Martin Marietta Materials, Inc. (NYSE:MLM) – Equities researchers at Jefferies Financial Group decreased their Q2 2019 earnings estimates for Martin Marietta Materials in a research report issued to clients and investors on Tuesday, November 6th. Jefferies Financial Group analyst P. Ng now forecasts that the construction company will post earnings of $3.33 per share for the quarter, down from their prior forecast of $3.53. Jefferies Financial Group also issued estimates for Martin Marietta Materials’ FY2020 earnings at $12.09 EPS.

Several other brokerages also recently weighed in on MLM. Bank of America cut their target price on Martin Marietta Materials to $247.00 and set a “buy” rating on the stock in a research note on Wednesday, July 25th. ValuEngine raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Stifel Nicolaus boosted their price objective on Martin Marietta Materials from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Citigroup dropped their price objective on Martin Marietta Materials from $262.00 to $250.00 and set a “buy” rating on the stock in a research note on Monday, July 30th. Finally, Stephens reissued a “hold” rating and issued a $233.00 price objective on shares of Martin Marietta Materials in a research note on Wednesday, August 1st. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $219.56.

Shares of Martin Marietta Materials stock opened at $184.29 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.14 and a current ratio of 1.88. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 1.60 and a beta of 1.09. Martin Marietta Materials has a 1-year low of $150.75 and a 1-year high of $241.33.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Tuesday, November 6th. The construction company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.21. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Martin Marietta Materials had a return on equity of 10.78% and a net margin of 17.95%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.39 EPS.

In other news, SVP Donald A. Mccunniff sold 2,250 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $204.33, for a total value of $459,742.50. Following the sale, the senior vice president now owns 12,649 shares of the company’s stock, valued at approximately $2,584,570.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Martin Marietta Materials by 5.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,065 shares of the construction company’s stock worth $2,195,000 after buying an additional 633 shares in the last quarter. CIBC World Markets Inc. raised its stake in shares of Martin Marietta Materials by 19.9% in the 3rd quarter. CIBC World Markets Inc. now owns 30,516 shares of the construction company’s stock worth $5,552,000 after buying an additional 5,056 shares in the last quarter. FMR LLC raised its stake in shares of Martin Marietta Materials by 0.4% in the 3rd quarter. FMR LLC now owns 1,838,515 shares of the construction company’s stock worth $334,517,000 after buying an additional 7,195 shares in the last quarter. American International Group Inc. raised its stake in shares of Martin Marietta Materials by 6.0% in the 3rd quarter. American International Group Inc. now owns 24,867 shares of the construction company’s stock worth $4,525,000 after buying an additional 1,417 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management raised its stake in shares of Martin Marietta Materials by 7.2% in the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 12,780 shares of the construction company’s stock worth $2,325,000 after buying an additional 853 shares in the last quarter.

Martin Marietta Materials Company Profile

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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Earnings History and Estimates for Martin Marietta Materials (NYSE:MLM)

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