Martin Marietta Materials (MLM) Receives a Hold from Stephens


Stephens analyst Trey Grooms maintained a Hold rating on Martin Marietta Materials (MLM) today and set a price target of $215.00. The company’s shares closed last Monday at $179.52.

According to TipRanks.com, Grooms is a 1-star analyst with an average return of -3.8% and a 40.6% success rate. Grooms covers the Industrial Goods sector, focusing on stocks such as Masonite International, Trex Company, and TopBuild.

Currently, the analyst consensus on Martin Marietta Materials is a Moderate Buy with an average price target of $249.13, a 36.1% upside from current levels. In a report issued on March 25, Deutsche Bank also maintained a Hold rating on the stock with a $213.00 price target.

See today’s analyst top recommended stocks >>

Based on Martin Marietta Materials’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.1 billion and net profit of $131 million. In comparison, last year the company earned revenue of $1.02 billion and had a net profit of $94.38 million.

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 geographical segments: Mid-America Group, Southeast Group, and West Group. The Mid-America Group and Southeast Group segments provide aggregates products only. The West Group offers aggregates, as well as cement and downstream products including mixed concrete, asphalt, and paving services. The company was founded in November 1993 and is headquartered in Raleigh, NC.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts