Martin Marietta Materials (NYSE:MLM) Rating Lowered to "Sell" at Wall Street Zen

Martin Marietta Materials (NYSE:MLM - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

A number of other analysts also recently commented on the company. Stifel Nicolaus increased their price target on Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Truist Financial decreased their target price on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. UBS Group raised shares of Martin Marietta Materials from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $548.00 to $634.00 in a report on Friday, May 16th. Stephens reduced their price target on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Finally, Raymond James lowered their price objective on shares of Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $610.69.

Martin Marietta Materials Stock Up 0.9%

Shares of NYSE MLM traded up $4.70 during trading on Friday, hitting $550.24. The stock had a trading volume of 432,523 shares, compared to its average volume of 489,068. The firm has a fifty day moving average of $517.64 and a two-hundred day moving average of $524.68. The company has a market capitalization of $33.17 billion, a PE ratio of 17.02, a PEG ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. Martin Marietta Materials has a 12 month low of $441.95 and a 12 month high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.88 by $0.02. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm posted $1.93 EPS. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts forecast that Martin Marietta Materials will post 19.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Martin Marietta Materials

Institutional investors have recently modified their holdings of the stock. Lee Danner & Bass Inc. bought a new position in Martin Marietta Materials in the 4th quarter worth about $28,000. Wayfinding Financial LLC bought a new position in shares of Martin Marietta Materials in the first quarter worth approximately $29,000. Chilton Capital Management LLC bought a new position in shares of Martin Marietta Materials in the first quarter worth approximately $30,000. Zions Bancorporation National Association UT purchased a new stake in shares of Martin Marietta Materials during the first quarter valued at approximately $30,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $32,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; 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.