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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last twelve months. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MLM shares.
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13 Wall Street research analysts have issued 12-month price targets for Martin Marietta Materials' shares. Their MLM share price forecasts range from $350.00 to $475.00. On average, they predict the company's stock price to reach $412.75 in the next year. This suggests that the stock has a possible downside of 3.0%.
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Martin Marietta Materials' stock was trading at $337.97 at the start of the year. Since then, MLM shares have increased by 25.9% and is now trading at $425.51.
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Martin Marietta Materials saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 611,000 shares, a decrease of 24.0% from the April 30th total of 803,900 shares. Based on an average trading volume of 358,800 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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Martin Marietta Materials, Inc. (NYSE:MLM) posted its quarterly earnings results on Thursday, May, 4th. The construction company reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $1.17. The construction company earned $1.35 billion during the quarter, compared to analysts' expectations of $1.27 billion. Martin Marietta Materials had a trailing twelve-month return on equity of 12.31% and a net margin of 15.39%. Martin Marietta Materials's revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS.
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Martin Marietta Materials declared a quarterly dividend on Thursday, May 11th. Investors of record on Thursday, June 1st will be given a dividend of $0.66 per share on Friday, June 30th. This represents a $2.64 annualized dividend and a yield of 0.62%. The ex-dividend date is Wednesday, May 31st.
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 S&P 500 Equal Weight Materials ETF (RTM), Materials Select Sector SPDR Fund (XLB), Global X U.S. Infrastructure Development ETF (PAVE), Nuveen ESG Mid-Cap Value ETF (NUMV), Alger 35 ETF (ATFV), ClearBridge Focus Value ESG ETF (CFCV) and Vanguard Materials ETF (VAW).

Martin Marietta Materials (NYSE:MLM) pays an annual dividend of $2.64 per share and currently has a dividend yield of 0.63%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 17.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MLM will have a dividend payout ratio of 14.51% 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, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.60 billion-$6.82 billion, compared to the consensus revenue estimate of $6.35 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (6.46%), Select Equity Group L.P. (5.47%), Aristotle Capital Management LLC (5.23%), Baillie Gifford & Co. (4.66%), State Street Corp (4.05%) and JPMorgan Chase & Co. (3.01%). Insiders that own company stock include C Howard Nye, John P Mohr, Roselyn R Bar, Stephen P Zelnak Jr and Sue W Cole.
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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 $425.51.

Martin Marietta Materials (NYSE:MLM) has a market capitalization of $26.37 billion and generates $6.16 billion in revenue each year. The construction company earns $866.80 million in net income (profit) each year or $15.49 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.