Martin Marietta Materials Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last year. There are currently 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Martin Marietta Materials stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MLM, but not buy additional shares or sell existing shares.
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Martin Marietta Materials saw a increase in short interest in August. As of August 13th, there was short interest totaling 635,100 shares, an increase of 15.6% from the July 29th total of 549,500 shares. Based on an average daily volume of 355,200 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.0% of the company's stock are sold short.
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Martin Marietta Materials is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
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Martin Marietta Materials, Inc. (NYSE:MLM) posted its quarterly earnings data on Thursday, July, 29th. The construction company reported $3.81 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $3.91 by $0.10. The construction company earned $1.30 billion during the quarter, compared to analysts' expectations of $1.29 billion. Martin Marietta Materials had a net margin of 15.81% and a trailing twelve-month return on equity of 13.18%. During the same period last year, the firm earned $3.49 earnings per share.
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Martin Marietta Materials' stock was trading at $206.51 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MLM stock has increased by 66.0% and is now trading at $342.73.
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Martin Marietta Materials declared a quarterly dividend on Friday, August 13th. Stockholders of record on Wednesday, September 1st will be given a dividend of $0.61 per share on Thursday, September 30th. This represents a $2.44 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, August 31st. This is a positive change from Martin Marietta Materials's previous quarterly dividend of $0.57.
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Martin Marietta Materials pays an annual dividend of $2.44 per share and currently has a dividend yield of 0.69%. The dividend payout ratio of Martin Marietta Materials is 21.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Martin Marietta Materials will have a dividend payout ratio of 17.60% next year. This indicates that Martin Marietta Materials will be able to sustain or increase its dividend.
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Martin Marietta Materials updated its FY 2021 earnings guidance on Thursday, August, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $4.71 billion-$4.85 billion, compared to the consensus revenue estimate of $4.84 billion.

14 analysts have issued twelve-month price targets for Martin Marietta Materials' shares. Their forecasts range from $262.00 to $440.00. On average, they expect Martin Marietta Materials' share price to reach $342.25 in the next year. This suggests that the stock has a possible downside of 0.1%.
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125 employees have rated Martin Marietta Materials CEO C. Howard Nye on Glassdoor.com. C. Howard Nye has an approval rating of 84% among Martin Marietta Materials' employees.

Some companies that are related to Martin Marietta Materials include Vulcan Materials (VMC), Sociedad Química y Minera de Chile (SQM), Teck Resources (TECK), MDU Resources Group (MDU), Lynas Rare Earths (LYSDY), Summit Materials (SUM), Hecla Mining (HL), Compass Minerals International (CMP), Energy Fuels (UUUU), Piedmont Lithium (PLL), Largo Resources (LGO), United States Lime & Minerals (USLM), U.S. Silica (SLCA), Centrus Energy (LEU) and Intrepid Potash (IPI).
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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), The Boeing (BA), Alibaba Group (BABA), UnitedHealth Group (UNH), Broadcom (AVGO), salesforce.com (CRM) and Johnson & Johnson (JNJ).

Martin Marietta Materials trades on the New York Stock Exchange (NYSE) under the ticker symbol "MLM."

Martin Marietta Materials' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.68%), BlackRock Inc. (6.57%), Baillie Gifford & Co. (6.11%), State Street Corp (5.34%), Price T Rowe Associates Inc. MD (2.86%) and JPMorgan Chase & Co. (2.48%). Company insiders that own Martin Marietta Materials stock include C Howard Nye, John J Koraleski, John P Mohr, Roselyn R Bar, Stephen P Zelnak Jr and Sue W Cole.
View institutional ownership trends for Martin Marietta Materials.

MLM stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Findlay Park Partners LLP, JPMorgan Chase & Co., Los Angeles Capital Management LLC, Franklin Resources Inc., Manning & Napier Group LLC, and 1832 Asset Management L.P.. Company insiders that have sold Martin Marietta Materials company stock in the last year include C Howard Nye, and Roselyn R Bar.
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MLM stock was acquired by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Amundi, CIBC Private Wealth Group LLC, BlackRock Inc., Bank of America Corp DE, Bank of America Corp DE, Citigroup Inc., and Invesco Ltd.. Company insiders that have bought Martin Marietta Materials stock in the last two years include John J Koraleski, John P Mohr, and Stephen P Zelnak Jr.
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Shares of MLM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MLM stock can currently be purchased for approximately $342.73.

Martin Marietta Materials has a market capitalization of $21.38 billion and generates $4.73 billion in revenue each year. The construction company earns $721 million in net income (profit) each year or $11.54 on an earnings per share basis.

Martin Marietta Materials employs 8,700 workers across the globe.

Martin Marietta Materials was founded in 1993.

The official website for Martin Marietta Materials is www.martinmarietta.com.

Martin Marietta Materials is headquartered at 2710 WYCLIFF ROAD, RALEIGH NC, 27607.

Martin Marietta Materials' mailing address is 2710 WYCLIFF ROAD, RALEIGH NC, 27607. The construction company can be reached via phone at (919) 781-4550 or via email at [email protected].