Martin Marietta Materials (NYSE:MLM) Releases Earnings Results

Martin Marietta Materials (NYSE:MLM - Get Free Report) announced its earnings results on Wednesday. The construction company reported $4.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.62 by $0.17, Zacks reports. Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. Martin Marietta Materials updated its FY 2025 guidance to EPS.

Martin Marietta Materials Stock Performance

MLM stock traded down $4.19 during midday trading on Friday, reaching $527.47. 687,816 shares of the company were exchanged, compared to its average volume of 340,987. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. The business has a 50-day moving average price of $534.69 and a two-hundred day moving average price of $548.93. Martin Marietta Materials has a one year low of $482.72 and a one year high of $633.23. The firm has a market capitalization of $32.24 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Stephens lowered their price objective on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a research report on Thursday. HSBC raised shares of Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 price objective on the stock in a research note on Wednesday, December 11th. Raymond James reduced their price objective on shares of Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday. Wolfe Research upgraded shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 target price on the stock in a report on Wednesday, January 8th. Finally, StockNews.com downgraded shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Saturday, February 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $639.43.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.