Martin Marietta Materials - MLM Stock Forecast, Price & News

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.
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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.
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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.
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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.
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Martin Marietta Materials is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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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.
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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 yield of 0.69%. The ex-dividend date is Tuesday, May 31st.
Read our dividend analysis for MLM.

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.

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.

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 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.
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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.
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One share of MLM stock can currently be purchased for approximately $353.81.

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.

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 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.