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Martin Marietta Materials, Inc. (NYSE: MLM) closed the day trading at $521.05 down -2.60% from the previous closing price of $534.98. In other words, the price has decreased by -$2.60 from its previous closing price. On the day, 0.62 million shares were traded. MLM stock price reached its highest trading level at $532.47 during the session, while it also had its lowest trading level at $518.2706.
Ratios:
For a better understanding of MLM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 292.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 65.39. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 1.86. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on March 22, 2024, Downgraded its rating to Neutral and sets its target price to $600 from $530 previously.
HSBC Securities Upgraded its Reduce to Hold on February 22, 2024, whereas the target price for the stock was revised from $376 to $543.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 14 ’24 when BAR ROSELYN R sold 10,000 shares for $603.29 per share. The transaction valued at 6,032,900 led to the insider holds 59,970 shares of the business.
Nye C Howard sold 15,000 shares of MLM for $9,063,900 on Mar 05 ’24. The Chairman, Pres & CEO now owns 134,640 shares after completing the transaction at $604.26 per share. On Mar 05 ’24, another insider, Nye C Howard, who serves as the Chairman, Pres & CEO of the company, sold 5,000 shares for $604.26 each. As a result, the insider received 3,021,300 and left with 70,400 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MLM now has a Market Capitalization of 31845064704 and an Enterprise Value of 36479041536. As of this moment, Martin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.79, and their Forward P/E ratio for the next fiscal year is 23.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.81 while its Price-to-Book (P/B) ratio in mrq is 3.60. Its current Enterprise Value per Revenue stands at 5.513 whereas that against EBITDA is 17.851.
Stock Price History:
Over the past 52 weeks, MLM has reached a high of $626.67, while it has fallen to a 52-week low of $389.90. The 50-Day Moving Average of the stock is -3.10%, while the 200-Day Moving Average is calculated to be -5.67%.
Shares Statistics:
Over the past 3-months, MLM traded about 497.89K shares per day on average, while over the past 10 days, MLM traded about 509370 shares per day. A total of 61.82M shares are outstanding, with a floating share count of 60.68M. Insiders hold about 0.71% of the company’s shares, while institutions hold 99.66% stake in the company. Shares short for MLM as of 1726185600 were 1394660 with a Short Ratio of 2.80, compared to 1723680000 on 1030948. Therefore, it implies a Short% of Shares Outstanding of 1394660 and a Short% of Float of 2.5999999.
Dividends & Splits
MLM’s forward annual dividend rate is 3.01, up from 2.96 a year ago. Against a Trailing Annual Dividend Yield of 0.0055329176The stock’s 5-year Average Dividend Yield is 0.71.
