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

Company Overview

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.

Key Stats

• Today's Range: $593.16 to $600.66
• 50-Day Range: $518.65 to $619.55
• 52-Week Range: $456.83 to $633.23
• Volume: 184,944 shs
• Average Volume: 446,317 shs
• Market Capitalization: $36.67 billion
• P/E Ratio: 18.70
• Dividend Yield: 0.53%
• Price Target: $644.46
• Consensus Rating: Moderate Buy

Martin Marietta Materials Stock Analysis - MarketRank™

Martin Marietta Materials scored higher than 93% of companies evaluated by MarketBeat, and ranked 13th out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Martin Marietta Materials has received a consensus rating of Moderate Buy. The company's average rating score is 2.93, and is based on 12 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Martin Marietta Materials has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 17.41%

Earnings Growth

Earnings for Martin Marietta Materials are expected to grow by 17.41% in the coming year, from $17.58 to $20.64 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Martin Marietta Materials is 18.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.24.

Price to Earnings Ratio vs. Sector

The P/E ratio of Martin Marietta Materials is 18.70, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 30.14.

Price to Earnings Growth Ratio

Martin Marietta Materials has a PEG Ratio of 4.04. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Martin Marietta Materials has a P/B Ratio of 4.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.42% of the float of Martin Marietta Materials has been sold short.

Short Interest Ratio / Days to Cover

Martin Marietta Materials has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Martin Marietta Materials has recently decreased by 5.77%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Martin Marietta Materials has a dividend yield of 0.53%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Martin Marietta Materials does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Martin Marietta Materials is 9.85%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Martin Marietta Materials will have a dividend payout ratio of 15.31% next year. This indicates that Martin Marietta Materials will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.5 / 5
• Environmental Score: -5.65

Percentage of Shares Shorted

2.42% of the float of Martin Marietta Materials has been sold short.

Short Interest Ratio / Days to Cover

Martin Marietta Materials has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Martin Marietta Materials has recently decreased by 5.77%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.68

News Sentiment

Martin Marietta Materials has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.81 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 32 news articles for Martin Marietta Materials this week, compared to 10 articles on an average week.

Search Interest

4 people have searched for MLM on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

MarketBeat Follows

8 people have added Martin Marietta Materials to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Martin Marietta Materials insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.68% of the stock of Martin Marietta Materials is held by insiders.

Percentage Held by Institutions

95.04% of the stock of Martin Marietta Materials is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MLM Stock Analysis - Frequently Asked Questions

How have MLM shares performed this year?

Martin Marietta Materials' stock was trading at $498.91 at the beginning of the year. Since then, MLM stock has increased by 20.3% and is now trading at $600.00.
View the best growth stocks for 2024 here.

How were Martin Marietta Materials' earnings last quarter?

Martin Marietta Materials, Inc. (NYSE:MLM) released its quarterly earnings data on Wednesday, October, 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.41 by $0.50. The company's revenue was down 5.3% on a year-over-year basis.
Read the conference call transcript.

Who are Martin Marietta Materials' major shareholders?

Top institutional shareholders of Martin Marietta Materials include State Street Corp (4.43%), FMR LLC (4.12%), Baillie Gifford & Co. (3.47%) and Principal Financial Group Inc. (2.66%). Insiders that own company stock include C Howard Nye, Roselyn R Bar, Sue W Cole, John P Mohr and Craig M Latorre.
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.

What other stocks do shareholders of Martin Marietta Materials own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Martin Marietta Materials investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/03/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 10/30/2024
• Today: 11/29/2024
• Ex-Dividend for 12/31 Dividend: 12/02/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Mining & quarrying of nonmetallic minerals, except fuels
• Sub-Industry: Construction Materials
• Current Symbol: NYSE:MLM
• CUSIP: 57328410
• CIK: 916076
• Web: www.martinmarietta.com
• Phone: (919) 781-4550
• Fax: 919-783-4535
• Employees: 9,400
• Year Founded: 1993

Price Target and Rating

• Average Stock Price Target: $644.46
• High Stock Price Target: $737.00
• Low Stock Price Target: $543.00
• Potential Upside/Downside: +7.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.93
• Research Coverage: 15 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $32.09
• Trailing P/E Ratio: 18.68
• Forward P/E Ratio: 34.09
• P/E Growth: 4.04
• Net Income: $1.17 billion
• Net Margins: 30.47%
• Pretax Margin: 39.71%
• Return on Equity: 12.53%
• Return on Assets: 6.82%

Debt

• Debt-to-Equity Ratio: 0.43
• Current Ratio: 2.34
• Quick Ratio: 1.24

Sales & Book Value

• Annual Sales: $6.78 billion
• Price / Sales: 5.41
• Cash Flow: $27.89 per share
• Price / Cash Flow: 21.49
• Book Value: $150.05 per share
• Price / Book: 3.99

Miscellaneous

• Outstanding Shares: 61,120,000
• Free Float: 60,702,000
• Market Cap: $36.63 billion
• Optionable: Optionable
• Beta: 0.90