Martin Marietta Materials Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last year. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Martin Marietta Materials stock.
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10 Wall Street analysts have issued 12 month price targets for Martin Marietta Materials' shares. Their MLM stock forecasts range from $375.00 to $525.00. On average, they expect Martin Marietta Materials' share price to reach $438.30 in the next twelve months. This suggests a possible upside of 48.0% from the stock's current price.
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Martin Marietta Materials' stock was trading at $440.52 at the start of the year. Since then, MLM stock has decreased by 32.8% and is now trading at $296.05.
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Martin Marietta Materials saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,200,000 shares, a decrease of 24.1% from the May 31st total of 1,580,000 shares. Based on an average daily trading volume, of 459,100 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.9% of the shares of the stock are short sold.
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Martin Marietta Materials is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Martin Marietta Materials, Inc. (NYSE:MLM) released its quarterly earnings data on Tuesday, May, 3rd. The construction company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.71 by $0.32. The construction company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.13 billion. Martin Marietta Materials had a net margin of 11.63% and a trailing twelve-month return on equity of 11.42%. The firm's revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the business earned $1.04 EPS.
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Martin Marietta Materials declared a quarterly dividend on Thursday, May 12th. Shareholders of record on Wednesday, June 1st will be given a dividend of $0.61 per share on Thursday, June 30th. This represents a $2.44 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, May 31st.
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Martin Marietta Materials(NYSE:MLM) pays an annual dividend of $2.44 per share and currently has a dividend yield of 0.82%. Martin Marietta Materials 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 of Martin Marietta Materials is 23.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Martin Marietta Materials will have a dividend payout ratio of 13.92% next year. This indicates that Martin Marietta Materials will be able to sustain or increase its dividend.
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Martin Marietta Materials updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $5.64 billion-$5.82 billion, compared to the consensus revenue estimate of $5.72 billion.

125 employees have rated Martin Marietta Materials CEO C. Howard Nye on Glassdoor.com. C. Howard Nye has an approval rating of 84% among Martin Marietta Materials' employees.

Some companies that are related to Martin Marietta Materials include Sociedad Química y Minera de Chile (SQM), Vulcan Materials (VMC), Teck Resources (TECK), MDU Resources Group (MDU), Lynas Rare Earths (LYSDY), Summit Materials (SUM), Hecla Mining (HL), Compass Minerals International (CMP), U.S. Silica (SLCA), Energy Fuels (UUUU), Energy Fuels (UUUU), Piedmont Lithium (PLL), Intrepid Potash (IPI), United States Lime & Minerals (USLM) and 5E Advanced Materials (FEAM).
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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 institutional and retail investors. Top institutional shareholders include Insight Wealth Strategies LLC (0.00%). Company insiders that own Martin Marietta Materials 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 for Martin Marietta Materials.

MLM stock was sold by a variety of institutional investors in the last quarter, including Insight Wealth Strategies LLC. Company insiders that have sold Martin Marietta Materials company stock in the last two years include C Howard Nye, John P Mohr, Roselyn R Bar, and Sue W Cole.
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Shares of MLM 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 $296.05.

Martin Marietta Materials (NYSE:MLM) has a market capitalization of $18.46 billion and generates $5.41 billion in revenue each year. The construction company earns $702.50 million in net income (profit) each year or $10.519990 on an earnings per share basis.

Martin Marietta Materials employs 10,000 workers across the globe.

Martin Marietta Materials was founded in 1993.

Martin Marietta Materials' mailing address is 2710 WYCLIFF ROAD, RALEIGH NC, 27607. The official website for Martin Marietta Materials is www.martinmarietta.com. The construction company can be reached via phone at (919) 781-4550, via email at [email protected], or via fax at 919-783-4535.