Martin Marietta Materials - MLM Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MLM shares.
View MLM analyst ratings or view top-rated stocks.

13 Wall Street analysts have issued twelve-month price objectives for Martin Marietta Materials' stock. Their MLM share price forecasts range from $350.00 to $450.00. On average, they predict the company's share price to reach $404.50 in the next twelve months. This suggests a possible upside of 20.1% 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 stock has decreased by 0.3% and is now trading at $336.83.
View the best growth stocks for 2023 here.

Martin Marietta Materials saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 867,700 shares, a drop of 23.2% from the February 13th total of 1,130,000 shares. Based on an average trading 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.
View Martin Marietta Materials' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our MLM earnings forecast.

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 had revenue of $1.48 billion for the quarter, compared to analyst estimates 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 was down 1.3% on a year-over-year basis. During the same period last year, the business earned $3.15 EPS.
Read the conference call transcript.

Martin Marietta Materials announced a quarterly dividend on Thursday, February 23rd. Stockholders 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 annualized dividend and a yield of 0.78%. The ex-dividend date 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 0.79%. 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 earnings per share 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 number of institutional and retail 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.
View institutional ownership trends.

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.

One share of MLM stock can currently be purchased for approximately $336.83.

Martin Marietta Materials (NYSE:MLM) has a market capitalization of $20.92 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.