#3 - Martin Marietta Materials (NYSE:MLM)
Martin Marietta Materials, Inc. (NYSE: MLM) is a relatively young company, having been established in 1993. Nevertheless, the Raliegh, North Carolina-based company is one of the leading cement and concrete suppliers in the United States. The company’s operations span 26 states in addition to Canada and the Bahamas. The company’s portfolio includes concrete for virtually any application that would be required for infrastructure projects both on land and offshore.
Martin Marietta stock is heavily controlled by the institutions, with the “big money” owning over 90% of the company’s stock. Still, MLM stock is up 77% in the last five years. And in that time, it has continued to increase its dividend. The yield of 0.66% is below the sector average, but it does have a payout of $2.64 and a payout ratio of 17% which makes the dividend highly sustainable. MLM stock carries a beat of 0.87.
About Martin Marietta Materials
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.
Read More - Current Price
- $572.08
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $610.27 (6.7% Upside)
