Martin Marietta Materials Stock Forecast, Price & News

15 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 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Martin Marietta Materials stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MLM, but not buy additional shares or sell existing shares.
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Martin Marietta Materials saw a increase in short interest in the month of May. As of May 14th, there was short interest totaling 523,900 shares, an increase of 30.3% from the April 29th total of 402,200 shares. Based on an average trading volume of 420,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.9% of the company's shares are short sold.
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Martin Marietta Materials is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
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Martin Marietta Materials, Inc. (NYSE:MLM) released its earnings results on Tuesday, May, 4th. The construction company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.50 by $0.54. The construction company had revenue of $982.40 million for the quarter, compared to analyst estimates of $968.53 million. Martin Marietta Materials had a net margin of 15.99% and a trailing twelve-month return on equity of 13.18%. The company's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS.
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Martin Marietta Materials' stock was trading at $206.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MLM stock has increased by 65.7% and is now trading at $342.23.
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Martin Marietta Materials declared a quarterly dividend on Thursday, May 13th. Stockholders of record on Tuesday, June 1st will be given a dividend of $0.57 per share on Wednesday, June 30th. This represents a $2.28 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, May 28th.
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Martin Marietta Materials pays an annual dividend of $2.28 per share and currently has a dividend yield of 0.68%. Martin Marietta Materials has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Martin Marietta Materials is 19.76%. 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 16.22% 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 2021 earnings guidance on Tuesday, May, 18th. The company provided earnings per share (EPS) guidance of - for the period. The company issued revenue guidance of $4.51 billion-$4.70 billion, compared to the consensus revenue estimate of $4.68 billion.

15 brokers have issued 1 year price targets for Martin Marietta Materials' shares. Their forecasts range from $129.00 to $408.00. On average, they expect Martin Marietta Materials' share price to reach $305.64 in the next year. This suggests that the stock has a possible downside of 10.7%.
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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 Vulcan Materials (VMC), Sociedad Química y Minera de Chile (SQM), Teck Resources (TECK), MDU Resources Group (MDU), Hecla Mining (HL), Summit Materials (SUM), Lynas Rare Earths (LYSDY), Compass Minerals International (CMP), Piedmont Lithium (PLL), Energy Fuels (UUUU), U.S. Silica (SLCA), United States Lime & Minerals (USLM), Intrepid Potash (IPI), Centrus Energy (LEU) and Ciner Resources (CINR).
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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), The Boeing (BA), Alibaba Group (BABA), UnitedHealth Group (UNH), Broadcom (AVGO), salesforce.com (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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.34%), Baillie Gifford & Co. (6.07%), Select Equity Group L.P. (4.81%), Morgan Stanley (2.70%), Gardner Russo & Quinn LLC (2.04%) and Principal Financial Group Inc. (1.91%). Company insiders that own Martin Marietta Materials stock include C Howard Nye, John J Koraleski, John P Mohr, Roselyn R Bar, Stephen P Zelnak Jr and Sue W Cole.
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MLM stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Select Equity Group L.P., M&G Investment Management Ltd., Douglass Winthrop Advisors LLC, Nitorum Capital L.P., William Blair Investment Management LLC, UBS Group AG, and Goldman Sachs Group Inc.. Company insiders that have sold Martin Marietta Materials company stock in the last year include C Howard Nye, Roselyn R Bar, and Sue W Cole.
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MLM stock was bought by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Amundi Asset Management US Inc., Artisan Partners Limited Partnership, BlackRock Inc., Mitsubishi UFJ Trust & Banking Corp, Geode Capital Management LLC, Tran Capital Management L.P., and Mirae Asset Global Investments Co. Ltd.. Company insiders that have bought Martin Marietta Materials stock in the last two years include John J Koraleski, John P Mohr, and Stephen P Zelnak Jr.
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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 $342.23.

Martin Marietta Materials has a market capitalization of $21.34 billion and generates $4.73 billion in revenue each year. The construction company earns $721 million in net income (profit) each year or $11.54 on an earnings per share basis.

Martin Marietta Materials employs 8,700 workers across the globe.

Martin Marietta Materials was founded in 1993.

The official website for Martin Marietta Materials is www.martinmarietta.com.

Martin Marietta Materials is headquartered at 2710 WYCLIFF ROAD, RALEIGH NC, 27607.

Martin Marietta Materials' mailing address is 2710 WYCLIFF ROAD, RALEIGH NC, 27607. The construction company can be reached via phone at (919) 781-4550 or via email at [email protected]