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 4 hold ratings and 9 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 analysts have issued 12-month price objectives for Martin Marietta Materials' stock. Their MLM share price forecasts range from $350.00 to $450.00. On average, they anticipate the company's stock price to reach $404.50 in the next twelve months. This suggests a possible upside of 15.3% from the stock's current price.
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Martin Marietta Materials' stock was trading at $337.97 at the beginning of 2023. Since then, MLM stock has increased by 3.8% and is now trading at $350.79.
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Martin Marietta Materials saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 867,700 shares, a decrease of 23.2% from the February 13th total of 1,130,000 shares. Based on an average daily volume of 366,000 shares, the short-interest ratio is currently 2.4 days. Approximately 1.4% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Martin Marietta Materials, Inc. (NYSE:MLM) announced its earnings results on Wednesday, February, 15th. The construction company reported $3.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.03 by $0.01. The construction company earned $1.48 billion during the quarter, compared to analysts' expectations of $1.53 billion. Martin Marietta Materials had a trailing twelve-month return on equity of 11.03% and a net margin of 14.07%. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted $3.15 EPS.
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Martin Marietta Materials declared a quarterly dividend on Thursday, February 23rd. Investors of record on Monday, March 6th will be paid a dividend of $0.66 per share on Friday, March 31st. This represents a $2.64 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, March 3rd.
Read our dividend analysis for MLM.

ETFs with the largest weight of Martin Marietta Materials (NYSE:MLM) stock in their portfolio include 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), ClearBridge Focus Value ESG ETF (CFCV), Vanguard Materials ETF (VAW), Fidelity MSCI Materials Index ETF (FMAT) and ProShares Ultra Materials (UYM).

Martin Marietta Materials (NYSE:MLM) pays an annual dividend of $2.64 per share and currently has a dividend yield of 0.78%. 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 19.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MLM will have a dividend payout ratio of 15.49% 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 Wednesday, February, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $6.18 billion-$6.37 billion, compared to the consensus revenue estimate of $6.32 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 Select Equity Group L.P. (5.82%), Aristotle Capital Management LLC (5.32%), Baillie Gifford & Co. (5.07%), CIBC Private Wealth Group LLC (3.64%), JPMorgan Chase & Co. (3.48%) and T. Rowe Price Investment Management Inc. (2.85%). Insiders that own company stock include C Howard Nye, John J Koraleski, 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 $350.79.

Martin Marietta Materials (NYSE:MLM) has a market capitalization of $21.78 billion and generates $6.16 billion in revenue each year. The construction company earns $866.80 million in net income (profit) each year or $13.88 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.