Martin Marietta Supplies, Inc. (NYSE:MLM – Free Report) – Equities analysis analysts at Seaport Res Ptn decreased their Q1 2024 EPS estimates for shares of Martin Marietta Supplies in a analysis report issued on Tuesday, March twelfth. Seaport Res Ptn analyst R. Seth now anticipates that the development firm will publish earnings of $1.56 per share for the quarter, down from their prior estimate of $2.19. The consensus estimate for Martin Marietta Supplies’ present full-year earnings is $21.05 per share. Seaport Res Ptn additionally issued estimates for Martin Marietta Supplies’ Q3 2024 earnings at $8.12 EPS, This autumn 2024 earnings at $5.24 EPS, FY2024 earnings at $21.52 EPS, Q1 2025 earnings at $1.82 EPS, Q3 2025 earnings at $8.66 EPS, This autumn 2025 earnings at $5.53 EPS and FY2026 earnings at $26.51 EPS.
Different equities analysts have additionally not too long ago issued reviews concerning the inventory. Raymond James lifted their value goal on shares of Martin Marietta Supplies from $505.00 to $555.00 and gave the inventory an “outperform” score in a analysis observe on Thursday, January twenty fifth. Morgan Stanley started protection on shares of Martin Marietta Supplies in a analysis observe on Monday, January eighth. They set an “chubby” score and a $595.00 value goal for the corporate. Stifel Nicolaus lifted their value goal on shares of Martin Marietta Supplies from $510.00 to $598.00 and gave the inventory a “purchase” score in a analysis observe on Tuesday, December nineteenth. Citigroup lifted their value goal on shares of Martin Marietta Supplies from $573.00 to $635.00 and gave the corporate a “purchase” score in a report on Friday, February sixteenth. Lastly, StockNews.com lowered shares of Martin Marietta Supplies from a “purchase” score to a “maintain” score in a report on Friday, February ninth. Three funding analysts have rated the inventory with a maintain score and eleven have assigned a purchase score to the inventory. In keeping with MarketBeat.com, the inventory has a consensus score of “Average Purchase” and a median goal value of $559.46.
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Martin Marietta Supplies Worth Efficiency
MLM inventory opened at $604.91 on Thursday. Martin Marietta Supplies has a 12 month low of $317.94 and a 12 month excessive of $617.08. The corporate has a present ratio of three.35, a fast ratio of two.50 and a debt-to-equity ratio of 0.49. The corporate has a 50-day transferring common value of $533.77 and a 200 day transferring common value of $477.45. The inventory has a market cap of $37.40 billion, a PE ratio of 32.12, a P/E/G ratio of two.91 and a beta of 0.95.
Martin Marietta Supplies (NYSE:MLM – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, February 14th. The development firm reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.67. The corporate had income of $1.61 billion for the quarter, in comparison with the consensus estimate of $1.62 billion. Martin Marietta Supplies had a internet margin of 17.25% and a return on fairness of 15.77%. Martin Marietta Supplies’s income for the quarter was up 8.9% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the agency posted $3.04 EPS.
Martin Marietta Supplies Declares Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which shall be paid on Thursday, March twenty eighth. Stockholders of report on Monday, March 4th shall be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, March 1st. Martin Marietta Supplies’s dividend payout ratio (DPR) is at the moment 15.72%.
Insider Exercise
In different information, CEO C Howard Nye bought 15,000 shares of the corporate’s inventory in a transaction on Tuesday, March fifth. The shares have been bought at a median value of $604.26, for a complete worth of $9,063,900.00. Following the sale, the chief govt officer now straight owns 134,640 shares of the corporate’s inventory, valued at roughly $81,357,566.40. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which will be accessed via this hyperlink. In associated information, Director Sue W. Cole bought 1,724 shares of the inventory in a transaction on Friday, February sixteenth. The shares have been bought at a median value of $543.48, for a complete transaction of $936,959.52. Following the sale, the director now straight owns 19,793 shares of the corporate’s inventory, valued at $10,757,099.64. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible via this hyperlink. Additionally, CEO C Howard Nye bought 15,000 shares of the inventory in a transaction on Tuesday, March fifth. The inventory was bought at a median value of $604.26, for a complete transaction of $9,063,900.00. Following the sale, the chief govt officer now straight owns 134,640 shares within the firm, valued at $81,357,566.40. The disclosure for this sale will be discovered right here. Insiders personal 0.61% of the corporate’s inventory.
Institutional Buying and selling of Martin Marietta Supplies
Plenty of hedge funds have not too long ago added to or decreased their stakes within the firm. Schear Funding Advisers LLC boosted its holdings in Martin Marietta Supplies by 1.2% through the fourth quarter. Schear Funding Advisers LLC now owns 1,647 shares of the development firm’s inventory price $822,000 after shopping for an extra 20 shares within the final quarter. Parallel Advisors LLC raised its place in Martin Marietta Supplies by 1.8% through the fourth quarter. Parallel Advisors LLC now owns 1,170 shares of the development firm’s inventory price $584,000 after buying an extra 21 shares through the interval. Fayez Sarofim & Co raised its place in Martin Marietta Supplies by 0.9% through the fourth quarter. Fayez Sarofim & Co now owns 2,335 shares of the development firm’s inventory price $1,231,000 after buying an extra 21 shares through the interval. Independence Financial institution of Kentucky raised its place in Martin Marietta Supplies by 16.9% through the fourth quarter. Independence Financial institution of Kentucky now owns 152 shares of the development firm’s inventory price $76,000 after buying an extra 22 shares through the interval. Lastly, World Retirement Companions LLC raised its place in Martin Marietta Supplies by 5.0% through the fourth quarter. World Retirement Companions LLC now owns 460 shares of the development firm’s inventory price $228,000 after buying an extra 22 shares through the interval. 93.22% of the inventory is owned by hedge funds and different institutional buyers.
Martin Marietta Supplies Firm Profile
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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 trade in the US and internationally. It gives 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 initiatives, and nonresidential and residential development markets, in addition to within the railroad, agricultural, utility, and environmental industries.
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