According to Bloomberg Ratings, analysts have given Martin Marietta Materials, Inc. (NYSE: MLM) a “Moderate Buy” rating. Out of the fifteen analysts covering the company, eleven have recommended buying the stock, while four recommend holding. These analysts have an average one-year price target of $471.43, indicating potential growth for the company.
As of Friday, MLM shares opened at $435.90. The stock’s fifty-two week low was $298.32, and its high was $463.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.55, and a current ratio of 2.21. With a market capitalization of $27.01 billion, MLM has a price-to-earnings (P/E) ratio of 28.60 and a price-to-earnings growth (P/E/G) ratio of 1.32. Its beta stands at 0.90.
Over the past fifty days, the stock’s moving average has been $448.09, while over two hundred days it has been $405.93.
Recent insider selling by Vice President Craig M. Latorre suggests there may be changes or developments within the company that prompted these transactions. Latorre sold 1,934 shares on August 21st at an average price of $431.68 per share, resulting in a total transaction value of $834,869.12. Following this sale, Latorre now holds 9,731 shares valued at approximately $4,200,678.08.
In its most recent earnings report, Martin Marietta Materials exceeded analysts’ expectations with an EPS of $5.60 for the quarter. The company reported a return on equity of 13.42% and a net margin of 14.68%. Revenues for the quarter were $1.82 billion, in line with analysts’ expectations. Compared to the same period last year, the company showed substantial growth in both revenue and earnings.
Analysts forecast that Martin Marietta Materials will post earnings per share of $17.37 for the current year.
Overall, despite the insider sales and stock price fluctuations, Martin Marietta Materials has received positive ratings from analysts and has shown strong financial performance in recent quarters. Investors should continue monitoring any further developments within the company as they make investment decisions moving forward.
Sources: Bloomberg Ratings