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

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.
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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.

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.
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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.

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) 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.
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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.

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 0.70%. 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.

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.

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."

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.
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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 $406.56.

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.

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.