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NYSE:MLM

Martin Marietta Materials - MLM Stock Forecast, Price & News

$365.95
+1.07 (+0.29%)
(As of 08/12/2022 10:20 AM ET)
Add
Compare
Today's Range
$365.22
$368.72
50-Day Range
$296.05
$365.34
52-Week Range
$284.99
$446.46
Volume
985 shs
Average Volume
407,335 shs
Market Capitalization
$22.82 billion
P/E Ratio
28.66
Dividend Yield
0.67%
Price Target
$414.60

Martin Marietta Materials MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.6% Upside
$414.60 Price Target
Short Interest
Healthy
2.15% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.65
Upright™ Environmental Score
News Sentiment
0.32mentions of Martin Marietta Materials in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
26.05%
From $13.28 to $16.74 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.52 out of 5 stars

Construction Sector

22nd out of 105 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

3rd out of 15 stocks

MLM stock logo

About Martin Marietta Materials (NYSE:MLM) Stock

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 that are used in industrial, agricultural, and environmental applications; and dolomitic lime primarily to customers for steel production and soil stabilization. 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.

Martin Marietta Materials Price Performance

MLM traded down $0.46 during trading on Thursday, reaching $364.88. 331,201 shares of the company were exchanged, compared to its average volume of 469,770. The company's 50-day moving average is $324.20 and its two-hundred day moving average is $352.00. Martin Marietta Materials has a 12-month low of $284.99 and a 12-month high of $446.46. The company has a market cap of $22.76 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 1.75 and a beta of 0.88. The company has a quick ratio of 2.53, a current ratio of 3.63 and a debt-to-equity ratio of 0.74.

Martin Marietta Materials (NYSE:MLM - Get Rating) last released its quarterly earnings results on Thursday, July 28th. The construction company reported $3.96 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.13). Martin Marietta Materials had a net margin of 13.49% and a return on equity of 11.28%. The business had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same period in the previous year, the business earned $3.81 EPS. The business's revenue was up 19.1% on a year-over-year basis. Research analysts forecast that Martin Marietta Materials will post 13.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MLM shares. DA Davidson cut their target price on shares of Martin Marietta Materials from $450.00 to $375.00 and set a "buy" rating on the stock in a research report on Friday, July 1st. Truist Financial cut their price target on shares of Martin Marietta Materials to $392.00 in a research report on Tuesday, July 5th. Wolfe Research upgraded shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and cut their price target for the company from $406.00 to $384.00 in a research report on Thursday, July 14th. Morgan Stanley increased their price target on shares of Martin Marietta Materials from $394.00 to $420.00 and gave the company an "overweight" rating in a research report on Monday, August 1st. Finally, StockNews.com upgraded shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a research report on Monday, August 1st. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Martin Marietta Materials has a consensus rating of "Moderate Buy" and an average price target of $414.60.

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MLM Stock News Headlines

Martin Marietta Materials: Solid Growth Prospects
Martin Marietta Reports Second-Quarter 2022 Results
S&P 500 Analyst Moves: MLM
Analyst Ratings for Martin Marietta Materials
Martin Marietta Can Climb Higher From Here
See More Headlines
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MLM Company Calendar

Ex-Dividend for 6/30 Dividend
5/31/2022
Dividend Payable
6/30/2022
Last Earnings
7/28/2022
Today
8/12/2022
Ex-Dividend for 9/30 Dividend
8/31/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
Construction Materials
CUSIP
57328410
Employees
10,000
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$414.60
High Stock Price Forecast
$475.00
Low Stock Price Forecast
$375.00
Forecasted Upside/Downside
+13.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
10 Analysts

Profitability

Net Income
$702.50 million
Pretax Margin
16.43%

Debt

Sales & Book Value

Annual Sales
$5.41 billion
Cash Flow
$19.60 per share
Book Value
$108.59 per share

Miscellaneous

Free Float
61,997,000
Market Cap
$22.82 billion
Optionable
Optionable
Beta
0.88

Social Links















MLM Stock - Frequently Asked Questions

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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last year. There are currently 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MLM shares.
View MLM analyst ratings
or view top-rated stocks.

What is Martin Marietta Materials' stock price forecast for 2022?

10 Wall Street analysts have issued 1-year price targets for Martin Marietta Materials' shares. Their MLM share price forecasts range from $375.00 to $475.00. On average, they expect the company's share price to reach $414.60 in the next year. This suggests a possible upside of 13.6% from the stock's current price.
View analysts price targets for MLM
or view top-rated stocks among Wall Street analysts.

How have MLM shares performed in 2022?

Martin Marietta Materials' stock was trading at $440.52 at the beginning of 2022. Since then, MLM shares have decreased by 17.2% and is now trading at $364.88.
View the best growth stocks for 2022 here
.

Are investors shorting Martin Marietta Materials?

Martin Marietta Materials saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,330,000 shares, a decline of 20.8% from the July 15th total of 1,680,000 shares. Based on an average daily trading volume, of 472,600 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.2% of the company's shares 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, November 1st 2022.
View our MLM earnings forecast
.

How were Martin Marietta Materials' earnings last quarter?

Martin Marietta Materials, Inc. (NYSE:MLM) announced its earnings results on Thursday, July, 28th. The construction company reported $3.96 EPS for the quarter, missing the consensus estimate of $4.09 by $0.13. The construction company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.59 billion. Martin Marietta Materials had a net margin of 13.49% and a trailing twelve-month return on equity of 11.28%. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.81 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, May 12th. Shareholders of record on Wednesday, June 1st will be paid a dividend of $0.61 per share on Thursday, June 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, May 31st.
Read our dividend analysis for MLM
.

Is Martin Marietta Materials a good dividend stock?

Martin Marietta Materials (NYSE:MLM) pays an annual dividend of $2.44 per share and currently has a dividend yield of 0.67%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 19.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MLM will have a dividend payout ratio of 14.58% 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 issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $5.77 billion-$5.91 billion, compared to the consensus revenue estimate of $5.86 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).

What is Martin Marietta Materials' stock symbol?

Martin Marietta Materials trades on the New York Stock Exchange (NYSE) under the ticker symbol "MLM."

Who are Martin Marietta Materials' major shareholders?

Martin Marietta Materials' stock is owned by many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (5.77%), JPMorgan Chase & Co. (3.98%), Gardner Russo & Quinn LLC (1.73%), Principal Financial Group Inc. (1.64%), CIBC Private Wealth Group LLC (1.55%) and Ceredex Value Advisors LLC (0.66%). Insiders that own company stock include C Howard Nye, John J Koraleski, John P Mohr, John P Mohr, Roselyn R Bar, Stephen P Zelnak Jr 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Martin Marietta Materials' stock price today?

One share of MLM stock can currently be purchased for approximately $364.88.

How much money does Martin Marietta Materials make?

Martin Marietta Materials (NYSE:MLM) has a market capitalization of $22.76 billion and generates $5.41 billion in revenue each year. The construction company earns $702.50 million in net income (profit) each year or $12.77 on an earnings per share basis.

How many employees does Martin Marietta Materials have?

The company employs 10,000 workers across the globe.

When was Martin Marietta Materials founded?

Martin Marietta Materials was founded in 1993.

How can I contact Martin Marietta Materials?

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.

This page (NYSE:MLM) was last updated on 8/12/2022 by MarketBeat.com Staff

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