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NYSE:MLM

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

$412.77
+2.29 (+0.56%)
(As of 10:45 AM ET)
Compare
Today's Range
$408.07
$415.68
50-Day Range
$406.38
$462.24
52-Week Range
$298.32
$463.41
Volume
54,008 shs
Average Volume
379,352 shs
Market Capitalization
$25.58 billion
P/E Ratio
27.08
Dividend Yield
0.72%
Price Target
$469.21

Martin Marietta Materials MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
14.3% Upside
$469.21 Price Target
Short Interest
Healthy
0.88% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.65
Upright™ Environmental Score
News Sentiment
1.32mentions of Martin Marietta Materials in the last 14 days
Based on 7 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.

2.82 out of 5 stars

Construction Sector

14th out of 102 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

2nd out of 18 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

Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
Here’s How Martin Marietta Materials (MLM) Performed in Q2
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
See More Headlines
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MLM Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 9/29 Dividend
8/31/2023
Dividend Payable
9/29/2023
Today
10/02/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Building Materials
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
+14.3%
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
$20.30 per share
Book Value
$115.52 per share

Miscellaneous

Free Float
61,591,000
Market Cap
$25.44 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 year. 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 analysts have issued 1 year price objectives for Martin Marietta Materials' shares. Their MLM share price forecasts range from $350.00 to $550.00. On average, they predict the company's stock price to reach $469.21 in the next year. This suggests a possible upside of 14.3% 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 at the start of the year. Since then, MLM stock has increased by 21.5% and is now trading at $410.48.
View the best growth stocks for 2023 here
.

Are investors shorting Martin Marietta Materials?

Martin Marietta Materials saw a decrease in short interest in 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 currently 1.4 days. Approximately 0.9% 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) 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 earned $1.82 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business earned $3.96 EPS.
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 declared a quarterly dividend on Thursday, August 10th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.74 per share on Friday, September 29th. This represents a $2.96 annualized dividend and a dividend yield of 0.72%. 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
.

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 0.72%. 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.

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

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.

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."

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 $410.48.

How much money does Martin Marietta Materials make?

Martin Marietta Materials (NYSE:MLM) has a market capitalization of $25.44 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 10/2/2023 by MarketBeat.com Staff

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