NYSE:MLM

Martin Marietta Materials (MLM) Stock Price, News & Analysis

$595.32
-3.49 (-0.58%)
(As of 03:40 PM ET)
Today's Range
$595.28
$599.96
50-Day Range
$566.10
$621.89
52-Week Range
$389.90
$626.67
Volume
160,572 shs
Average Volume
415,194 shs
Market Capitalization
$36.70 billion
P/E Ratio
17.64
Dividend Yield
0.50%
Price Target
$598.17

Martin Marietta Materials MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
0.2% Upside
$598.17 Price Target
Short Interest
Healthy
1.61% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.65
Upright™ Environmental Score
News Sentiment
0.71mentions of Martin Marietta Materials in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$16.03 M Sold Last Quarter
Proj. Earnings Growth
10.09%
From $21.70 to $23.89 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.18 out of 5 stars

Construction Sector

19th out of 102 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

2nd out of 20 stocks

MLM stock logo

About Martin Marietta Materials Stock (NYSE:MLM)

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. The company also produces magnesia-based chemicals products; dolomitic lime primarily to customers for steel production and soil stabilization; and cement treated materials. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. The company was founded in 1939 and is headquartered in Raleigh, North Carolina.

MLM Stock Price History

MLM Stock News Headlines

Here's Why Institutions Had Been Buying Martin Marietta Stock
A U.S. construction boom may be in the works, as the current housing market has hit a stalemate between willing buyers and sellers. With only one alternative left to break this frozen property market, homebuilding stocks and their horizontal components could attract most of Wall Street's attention this cycle.
Here’s Why Institutions Had Been Buying Martin Marietta Stock (MLM)
As the U.S. construction boom gets underway, certain stocks are coming out of fashion to open up a path for Martin Marietta stock to beat its peers
The Weight Loss Pill That Could Disrupt a $32 Billion Industry
A revolutionary new weight loss pill is about to send shockwaves through the plus-size clothing market. Analysts are calling it the "King Kong" of diet drugs after amazing clinical trial results.
“Crash Insurance” For Your Retirement
When it comes to retirement, everyone fears one thing… Outliving their retirement savings. You'll discover conservative, beginner-friendly options strategies which could help to cash flow your stock portfolio.
Martin Marietta: Q1 Earnings Snapshot
Martin Marietta Reports First-Quarter 2024 Results
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/01/2024
Dividend Payable
3/28/2024
Last Earnings
4/30/2024
Today
5/08/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
Construction Materials
CUSIP
57328410
Employees
9,400
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$598.17
High Stock Price Target
$737.00
Low Stock Price Target
$465.00
Potential Upside/Downside
+0.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Net Income
$1.17 billion
Pretax Margin
40.99%

Debt

Sales & Book Value

Annual Sales
$6.78 billion
Cash Flow
$27.95 per share
Book Value
$130.01 per share

Miscellaneous

Free Float
61,221,000
Market Cap
$36.75 billion
Optionable
Optionable
Beta
0.95

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Key Executives


MLM Stock Analysis - Frequently Asked Questions

Should I buy or sell Martin Marietta Materials stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MLM shares.
View MLM analyst ratings
or view top-rated stocks.

What is Martin Marietta Materials' stock price target for 2024?

13 analysts have issued 12-month price targets for Martin Marietta Materials' shares. Their MLM share price targets range from $465.00 to $737.00. On average, they expect the company's share price to reach $598.17 in the next year. This suggests a possible upside of 0.2% from the stock's current price.
View analysts price targets for MLM
or view top-rated stocks among Wall Street analysts.

How have MLM shares performed in 2024?

Martin Marietta Materials' stock was trading at $498.91 at the start of the year. Since then, MLM shares have increased by 19.7% and is now trading at $596.98.
View the best growth stocks for 2024 here
.

When is Martin Marietta Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our MLM earnings forecast
.

How were Martin Marietta Materials' earnings last quarter?

Martin Marietta Materials, Inc. (NYSE:MLM) released its quarterly earnings data on Tuesday, April, 30th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.88 by $0.05. The construction company earned $1.25 billion during the quarter, compared to analyst estimates of $1.31 billion. Martin Marietta Materials had a net margin of 31.35% and a trailing twelve-month return on equity of 14.74%. The company's revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.16 EPS.
Read the conference call transcript
.

How often does Martin Marietta Materials pay dividends? What is the dividend yield for Martin Marietta Materials?

Martin Marietta Materials declared a quarterly dividend on Thursday, February 22nd. Investors of record on Monday, March 4th will be paid a dividend of $0.74 per share on Thursday, March 28th. This represents a $2.96 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Friday, March 1st.
Read our dividend analysis for MLM
.

Is Martin Marietta Materials a good dividend stock?

Martin Marietta Materials (NYSE:MLM) pays an annual dividend of $2.96 per share and currently has a dividend yield of 0.50%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 8.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MLM will have a dividend payout ratio of 12.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MLM.

What guidance has Martin Marietta Materials issued on next quarter's earnings?

Martin Marietta Materials issued an update on its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $6.9 billion-$7.3 billion, compared to the consensus revenue estimate of $7.1 billion.

What is C. Howard Nye's approval rating as Martin Marietta Materials' CEO?

125 employees have rated Martin Marietta Materials Chief Executive Officer C. Howard Nye on Glassdoor.com. C. Howard Nye has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Martin Marietta Materials own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Martin Marietta Materials investors own include NVIDIA (NVDA), AbbVie (ABBV), Micron Technology (MU), Vulcan Materials (VMC), Boeing (BA), Alibaba Group (BABA), UnitedHealth Group (UNH), Broadcom (AVGO), Salesforce (CRM) and Johnson & Johnson (JNJ).

Who are Martin Marietta Materials' major shareholders?

Martin Marietta Materials' stock is owned by many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (3.69%), Principal Financial Group Inc. (1.54%), Bank of New York Mellon Corp (0.74%), Findlay Park Partners LLP (0.63%), DAVENPORT & Co LLC (0.58%) and Mirae Asset Global Investments Co. Ltd. (0.46%). Insiders that own company stock include C Howard Nye, Craig M Latorre, John P Mohr, Roselyn R Bar and Sue W Cole.
View institutional ownership trends
.

How do I buy shares of Martin Marietta Materials?

Shares of MLM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MLM) was last updated on 5/8/2024 by MarketBeat.com Staff

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