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

$464.17
+3.69 (+0.80%)
(As of 02:45 PM ET)
Compare
Today's Range
$458.58
$464.92
50-Day Range
$397.86
$467.35
52-Week Range
$317.94
$472.09
Volume
98,669 shs
Average Volume
377,689 shs
Market Capitalization
$28.69 billion
P/E Ratio
26.94
Dividend Yield
0.64%
Price Target
$471.79

Martin Marietta Materials MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
2.0% Upside
$471.79 Price Target
Short Interest
Healthy
1.12% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.65
Upright™ Environmental Score
News Sentiment
1.13mentions of Martin Marietta Materials in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.80%
From $18.33 to $20.86 Per Share

Overall MarketRank

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

1.89 out of 5 stars

Construction Sector

58th out of 80 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

10th out of 14 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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Here's Why Martin Marietta (MLM) is a Strong Growth Stock
Should You Hold Martin Marietta (MLM)?
Here's Why Martin Marietta (MLM) is a Strong Value Stock
Martin Marietta Materials, Inc. Q3 Income Advances
Martin Marietta Reports Third-Quarter 2023 Results
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
8/31/2023
Dividend Payable
9/29/2023
Last Earnings
11/01/2023
Ex-Dividend for 12/29 Dividend
11/30/2023
Today
12/07/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024

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
$471.79
High Stock Price Target
$550.00
Low Stock Price Target
$350.00
Potential Upside/Downside
+2.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
15 Analysts

Profitability

Net Income
$866.80 million
Pretax Margin
20.81%

Debt

Sales & Book Value

Annual Sales
$6.65 billion
Cash Flow
$20.10 per share
Book Value
$115.52 per share

Miscellaneous

Free Float
61,442,000
Market Cap
$28.59 billion
Optionable
Optionable
Beta
0.93

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Key Executives

Should I Buy Martin Marietta Materials Stock? MLM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Martin Marietta Materials was last updated on Tuesday, November 28, 2023 at 11:55 AM.

Pros

Here are some ways that investors could benefit from investing in Martin Marietta Materials, Inc.:

  • Strong presence in the construction industry, both in the United States and internationally, providing a wide customer base and potential for growth.
  • Diverse product portfolio, including crushed stone, sand, gravel, ready mixed concrete, asphalt, and cement, catering to various infrastructure projects and construction markets.
  • Opportunities in nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries, offering potential for revenue diversification.
  • Production of magnesia-based chemicals products used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications, tapping into additional revenue streams.
  • Recent positive developments and financial performance, including the current stock price, indicating potential for favorable returns on investment.

Cons

Investors should be bearish about investing in Martin Marietta Materials, Inc. for these reasons:

  • Dependency on the construction industry, which is subject to economic cycles and fluctuations, posing risks to revenue and profitability.
  • Competition from other players in the construction materials market, potentially impacting market share and pricing power.
  • Regulatory and environmental challenges in the industry, such as compliance with environmental regulations and obtaining necessary permits, which could increase costs and affect operations.
  • Exposure to raw material price volatility, particularly for aggregates and heavy-side building materials, which could impact profit margins.
  • Uncertainty in global economic conditions and geopolitical factors, which may affect demand for construction materials and infrastructure projects.














MLM Stock Analysis - Frequently Asked Questions

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

15 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, 3 hold ratings and 11 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 target for 2024?

15 equities research analysts have issued 1 year target prices for Martin Marietta Materials' stock. Their MLM share price targets range from $350.00 to $550.00. On average, they expect the company's stock price to reach $471.79 in the next year. This suggests a possible upside of 2.0% 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 stock has increased by 36.9% and is now trading at $462.59.
View the best growth stocks for 2023 here
.

When is Martin Marietta Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our MLM earnings forecast
.

How were Martin Marietta Materials' earnings last quarter?

Martin Marietta Materials, Inc. (NYSE:MLM) issued its earnings results on Wednesday, November, 1st. The construction company reported $6.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.04 by $0.90. The construction company earned $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Martin Marietta Materials had a trailing twelve-month return on equity of 14.89% and a net margin of 16.10%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.69 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 Friday, November 10th. Investors of record on Friday, December 1st will be given a dividend of $0.74 per share on Friday, December 29th. This represents a $2.96 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Thursday, November 30th.
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 0.63%. 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 17.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MLM will have a dividend payout ratio of 14.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MLM.

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 a variety of retail and institutional investors. Top institutional investors include Aristotle Capital Management LLC (5.03%), Baillie Gifford & Co. (4.47%), JPMorgan Chase & Co. (3.30%), FMR LLC (2.97%), Principal Financial Group Inc. (1.55%) and Morgan Stanley (1.21%). Insiders that own company stock include C Howard Nye, Craig M Latorre and John P Mohr.
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.

This page (NYSE:MLM) was last updated on 12/7/2023 by MarketBeat.com Staff

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