Martin Marietta Materials (MLM) Receiving Somewhat Positive News Coverage, Study Finds

Press coverage about Martin Marietta Materials (NYSE:MLM) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Martin Marietta Materials earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 46.4395651341424 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

MLM has been the topic of several research reports. Zacks Investment Research upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Bank of America dropped their price objective on shares of Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. Jefferies Group reiterated a “buy” rating and set a $240.00 price objective on shares of Martin Marietta Materials in a report on Wednesday, October 11th. DA Davidson reiterated a “hold” rating and set a $225.00 price objective on shares of Martin Marietta Materials in a report on Friday, November 3rd. Finally, SunTrust Banks reiterated a “buy” rating and set a $228.00 price objective on shares of Martin Marietta Materials in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Martin Marietta Materials presently has a consensus rating of “Hold” and an average target price of $240.50.

Martin Marietta Materials (MLM) traded up $0.61 during trading hours on Friday, hitting $211.10. 297,792 shares of the stock traded hands, compared to its average volume of 540,739. The company has a current ratio of 2.73, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $13,310.00, a P/E ratio of 30.77, a PEG ratio of 2.19 and a beta of 1.12. Martin Marietta Materials has a one year low of $191.09 and a one year high of $244.32.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Thursday, November 2nd. The construction company reported $2.39 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.06). The business had revenue of $1.02 million for the quarter, compared to the consensus estimate of $1.07 billion. Martin Marietta Materials had a return on equity of 10.39% and a net margin of 11.03%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.49 earnings per share. equities research analysts predict that Martin Marietta Materials will post 6.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, November 30th. Martin Marietta Materials’s payout ratio is presently 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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