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NYSE:MLM

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

$599.11
-0.13 (-0.02%)
(As of 12:32 PM ET)
Today's Range
$591.97
$601.90
50-Day Range
$508.53
$621.89
52-Week Range
$343.79
$626.67
Volume
108,138 shs
Average Volume
395,999 shs
Market Capitalization
$37.04 billion
P/E Ratio
31.82
Dividend Yield
0.49%
Price Target
$581.38

Martin Marietta Materials MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
1.7% Downside
$588.69 Price Target
Short Interest
Healthy
1.42% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.65
Upright™ Environmental Score
News Sentiment
0.73mentions of Martin Marietta Materials in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$16.03 M Sold Last Quarter
Proj. Earnings Growth
10.48%
From $21.09 to $23.30 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.

4.50 out of 5 stars

Basic Materials Sector

30th out of 169 stocks

Building Materials Industry

1st out of 2 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. The company was founded in 1939 and is headquartered in Raleigh, North Carolina.

MLM Stock Price History

MLM Stock News Headlines

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Forget Nvidia, Microsoft or Google. Our tech expert and venture capitalist Luke Lango believes this is Elon Musk’s favorite A.I. stock. Why? Because this company is supplying Elon Musk with a key piece of advanced tech for his new A.I. venture.
Forget Nvidia, buy this A.I. Stock Now
Forget Nvidia, Microsoft or Google. Our tech expert and venture capitalist Luke Lango believes this is Elon Musk’s favorite A.I. stock. Why? Because this company is supplying Elon Musk with a key piece of advanced tech for his new A.I. venture.
What 8 Analyst Ratings Have To Say About Martin Marietta Materials
Guru Fundamental Report for MLM
See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Ex-Dividend for 3/28 Dividend
3/01/2024
Dividend Payable
3/28/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

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 Target
$588.69
High Stock Price Target
$737.00
Low Stock Price Target
$465.00
Potential Upside/Downside
-2.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Net Income
$1.17 billion
Pretax Margin
22.03%

Debt

Sales & Book Value

Annual Sales
$6.78 billion
Cash Flow
$27.52 per share
Book Value
$130.01 per share

Miscellaneous

Free Float
61,457,000
Market Cap
$36.96 billion
Optionable
Optionable
Beta
0.96

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Key Executives

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

Pros

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

  • Martin Marietta Materials has a strong dividend yield of 0.50%, providing investors with a steady income stream.
  • The company's dividend payout ratio is currently low at 15.72%, indicating that it has room for potential dividend growth.
  • Institutional investors like Vanguard Group Inc. and State Street Corp. have been increasing their stakes in the company, showing confidence in its future performance.
  • Wall Street analysts have given the stock positive ratings, with an average target price of $559.46, suggesting potential price appreciation.
  • The company's focus on supplying essential building materials for infrastructure projects and construction markets positions it well for long-term growth.

Cons

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

  • The stock price may be influenced by market volatility and economic conditions, impacting short-term returns.
  • Competition in the construction materials industry could affect the company's market share and profitability.
  • Any changes in government infrastructure spending policies could impact the demand for Martin Marietta Materials' products.
  • Fluctuations in raw material prices, such as sand and gravel, could affect the company's production costs and margins.
  • Investors should consider the cyclical nature of the construction industry, which may impact the company's revenue during economic downturns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 6, 2024. Please send any questions or comments about these Martin Marietta Materials pros and cons to contact@marketbeat.com.

MLM Stock Analysis - Frequently Asked Questions

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

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last year. There are currently 3 hold ratings and 10 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?

13 brokerages have issued 12 month target prices for Martin Marietta Materials' stock. Their MLM share price targets range from $465.00 to $737.00. On average, they expect the company's stock price to reach $588.69 in the next year. This suggests that the stock has a possible downside of 1.7%.
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 on January 1st, 2024. Since then, MLM shares have increased by 20.0% and is now trading at $598.68.
View the best growth stocks for 2024 here
.

Are investors shorting Martin Marietta Materials?

Martin Marietta Materials saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 932,300 shares, an increase of 68.5% from the February 29th total of 553,300 shares. Based on an average trading volume of 383,600 shares, the short-interest ratio is currently 2.4 days. Currently, 1.5% 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 Tuesday, April 30th 2024.
View our MLM earnings forecast
.

How can I listen to Martin Marietta Materials' earnings call?

Martin Marietta Materials will be holding an earnings conference call on Tuesday, April 30th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Martin Marietta Materials' earnings last quarter?

Martin Marietta Materials, Inc. (NYSE:MLM) announced its quarterly earnings data on Wednesday, February, 14th. The construction company reported $4.63 EPS for the quarter, topping analysts' consensus estimates of $3.96 by $0.67. The construction company earned $1.61 billion during the quarter, compared to the consensus estimate 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%. The business's revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.04 earnings per share.
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 announced a quarterly dividend on Thursday, February 22nd. Investors 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 dividend yield of 0.49%. 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 0.49%. 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 12.70% 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 EPS 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 a number of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.40%), Gateway Investment Advisers LLC (0.09%), Confluence Investment Management LLC (0.06%), Global Assets Advisory LLC (0.06%), Douglas Lane & Associates LLC (0.06%) and Czech National Bank (0.02%). Insiders that own company stock include C Howard Nye, Craig M Latorre, John P Mohr, Roselyn R Bar 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 4/16/2024 by MarketBeat.com Staff

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