Martin Marietta Supplies (NYSE:MLM – Free Report) had its worth goal trimmed by Stifel Nicolaus from $650.00 to $630.00 in a report printed on Wednesday morning, Benzinga studies. The agency presently has a purchase ranking on the development firm’s inventory.
MLM has been the topic of a number of different analysis studies. Citigroup upped their worth goal on shares of Martin Marietta Supplies from $635.00 to $708.00 and gave the inventory a purchase ranking in a analysis report on Friday, April fifth. JPMorgan Chase & Co. reiterated a impartial ranking and issued a $600.00 goal worth (up beforehand from $530.00) on shares of Martin Marietta Supplies in a report on Friday, March twenty second. StockNews.com lowered Martin Marietta Supplies from a purchase ranking to a maintain ranking in a analysis observe on Thursday, Could ninth. Truist Monetary lifted their worth goal on Martin Marietta Supplies from $610.00 to $700.00 and gave the corporate a purchase ranking in a analysis observe on Tuesday, April 2nd. Lastly, Wolfe Analysis lowered shares of Martin Marietta Supplies from an outperform ranking to a peer carry out ranking in a report on Friday, March eighth. 4 analysts have rated the inventory with a maintain ranking and eleven have issued a purchase ranking to the inventory. Based on MarketBeat.com, the corporate presently has a mean ranking of Reasonable Purchase and a mean goal worth of $610.25.
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Martin Marietta Supplies Inventory Efficiency
NYSE MLM opened at $533.27 on Wednesday. The corporate has a fast ratio of two.41, a present ratio of three.16 and a debt-to-equity ratio of 0.44. The inventory has a market cap of $32.87 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of two.40 and a beta of 0.91. Martin Marietta Supplies has a fifty-two week low of $389.90 and a fifty-two week excessive of $626.67. The enterprise has a fifty day shifting common of $570.77 and a 200-day shifting common of $557.62.
Martin Marietta Supplies (NYSE:MLM – Get Free Report) final issued its quarterly earnings outcomes on Tuesday, April thirtieth. The development firm reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.05. Martin Marietta Supplies had a return on fairness of 14.74% and a internet margin of 31.35%. The corporate had income of $1.25 billion in the course of the quarter, in comparison with the consensus estimate of $1.31 billion. Throughout the identical interval within the earlier yr, the agency posted $2.16 EPS. Martin Marietta Supplies’s income was down 7.6% on a year-over-year foundation. As a bunch, analysts predict that Martin Marietta Supplies will submit 23.1 earnings per share for the present fiscal yr.
Martin Marietta Supplies Broadcasts Dividend
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Friday, June twenty eighth. Stockholders of file on Monday, June third have been paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Monday, June third. Martin Marietta Supplies’s dividend payout ratio (DPR) is presently 8.77%.
Hedge Funds Weigh In On Martin Marietta Supplies
Quite a few hedge funds have not too long ago purchased and offered shares of the corporate. Ables Iannone Moore & Associates Inc. acquired a brand new place in shares of Martin Marietta Supplies within the 4th quarter price roughly $25,000. Pinnacle Bancorp Inc. acquired a brand new place in Martin Marietta Supplies within the fourth quarter price $26,000. Riverview Belief Co purchased a brand new stake in Martin Marietta Supplies in the course of the first quarter valued at $26,000. Trade Traded Ideas LLC acquired a brand new stake in shares of Martin Marietta Supplies in the course of the fourth quarter price $27,000. Lastly, Benjamin Edwards Inc. boosted its holdings in shares of Martin Marietta Supplies by 78.8% within the 4th quarter. Benjamin Edwards Inc. now owns 59 shares of the development firm’s inventory valued at $29,000 after shopping for an extra 26 shares in the course of the interval. 95.04% of the inventory is presently owned by institutional buyers and hedge funds.
About Martin Marietta Supplies
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Martin Marietta Supplies, Inc, a pure resource-based constructing supplies firm, provides aggregates and heavy-side constructing supplies to the development business in the US and internationally. It presents crushed stone, sand, and gravel merchandise; prepared blended concrete and asphalt; paving services and products; and Portland and specialty cement to be used within the infrastructure tasks, and nonresidential and residential building markets, in addition to within the railroad, agricultural, utility, and environmental industries.
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