Martin Marietta Materials, Inc. (NYSE:MLM) – Research analysts at SunTrust Banks lowered their FY2018 earnings per share estimates for Martin Marietta Materials in a note issued to investors on Wednesday, November 14th, according to Zacks Investment Research. SunTrust Banks analyst R. Seth now forecasts that the construction company will post earnings of $7.88 per share for the year, down from their previous estimate of $8.13. SunTrust Banks currently has a “Buy” rating and a $205.00 target price on the stock. SunTrust Banks also issued estimates for Martin Marietta Materials’ Q3 2019 earnings at $3.16 EPS, Q4 2019 earnings at $2.33 EPS, Q1 2020 earnings at $0.54 EPS, Q3 2020 earnings at $3.71 EPS and FY2020 earnings at $10.21 EPS.

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

MLM has been the topic of a number of other reports. Stephens set a $187.00 price objective on Martin Marietta Materials and gave the company a “hold” rating in a report on Wednesday, October 17th. ValuEngine raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Barclays set a $215.00 price objective on Martin Marietta Materials and gave the company a “hold” rating in a report on Friday, September 28th. DA Davidson set a $200.00 price objective on Martin Marietta Materials and gave the company a “hold” rating in a report on Thursday, October 11th. Finally, Citigroup set a $231.00 price objective on Martin Marietta Materials and gave the company a “buy” rating in a report on Thursday, November 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $219.11.

NYSE MLM traded down $4.65 on Friday, reaching $181.48. The stock had a trading volume of 1,418,976 shares, compared to its average volume of 793,780. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.88 and a quick ratio of 1.04. Martin Marietta Materials has a 1-year low of $150.75 and a 1-year high of $241.33. The firm has a market cap of $11.67 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 1.86 and a beta of 1.14.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 3rd will be given a dividend of $0.48 per share. The ex-dividend date is Friday, November 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.06%. Martin Marietta Materials’s payout ratio is 26.74%.

In other news, SVP Donald A. Mccunniff sold 1,476 shares of the company’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $185.50, for a total transaction of $273,798.00. Following the completion of the sale, the senior vice president now directly owns 14,467 shares in the company, valued at approximately $2,683,628.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Martin Marietta Materials by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 6,653,036 shares of the construction company’s stock worth $1,210,520,000 after buying an additional 28,832 shares during the last quarter. BlackRock Inc. lifted its position in shares of Martin Marietta Materials by 1.3% during the 2nd quarter. BlackRock Inc. now owns 3,962,118 shares of the construction company’s stock worth $884,859,000 after buying an additional 51,674 shares during the last quarter. Morgan Stanley lifted its position in shares of Martin Marietta Materials by 5.0% during the 3rd quarter. Morgan Stanley now owns 3,665,846 shares of the construction company’s stock worth $666,999,000 after buying an additional 173,731 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of Martin Marietta Materials by 48.5% during the 3rd quarter. Baillie Gifford & Co. now owns 3,292,027 shares of the construction company’s stock worth $598,984,000 after buying an additional 1,075,314 shares during the last quarter. Finally, Select Equity Group L.P. lifted its position in shares of Martin Marietta Materials by 27.2% during the 3rd quarter. Select Equity Group L.P. now owns 2,463,993 shares of the construction company’s stock worth $448,324,000 after buying an additional 526,139 shares during the last quarter.

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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