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S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
Options Trading Plan–Perfect For Beginners (Ad)
Stock market today: Wall Street higher, but likely not enough to this turn losing week into a winner
Analysts Recommend These Mining Stocks Before Metal Prices Rally
Options Trading Plan–Perfect For Beginners (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
BREAKING: Tiny biotech successfully treats blindness (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
Options Trading Plan–Perfect For Beginners (Ad)
Stock market today: Wall Street higher, but likely not enough to this turn losing week into a winner
Analysts Recommend These Mining Stocks Before Metal Prices Rally
Options Trading Plan–Perfect For Beginners (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
BREAKING: Tiny biotech successfully treats blindness (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
Options Trading Plan–Perfect For Beginners (Ad)
Stock market today: Wall Street higher, but likely not enough to this turn losing week into a winner
Analysts Recommend These Mining Stocks Before Metal Prices Rally
Options Trading Plan–Perfect For Beginners (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
BREAKING: Tiny biotech successfully treats blindness (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Renowned Federal Judge, 96, Faces Yearlong Suspension For Refusing to Retire
NYSE:MLM

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

$406.56
-14.35 (-3.41%)
(As of 09/21/2023 ET)
Compare
Today's Range
$404.74
$418.85
50-Day Range
$406.56
$462.24
52-Week Range
$298.32
$463.41
Volume
551,452 shs
Average Volume
337,357 shs
Market Capitalization
$25.19 billion
P/E Ratio
26.68
Dividend Yield
0.73%
Price Target
$469.21

Martin Marietta Materials MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
15.4% Upside
$469.21 Price Target
Short Interest
Healthy
1.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.65
Upright™ Environmental Score
News Sentiment
0.74mentions of Martin Marietta Materials in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$1.06 M Sold Last Quarter
Proj. Earnings Growth
13.01%
From $17.75 to $20.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.48 out of 5 stars

Construction Sector

31st out of 98 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

4th out of 17 stocks


MLM stock logo

About Martin Marietta Materials (NYSE:MLM) Stock

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. Martin Marietta Materials, Inc. was founded in 1939 and is headquartered in Raleigh, North Carolina.

MLM Price History

MLM Stock News Headlines

Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Martin Marietta Materials (NYSE:MLM) Now Covered by Analysts at HSBC
Here’s How Martin Marietta Materials (MLM) Performed in Q2
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
See More Headlines
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MLM Company Calendar

Ex-Dividend for 6/30 Dividend
5/31/2023
Dividend Payable
6/30/2023
Last Earnings
7/27/2023
Ex-Dividend for 9/29 Dividend
8/31/2023
Today
9/22/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$469.21
High Stock Price Forecast
$550.00
Low Stock Price Forecast
$350.00
Forecasted Upside/Downside
+15.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

Net Income
$866.80 million
Pretax Margin
18.77%

Debt

Sales & Book Value

Annual Sales
$6.16 billion
Cash Flow
$19.60 per share
Book Value
$115.52 per share

Miscellaneous

Free Float
61,591,000
Market Cap
$25.19 billion
Optionable
Optionable
Beta
0.90

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Key Executives

  • Mr. C. Howard NyeMr. C. Howard Nye (Age 60)
    Chairman, CEO & Pres
    Comp: $4.2M
  • Mr. James A. J. Nickolas (Age 52)
    Exec. VP & CFO
    Comp: $1.46M
  • Ms. Roselyn R. BarMs. Roselyn R. Bar (Age 64)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $1.35M
  • Mr. Robert J. Cardin (Age 60)
    Sr. VP, Controller & Chief Accounting Officer
  • Suzanne Osberg
    VP of Investor Relations
  • Ms. Kelly G. Bennett
    Sr. VP, Chief Human Resource Officer & Head of Inclusion & Engagement Programs
  • Mr. Kirk Light
    Pres of Cement & Southwest Ready Mix
  • Mr. Michael J. Petro (Age 39)
    Sr. VP of Strategy & Devel.
  • Oliver W. Brooks
    Sr. VP of Enterprise Excellence
  • Mr. Larry J. Roberts (Age 69)
    Pres of Southwest Division













MLM Stock - Frequently Asked Questions

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

14 Wall Street research 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 research 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 forecast for 2023?

14 Wall Street research analysts have issued 12-month target prices for Martin Marietta Materials' shares. Their MLM share price forecasts range from $350.00 to $550.00. On average, they predict the company's share price to reach $469.21 in the next twelve months. This suggests a possible upside of 15.4% 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 2023?

Martin Marietta Materials' stock was trading at $337.97 on January 1st, 2023. Since then, MLM shares have increased by 20.3% and is now trading at $406.56.
View the best growth stocks for 2023 here
.

Are investors shorting Martin Marietta Materials?

Martin Marietta Materials saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 709,100 shares, an increase of 27.5% from the August 15th total of 556,300 shares. Based on an average daily trading volume, of 384,000 shares, the short-interest ratio is currently 1.8 days. Currently, 1.2% of the shares of the company are short sold.
View Martin Marietta Materials' Short Interest
.

When is Martin Marietta Materials' next earnings date?

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

How were Martin Marietta Materials' earnings last quarter?

Martin Marietta Materials, Inc. (NYSE:MLM) released its earnings results on Thursday, July, 27th. The construction company reported $5.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.83 by $0.77. The construction company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.82 billion. Martin Marietta Materials had a trailing twelve-month return on equity of 13.42% and a net margin of 14.68%. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.96 earnings per share.
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 announced a quarterly dividend on Thursday, August 10th. Investors 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 a positive change from the stock's previous quarterly dividend of $0.66.
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 0.70%. 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.

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

Martin Marietta Materials updated 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.

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).

What is Martin Marietta Materials' stock symbol?

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

Who are Martin Marietta Materials' major shareholders?

Martin Marietta Materials' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.36%), Aristotle Capital Management LLC (5.14%), Baillie Gifford & Co. (4.55%), State Street Corp (4.15%), JPMorgan Chase & Co. (3.00%) and Geode Capital Management LLC (2.12%). Insiders that own company stock include C Howard Nye, Craig M Latorre, John P Mohr and Roselyn R Bar.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Martin Marietta Materials' stock price today?

One share of MLM stock can currently be purchased for approximately $406.56.

How much money does Martin Marietta Materials make?

Martin Marietta Materials (NYSE:MLM) has a market capitalization of $25.19 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.

How many employees does Martin Marietta Materials have?

The company employs 9,400 workers across the globe.

How can I contact Martin Marietta Materials?

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.

This page (NYSE:MLM) was last updated on 9/22/2023 by MarketBeat.com Staff

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