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"Prepare for Five Years of Famine" (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
"Prepare for Five Years of Famine" (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
"Prepare for Five Years of Famine" (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
"Prepare for Five Years of Famine" (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
"Prepare for Five Years of Famine" (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
"Prepare for Five Years of Famine" (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
"Prepare for Five Years of Famine" (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
"Prepare for Five Years of Famine" (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
"Prepare for Five Years of Famine" (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
"Prepare for Five Years of Famine" (Ad)
NYSE:MLM

Martin Marietta Materials - MLM Stock Forecast, Price & News

$353.81
+0.59 (+0.17%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$348.18
$354.04
50-Day Range
$296.05
$359.98
52-Week Range
$284.99
$446.46
Volume
286,224 shs
Average Volume
471,629 shs
Market Capitalization
$22.07 billion
P/E Ratio
27.71
Dividend Yield
0.69%
Price Target
$418.10

Martin Marietta Materials MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
17.2% Upside
$414.60 Price Target
Short Interest
Healthy
2.71% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.65
Upright™ Environmental Score
News Sentiment
0.23mentions of Martin Marietta Materials in the last 14 days
Based on 12 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.

2.31 out of 5 stars

Construction Sector

45th out of 106 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

4th out of 14 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.

Analyst Ratings Changes

A number of analysts have issued reports on the company. TheStreet lowered Martin Marietta Materials from a "b" rating to a "c+" rating in a report on Tuesday, May 10th. Truist Financial lowered their target price on Martin Marietta Materials to $392.00 in a report on Tuesday, July 5th. Morgan Stanley raised their target price on Martin Marietta Materials from $394.00 to $420.00 and gave the company an "overweight" rating in a report on Monday, August 1st. StockNews.com raised Martin Marietta Materials from a "sell" rating to a "hold" rating in a report on Monday, August 1st. Finally, DA Davidson lowered their target price on Martin Marietta Materials from $450.00 to $375.00 and set a "buy" rating on the stock in a report on Friday, July 1st. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $414.60.

Martin Marietta Materials Stock Performance

Shares of NYSE:MLM traded up $0.59 during trading on Tuesday, hitting $353.81. 286,224 shares of the stock were exchanged, compared to its average volume of 471,629. The company's fifty day simple moving average is $323.64 and its 200-day simple moving average is $351.91. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.53 and a current ratio of 3.63. The company has a market capitalization of $22.07 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.76 and a beta of 0.88. Martin Marietta Materials has a 1-year low of $284.99 and a 1-year high of $446.46.

Martin Marietta Materials (NYSE:MLM - Get Rating) last announced its quarterly 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 company had revenue of $1.64 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.81 EPS. Sell-side analysts expect that Martin Marietta Materials will post 13.28 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 1st were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, May 31st. Martin Marietta Materials's dividend payout ratio is 19.11%.

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MLM Stock News Headlines

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
8/09/2022
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
+18.2%
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
$19.45 per share
Book Value
$104.80 per share

Miscellaneous

Free Float
61,997,000
Market Cap
$22.07 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last twelve months. There are currently 10 buy ratings for the stock. The consensus among Wall Street equities 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 brokerages have issued 12 month target prices for Martin Marietta Materials' shares. Their MLM share price forecasts range from $375.00 to $475.00. On average, they predict the company's share price to reach $414.60 in the next year. This suggests a possible upside of 17.2% from the stock's current price.
View analysts price targets for MLM
or view top-rated stocks among Wall Street analysts.

How has Martin Marietta Materials' stock performed in 2022?

Martin Marietta Materials' stock was trading at $440.52 on January 1st, 2022. Since then, MLM stock has decreased by 19.7% and is now trading at $353.81.
View the best growth stocks for 2022 here
.

Are investors shorting Martin Marietta Materials?

Martin Marietta Materials saw a increase in short interest in July. As of July 15th, there was short interest totaling 1,680,000 shares, an increase of 27.3% from the June 30th total of 1,320,000 shares. Based on an average trading volume of 475,300 shares, the short-interest ratio is currently 3.5 days. Approximately 2.7% of the shares of the company are short sold.
View Martin Marietta Materials' Short Interest
.

When is Martin Marietta Materials' next earnings date?

Martin Marietta Materials 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) released its quarterly earnings data on Thursday, July, 28th. The construction company reported $3.96 EPS for the quarter, missing analysts' consensus estimates of $4.09 by $0.13. The construction company earned $1.64 billion during the quarter, compared to analysts' expectations 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 business's quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the firm 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 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 yield of 0.69%. 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 0.69%. 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 a variety of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (5.77%), Gardner Russo & Quinn LLC (1.73%), CIBC Private Wealth Group LLC (1.55%), Ceredex Value Advisors LLC (0.66%), Mitsubishi UFJ Trust & Banking Corp (0.62%) and DAVENPORT & Co LLC (0.61%). 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 $353.81.

How much money does Martin Marietta Materials make?

Martin Marietta Materials (NYSE:MLM) has a market capitalization of $22.07 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?

Martin Marietta Materials 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 8/10/2022 by MarketBeat.com Staff

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