Stifel Nicolaus analyst Stanley Elliott reiterated a Buy rating on Martin Marietta Materials (NYSE: MLM) on October 18 and set a price target of $240. The company’s shares closed on Friday at $161.67, close to its 52-week low of $160.67.
According to TipRanks.com, Elliott is a 4-star analyst with an average return of 11.3% and a 62.7% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Manitowoc Company, Astec Industries, and Oshkosh Corp.
Currently, the analyst consensus on Martin Marietta Materials is a Moderate Buy with an average price target of $219.88, representing a 36.0% upside. In a report issued on October 4, Jefferies also reiterated a Buy rating on the stock with a $248 price target.
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The company has a one-year high of $241.33 and a one-year low of $160.67. Currently, Martin Marietta Materials has an average volume of 752.6K.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MLM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Martin Marietta Materials, Inc. engages in the provision of aggregates including crushed stone, sand, and gravel through its network of quarries and distribution yards. It operates through the following geographic segments: Mid-America Group, Southeast Group, and West Group. The Mid-America Group and Southeast Group segments provide aggregates products only.
