Martin Marietta Materials - MLM Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MLM shares.
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11 brokerages have issued 12-month price objectives for Martin Marietta Materials' shares. Their MLM share price forecasts range from $350.00 to $450.00. On average, they predict the company's stock price to reach $396.36 in the next year. This suggests a possible upside of 14.0% from the stock's current price.
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Martin Marietta Materials' stock was trading at $337.97 on January 1st, 2023. Since then, MLM shares have increased by 2.9% and is now trading at $347.82.
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Martin Marietta Materials saw a increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,320,000 shares, an increase of 7.3% from the November 30th total of 1,230,000 shares. Based on an average daily trading volume, of 389,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.1% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Martin Marietta Materials will be holding an earnings conference call on Wednesday, February 15th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Martin Marietta Materials, Inc. (NYSE:MLM) announced its quarterly earnings data on Wednesday, November, 2nd. The construction company reported $4.69 earnings per share for the quarter, missing analysts' consensus estimates of $4.74 by $0.05. The construction company earned $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Martin Marietta Materials had a net margin of 13.59% and a trailing twelve-month return on equity of 11.43%.

Martin Marietta Materials declared a quarterly dividend on Thursday, November 10th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.66 per share on Friday, December 30th. This represents a $2.64 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, November 30th.
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Martin Marietta Materials (NYSE:MLM) pays an annual dividend of $2.64 per share and currently has a dividend yield of 0.76%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 19.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MLM will have a dividend payout ratio of 17.58% 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 updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $5.74 billion-$5.84 billion, compared to the consensus revenue estimate of $5.85 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 institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (5.07%), DAVENPORT & Co LLC (0.70%), Ceredex Value Advisors LLC (0.33%), M&G Investment Management Ltd. (0.16%), Strs Ohio (0.15%) and Abeille Asset Management SA (0.11%). Insiders that own company 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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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 $347.82.

Martin Marietta Materials (NYSE:MLM) has a market capitalization of $21.60 billion and generates $5.41 billion in revenue each year. The construction company earns $702.50 million in net income (profit) each year or $13.43 on an earnings per share basis.

The company employs 10,000 workers across the globe.

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.