Martin Marietta Materials Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last year. There are currently 10 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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 decline in short interest during the month of March. As of March 15th, there was short interest totaling 625,800 shares, a decline of 33.3% from the February 28th total of 938,300 shares. Based on an average trading volume of 550,100 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.0% of the company's stock are short sold.
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Martin Marietta Materials is scheduled to release its next quarterly earnings announcement on Tuesday, May 4th 2021.
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Martin Marietta Materials will be holding an earnings conference call on Tuesday, May 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Martin Marietta Materials, Inc. (NYSE:MLM) issued its quarterly earnings results on Tuesday, February, 9th. The construction company reported $2.93 EPS for the quarter, beating the Zacks' consensus estimate of $2.28 by $0.65. The construction company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.10 billion. Martin Marietta Materials had a trailing twelve-month return on equity of 12.22% and a net margin of 14.38%. The company's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $2.09 earnings per share.
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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. Since then, MLM stock has increased by 70.2% and is now trading at $351.47.
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Martin Marietta Materials declared a quarterly dividend on Thursday, February 18th. Stockholders of record on Monday, March 1st will be given a dividend of $0.57 per share on Wednesday, March 31st. This represents a $2.28 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, February 26th.
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Martin Marietta Materials pays an annual dividend of $2.28 per share and currently has a dividend yield of 0.65%. 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 23.41%. 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 21.82% next year. This indicates that Martin Marietta Materials will be able to sustain or increase its dividend.
View Martin Marietta Materials' dividend history.

Martin Marietta Materials updated its FY 2021 Pre-Market earnings guidance on Tuesday, February, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $4.51-4.7 billion, compared to the consensus revenue estimate of $4.48 billion.

19 brokerages have issued 1 year price targets for Martin Marietta Materials' shares. Their forecasts range from $129.00 to $372.00. On average, they anticipate Martin Marietta Materials' share price to reach $280.22 in the next year. This suggests that the stock has a possible downside of 20.3%.
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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), Lynas Rare Earths (LYSDY), Hecla Mining (HL), Summit Materials (SUM), Compass Minerals International (CMP), Piedmont Lithium (PLL), U.S. Silica (SLCA), United States Lime & Minerals (USLM), Energy Fuels (UUUU), Intrepid Potash (IPI), Centrus Energy (LEU) and Galiano Gold (GAU).
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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 a variety of institutional and retail investors. Top institutional shareholders include Mcdonald Capital Investors Inc. CA (0.21%), DnB Asset Management AS (0.20%), Scout Investments Inc. (0.18%), Strs Ohio (0.16%), Retirement Systems of Alabama (0.16%) and Heritage Investors Management Corp (0.14%). Company insiders that own Martin Marietta Materials stock include C Howard Nye, Donald A Mccunniff, John J Koraleski, John P Mohr, Laree E Perez, 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 New York State Teachers Retirement System, Heritage Investors Management Corp, Chevy Chase Trust Holdings Inc., Retirement Systems of Alabama, BOKF NA, Mcdonald Capital Investors Inc. CA, Pacer Advisors Inc., and Bartlett & Co. LLC. Company insiders that have sold Martin Marietta Materials company stock in the last year include C Howard Nye, Roselyn R Bar, Stephen P Zelnak Jr, and Sue W Cole.
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MLM stock was purchased by a variety of institutional investors in the last quarter, including DnB Asset Management AS, Hexavest Inc., Schwab Charitable Fund, Scout Investments Inc., Huntington National Bank, Golden Green Inc., Royal London Asset Management Ltd., and Everence Capital Management Inc.. 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 $351.47.

Martin Marietta Materials has a market capitalization of $21.92 billion and generates $4.74 billion in revenue each year. The construction company earns $611.90 million in net income (profit) each year or $9.74 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.