S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
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Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT? (Ad)
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Closing prices for crude oil, gold and other commodities
Is Gold Really Boring? (Ad)
Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Beyond Meat's shares soar on better-than-expected Q4 revenue despite weak US sales
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
3 lithium stocks to ride a multi-year cycle
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT? (Ad)
Goldman upgraded Nvidia stock, one metric says it could go higher
Autozone stock price is still in the rally zone
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT? (Ad)
New highs are coming for Lowe’s stock despite mixed results
Closing prices for crude oil, gold and other commodities
Is Gold Really Boring? (Ad)
Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Beyond Meat's shares soar on better-than-expected Q4 revenue despite weak US sales
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
3 lithium stocks to ride a multi-year cycle
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT? (Ad)
Goldman upgraded Nvidia stock, one metric says it could go higher
Autozone stock price is still in the rally zone
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT? (Ad)
New highs are coming for Lowe’s stock despite mixed results
Closing prices for crude oil, gold and other commodities
Is Gold Really Boring? (Ad)
Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Beyond Meat's shares soar on better-than-expected Q4 revenue despite weak US sales
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
3 lithium stocks to ride a multi-year cycle
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT? (Ad)
Goldman upgraded Nvidia stock, one metric says it could go higher
Autozone stock price is still in the rally zone
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT? (Ad)
New highs are coming for Lowe’s stock despite mixed results
Closing prices for crude oil, gold and other commodities
Is Gold Really Boring? (Ad)
Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Beyond Meat's shares soar on better-than-expected Q4 revenue despite weak US sales

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

$559.13
+5.82 (+1.05%)
(As of 02/27/2024 ET)
Today's Range
$551.76
$559.14
50-Day Range
$482.00
$559.13
52-Week Range
$317.94
$559.20
Volume
358,618 shs
Average Volume
385,104 shs
Market Capitalization
$34.57 billion
P/E Ratio
29.69
Dividend Yield
0.53%
Price Target
$559.46

Martin Marietta Materials MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
0.1% Upside
$559.46 Price Target
Short Interest
Healthy
0.84% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.65
Upright™ Environmental Score
News Sentiment
0.75mentions of Martin Marietta Materials in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$936,960 Sold Last Quarter
Proj. Earnings Growth
10.15%
From $21.09 to $23.23 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.36 out of 5 stars

Construction Sector

18th out of 98 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

1st out of 17 stocks


MLM stock logo

About Martin Marietta Materials Stock (NYSE:MLM)

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 Stock Price History

MLM Stock News Headlines

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Martin Marietta Materials (NYSE:MLM) Upgraded by HSBC to "Hold"
Martin Marietta Declares Quarterly Cash Dividend
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Martin Marietta dives into M&A in 2024
The Latest Analyst Ratings For Martin Marietta Materials
Q4 2023 Martin Marietta Materials Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
11/30/2023
Dividend Payable
12/29/2023
Last Earnings
2/14/2024
Today
2/28/2024
Ex-Dividend for 3/28 Dividend
3/01/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

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 Target
$559.46
High Stock Price Target
$642.00
Low Stock Price Target
$465.00
Potential Upside/Downside
+0.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
12 Analysts

Profitability

Net Income
$1.17 billion
Pretax Margin
22.03%

Debt

Sales & Book Value

Annual Sales
$6.78 billion
Cash Flow
$28.24 per share
Book Value
$130.01 per share

Miscellaneous

Free Float
61,442,000
Market Cap
$34.56 billion
Optionable
Optionable
Beta
0.94

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Key Executives















MLM Stock Analysis - Frequently Asked Questions

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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last twelve months. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

12 analysts have issued 1 year price objectives for Martin Marietta Materials' shares. Their MLM share price targets range from $465.00 to $642.00. On average, they expect the company's share price to reach $559.46 in the next year. This suggests a possible upside of 0.1% 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 2024?

Martin Marietta Materials' stock was trading at $498.91 at the beginning of the year. Since then, MLM shares have increased by 12.1% and is now trading at $559.13.
View the best growth stocks for 2024 here
.

Are investors shorting Martin Marietta Materials?

Martin Marietta Materials saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 678,900 shares, a decrease of 6.5% from the December 31st total of 725,900 shares. Based on an average daily volume of 327,100 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.1% of the company's stock are sold short.
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 Thursday, May 2nd 2024.
View our MLM earnings forecast
.

How were Martin Marietta Materials' earnings last quarter?

Martin Marietta Materials, Inc. (NYSE:MLM) announced its earnings results on Wednesday, February, 14th. The construction company reported $4.63 earnings per share for the quarter, topping analysts' consensus estimates of $3.96 by $0.67. The construction company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. Martin Marietta Materials had a net margin of 17.25% and a trailing twelve-month return on equity of 15.77%. Martin Marietta Materials's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.04 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, February 22nd. Shareholders of record on Monday, March 4th will be given a dividend of $0.74 per share on Thursday, March 28th. This represents a $2.96 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Friday, March 1st.
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 0.54%. 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 15.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MLM will have a dividend payout ratio of 12.74% 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 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.7 billion-$7.2 billion, compared to the consensus revenue estimate of $7.3 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).

Who are Martin Marietta Materials' major shareholders?

Martin Marietta Materials' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.60%), Baillie Gifford & Co. (4.26%), Principal Financial Group Inc. (1.55%), Goldman Sachs Group Inc. (1.49%), CIBC Private Wealth Group LLC (1.40%) and King Luther Capital Management Corp (1.11%). Insiders that own company stock include C Howard Nye, Craig M Latorre, John P Mohr and Sue W Cole.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MLM) was last updated on 2/28/2024 by MarketBeat.com Staff