Martin Marietta Materials (NYSE:MLM) announced a quarterly dividend on Friday, November 15th, Analyst Ratings News reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.40 per share on Tuesday, December 31st. This represents a $1.60 annualized dividend and a dividend yield of 1.56%.
On the ratings front, analysts at Zacks upgraded shares of Martin Marietta Materials from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. They now have a $99.10 price target on the stock. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Martin Marietta Materials presently has an average rating of “Hold” and a consensus target price of $113.35.
Shares of Martin Marietta Materials (NYSE:MLM) opened at 102.29 on Friday. Martin Marietta Materials has a one year low of $81.19 and a one year high of $113.65. The stock has a 50-day moving average of $98.6 and a 200-day moving average of $101.4. The company has a market cap of $4.726 billion and a price-to-earnings ratio of 44.28.
Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.47 by $0.07. The company had revenue of $600.50 million for the quarter, compared to the consensus estimate of $640.85 million. During the same quarter in the prior year, the company posted $1.36 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Analysts expect that Martin Marietta Materials will post $2.60 EPS for the current fiscal year.
Martin Marietta Materials, Inc is the producer of aggregates products (NYSE:MLM) for the construction industry, including infrastructure, nonresidential, residential, railroad ballast, agricultural, and chemical grade stone used in environmental applications.
This article (Martin Marietta Materials Inc. Declares Quarterly Dividend of $0.40 (MLM)) was originally developed by and is property of American Banking News.
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