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NYSE:MLM

Martin Marietta Materials - MLM Stock Forecast, Price & News

$368.92
-2.65 (-0.71%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$365.11
$369.28
50-Day Range
$296.05
$371.57
52-Week Range
$284.99
$446.46
Volume
284,111 shs
Average Volume
465,433 shs
Market Capitalization
$23.01 billion
P/E Ratio
28.89
Dividend Yield
0.66%
Price Target
$414.60

Martin Marietta Materials MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
12.4% 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
0.59mentions 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.

2.59 out of 5 stars

Construction Sector

17th out of 103 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

2nd 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 Stock Up 0.8 %

Shares of MLM traded up $2.82 during midday trading on Tuesday, reaching $371.57. 211,386 shares of the stock were exchanged, compared to its average volume of 466,594. The company has a market cap of $23.17 billion, a price-to-earnings ratio of 29.10, a P/E/G ratio of 1.83 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 has a 12-month low of $284.99 and a 12-month high of $446.46. The firm has a 50 day simple moving average of $325.86 and a 200-day simple moving average of $351.66.

Martin Marietta Materials (NYSE:MLM - Get Rating) last issued its quarterly earnings data 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). The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.59 billion. Martin Marietta Materials had a net margin of 13.49% and a return on equity of 11.28%. Martin Marietta Materials's revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.81 EPS. Research analysts forecast that Martin Marietta Materials will post 13.28 EPS for the current year.

Martin Marietta Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 1st will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.71%. This is an increase from Martin Marietta Materials's previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, August 31st. Martin Marietta Materials's dividend payout ratio is presently 19.11%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MLM shares. Morgan Stanley increased their price target on Martin Marietta Materials from $394.00 to $420.00 and gave the company an "overweight" rating in a research report on Monday, August 1st. TheStreet upgraded shares of Martin Marietta Materials from a "c+" rating to a "b-" rating in a report on Wednesday, August 10th. JPMorgan Chase & Co. upgraded shares of Martin Marietta Materials from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $420.00 to $410.00 in a research report on Friday, June 3rd. Truist Financial lowered their price objective on shares of Martin Marietta Materials to $392.00 in a research report on Tuesday, July 5th. Finally, DA Davidson reduced their target price on Martin Marietta Materials from $450.00 to $375.00 and set a "buy" rating for the company in a report on Friday, July 1st. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $414.60.

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MLM Stock News Headlines

Martin Marietta Materials (NYSE:MLM) Lifted to B- at TheStreet
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Martin Marietta Materials: Solid Growth Prospects
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
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
8/17/2022
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
+12.4%
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
$19.58 per share
Book Value
$108.59 per share

Miscellaneous

Free Float
61,997,000
Market Cap
$23.01 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 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 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 analysts have issued 12 month 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 11.6% 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 the year. Since then, MLM stock has decreased by 15.7% and is now trading at $371.57.
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 volume of 472,600 shares, the short-interest ratio is presently 2.8 days. Currently, 2.2% of the shares of the stock 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 quarterly earnings data on Thursday, July, 28th. The construction company reported $3.96 earnings per share (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 the consensus estimate of $1.59 billion. Martin Marietta Materials had a trailing twelve-month return on equity of 11.28% and a net margin of 13.49%. The company's revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the company posted $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 Wednesday, August 10th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.66 per share on Friday, September 30th. This represents a $2.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, August 31st. This is a boost from the stock's previous quarterly dividend of $0.61.
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 0.66%. 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 19.11%. 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 updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) 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 a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (5.77%), State Street Corp (4.16%), JPMorgan Chase & Co. (3.98%), Price T Rowe Associates Inc. MD (3.31%), Gardner Russo & Quinn LLC (1.73%) and Principal Financial Group Inc. (1.64%). 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 $371.57.

How much money does Martin Marietta Materials make?

Martin Marietta Materials (NYSE:MLM) has a market capitalization of $23.17 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 8/17/2022 by MarketBeat.com Staff

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