Martin Marietta Materials, Inc. (NYSE:MLM) – Equities research analysts at Jefferies Financial Group increased their Q2 2019 earnings per share estimates for shares of Martin Marietta Materials in a note issued to investors on Tuesday, February 12th. Jefferies Financial Group analyst P. Ng now expects that the construction company will earn $3.25 per share for the quarter, up from their prior estimate of $3.18. Jefferies Financial Group currently has a “Buy” rating and a $232.00 target price on the stock.
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Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Tuesday, February 12th. The construction company reported $1.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by ($0.21). Martin Marietta Materials had a net margin of 11.07% and a return on equity of 10.38%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company earned $1.88 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis.
Several other equities analysts have also commented on MLM. Nomura started coverage on Martin Marietta Materials in a research note on Monday, October 29th. They issued a “buy” rating and a $220.00 price target on the stock. Citigroup set a $231.00 price target on Martin Marietta Materials and gave the company a “buy” rating in a research note on Thursday, November 8th. Stephens set a $204.00 price target on Martin Marietta Materials and gave the company a “hold” rating in a research note on Tuesday, November 13th. Zacks Investment Research reissued a “sell” rating on shares of Martin Marietta Materials in a research note on Tuesday, November 13th. Finally, ValuEngine raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $217.45.
Shares of Martin Marietta Materials stock opened at $187.49 on Friday. Martin Marietta Materials has a 52 week low of $150.75 and a 52 week high of $232.88. The firm has a market capitalization of $11.31 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 1.49 and a beta of 1.15. The company has a current ratio of 1.88, a quick ratio of 1.04 and a debt-to-equity ratio of 0.57.
In related news, Director John J. Koraleski purchased 1,000 shares of the business’s stock in a transaction on Friday, December 14th. The shares were bought at an average price of $174.07 per share, for a total transaction of $174,070.00. Following the acquisition, the director now directly owns 2,172 shares in the company, valued at $378,080.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Personal Financial Services increased its holdings in Martin Marietta Materials by 30.3% during the 4th quarter. First Personal Financial Services now owns 271 shares of the construction company’s stock worth $47,000 after purchasing an additional 63 shares during the period. Parallel Advisors LLC increased its holdings in Martin Marietta Materials by 19.7% during the 4th quarter. Parallel Advisors LLC now owns 425 shares of the construction company’s stock worth $73,000 after purchasing an additional 70 shares during the period. ETF Managers Group LLC increased its holdings in Martin Marietta Materials by 15.5% during the 4th quarter. ETF Managers Group LLC now owns 626 shares of the construction company’s stock worth $108,000 after purchasing an additional 84 shares during the period. Bogart Wealth LLC increased its holdings in Martin Marietta Materials by 76.9% during the 4th quarter. Bogart Wealth LLC now owns 230 shares of the construction company’s stock worth $39,000 after purchasing an additional 100 shares during the period. Finally, Icon Advisers Inc. Co. increased its holdings in Martin Marietta Materials by 0.5% during the 4th quarter. Icon Advisers Inc. Co. now owns 20,010 shares of the construction company’s stock worth $3,439,000 after purchasing an additional 100 shares during the period.
About Martin Marietta Materials
Martin Marietta Materials, Inc, a natural-resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company provides crushed stone, sand, and gravel products; ready mixed concrete, and asphalt and paving products; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.
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