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

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MLM shares.
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14 analysts have issued 1 year price targets for Martin Marietta Materials' shares. Their MLM share price forecasts range from $350.00 to $550.00. On average, they anticipate the company's stock price to reach $469.21 in the next year. This suggests a possible upside of 15.6% from the stock's current price.
View analysts price targets for MLM or view top-rated stocks among Wall Street analysts.

Martin Marietta Materials' stock was trading at $337.97 on January 1st, 2023. Since then, MLM shares have increased by 20.0% and is now trading at $405.7250.
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Martin Marietta Materials saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 542,900 shares, a decrease of 23.4% from the August 31st total of 709,100 shares. Based on an average trading volume of 399,200 shares, the short-interest ratio is presently 1.4 days. Currently, 0.9% of the shares of the stock are short sold.
View Martin Marietta Materials' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our MLM earnings forecast.

Martin Marietta Materials, Inc. (NYSE:MLM) announced its quarterly earnings results on Thursday, July, 27th. The construction company reported $5.60 earnings per share for the quarter, topping analysts' consensus estimates of $4.83 by $0.77. The construction company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. Martin Marietta Materials had a net margin of 14.68% and a trailing twelve-month return on equity of 13.42%. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.96 earnings per share.
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Martin Marietta Materials announced a quarterly dividend on Thursday, August 10th. Shareholders of record on Friday, September 1st will be given a dividend of $0.74 per share on Friday, September 29th. This represents a $2.96 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, August 31st. This is an increase from the stock's previous quarterly dividend of $0.66.
Read our dividend analysis for MLM.

ETFs with the largest weight of Martin Marietta Materials (NYSE:MLM) stock in their portfolio include Engine No. 1 Transform Supply Chain ETF (SUPP), Invesco Building & Construction ETF (PKB), Invesco S&P 500 Equal Weight Materials ETF (RSPM), Invesco S&P 500 Equal Weight Materials ETF (RTM), Materials Select Sector SPDR Fund (XLB), Alger 35 ETF (ATFV), Global X U.S. Infrastructure Development ETF (PAVE) and Vanguard Materials ETF (VAW).

Martin Marietta Materials (NYSE:MLM) pays an annual dividend of $2.96 per share and currently has a dividend yield of 0.72%. 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 19.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MLM will have a dividend payout ratio of 14.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MLM.

Martin Marietta Materials issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.72 billion-$6.86 billion, compared to the consensus revenue estimate of $6.82 billion.

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.

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).

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

Shares of MLM stock 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 $405.73.

Martin Marietta Materials (NYSE:MLM) has a market capitalization of $25.14 billion and generates $6.16 billion in revenue each year. The construction company earns $866.80 million in net income (profit) each year or $15.24 on an earnings per share basis.

The company employs 9,400 workers across the globe.

Martin Marietta Materials' mailing address is 2710 WYCLIFF ROAD, RALEIGH NC, 27607. The official website for the company is www.martinmarietta.com. The construction company can be reached via phone at (919) 781-4550, via email at suzanne.osberg@martinmarietta.com, or via fax at 919-783-4535.