Media coverage about Martin Marietta Materials (NYSE:MLM) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Martin Marietta Materials earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 46.2289190813103 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Stephens Reaffirms Hold Rating for Martin Marietta Materials (MLM) (americanbankingnews.com)
- Noteworthy Wednesday Option Activity: MLM, SBUX, NOC – Nasdaq (nasdaq.com)
- $919.68 Million in Sales Expected for Martin Marietta Materials, Inc. (MLM) This Quarter (americanbankingnews.com)
- Martin Marietta Materials (NYSE:MLM) Now Covered by Analysts at Barclays (nismagazine.com)
MLM has been the subject of several recent analyst reports. SunTrust Banks restated a “buy” rating and issued a $228.00 target price on shares of Martin Marietta Materials in a research note on Friday, October 27th. Bank of America reduced their target price on shares of Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. Jefferies Group restated a “buy” rating and issued a $240.00 target price on shares of Martin Marietta Materials in a research note on Wednesday, October 11th. Citigroup restated a “buy” rating and issued a $260.00 target price (down previously from $270.00) on shares of Martin Marietta Materials in a research note on Monday, October 9th. Finally, Zacks Investment Research upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Martin Marietta Materials presently has an average rating of “Hold” and an average price target of $240.50.
Martin Marietta Materials (MLM) traded up $0.50 during trading hours on Thursday, reaching $228.00. 797,615 shares of the company’s stock traded hands, compared to its average volume of 857,900. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.73 and a quick ratio of 1.50. Martin Marietta Materials has a 52-week low of $191.09 and a 52-week high of $244.32. The stock has a market cap of $14,330.00, a P/E ratio of 33.24, a P/E/G ratio of 1.90 and a beta of 1.12.
Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Thursday, November 2nd. The construction company reported $2.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.45 by ($0.06). Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The business had revenue of $1.02 million for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business posted $2.49 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. sell-side analysts predict that Martin Marietta Materials will post 6.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.76 annualized dividend and a yield of 0.77%. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 25.66%.
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About Martin Marietta Materials
Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications.
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