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NYSE:MLM

Martin Marietta Materials (MLM) Stock Forecast, Price & News

$394.91
-3.32 (-0.83%)
(As of 11:32 AM ET)
Compare
Today's Range
$392.29
$397.19
50-Day Range
$328.36
$408.40
52-Week Range
$284.99
$410.48
Volume
70,282 shs
Average Volume
361,838 shs
Market Capitalization
$24.47 billion
P/E Ratio
25.49
Dividend Yield
0.67%
Price Target
$412.75

Martin Marietta Materials MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
3.6% Upside
$412.75 Price Target
Short Interest
Healthy
0.99% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.65
Upright™ Environmental Score
News Sentiment
0.79mentions of Martin Marietta Materials in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.18%
From $15.94 to $18.20 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

Construction Sector

65th out of 105 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

11th out of 19 stocks


MLM stock logo

About Martin Marietta Materials (NYSE:MLM) Stock

Martin Marietta Materials, Inc. engages in the provision of aggregates including crushed stone, sand, and gravel through its network of quarries and distribution yards. It operates through the following geographical segments: East Group and West Group. The East Group segments provide aggregated products only. The West Group offers aggregates, as well as cement and downstream products including mixed concrete, asphalt, and paving services. The company was founded in November 1993 and is headquartered in Raleigh, NC.

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MLM Stock News Headlines

146 Pounds of Graphite Needed for Each EV
Graphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.
AI Getting Close to Thinking Like Humans
Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.
See More Headlines
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MLM Company Calendar

Ex-Dividend for 3/31 Dividend
3/03/2023
Dividend Payable
3/31/2023
Last Earnings
5/04/2023
Today
5/31/2023
Ex-Dividend for 6/30 Dividend
5/31/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
Construction Materials
CUSIP
57328410
Employees
9,400
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$412.75
High Stock Price Forecast
$475.00
Low Stock Price Forecast
$350.00
Forecasted Upside/Downside
+3.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Net Income
$866.80 million
Pretax Margin
19.59%

Debt

Sales & Book Value

Annual Sales
$6.28 billion
Cash Flow
$20.26 per share
Book Value
$115.82 per share

Miscellaneous

Free Float
61,603,000
Market Cap
$24.68 billion
Optionable
Optionable
Beta
0.87

Social Links


Key Executives

  • C. Howard NyeC. Howard Nye
    Chairman, President & Chief Executive Officer
  • James A. J. Nickolas
    Chief Financial Officer & Senior Vice President
  • John P. MohrJohn P. Mohr
    Chief Information Officer & Senior Vice President
  • Roselyn R. BarRoselyn R. Bar
    Secretary, Executive VP & General Counsel
  • Robert J. Cardin
    Chief Accounting Officer, SVP & Controller













MLM Stock - Frequently Asked Questions

Should I buy or sell Martin Marietta Materials stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Martin Marietta Materials in the last twelve months. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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 2023?

13 Wall Street research analysts have issued twelve-month price objectives for Martin Marietta Materials' stock. Their MLM share price forecasts range from $350.00 to $475.00. On average, they expect the company's stock price to reach $412.75 in the next twelve months. This suggests a possible upside of 4.0% from the stock's current price.
View analysts price targets for MLM
or view top-rated stocks among Wall Street analysts.

How have MLM shares performed in 2023?

Martin Marietta Materials' stock was trading at $337.97 at the beginning of 2023. Since then, MLM stock has increased by 17.4% and is now trading at $396.73.
View the best growth stocks for 2023 here
.

Are investors shorting Martin Marietta Materials?

Martin Marietta Materials saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 611,000 shares, a drop of 24.0% from the April 30th total of 803,900 shares. Based on an average daily volume of 358,800 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.0% of the company's shares are sold short.
View Martin Marietta Materials' Short Interest
.

When is Martin Marietta Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our MLM earnings forecast
.

How were Martin Marietta Materials' earnings last quarter?

Martin Marietta Materials, Inc. (NYSE:MLM) posted its quarterly earnings results on Thursday, May, 4th. The construction company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $0.99 by $1.17. The construction company earned $1.35 billion during the quarter, compared to analyst estimates of $1.27 billion. Martin Marietta Materials had a net margin of 15.39% and a trailing twelve-month return on equity of 12.31%. Martin Marietta Materials's revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 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 announced a quarterly dividend on Thursday, May 11th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.66 per share on Friday, June 30th. This represents a $2.64 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Wednesday, 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 $2.64 per share and currently has a dividend yield of 0.66%. 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 17.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MLM will have a dividend payout ratio of 14.51% 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 updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.60 billion-$6.82 billion, compared to the consensus revenue estimate of $6.35 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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.46%), Select Equity Group L.P. (5.47%), Aristotle Capital Management LLC (5.23%), Baillie Gifford & Co. (4.66%), State Street Corp (4.05%) and JPMorgan Chase & Co. (3.01%). Insiders that own company stock include C Howard Nye, 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 $396.73.

How much money does Martin Marietta Materials make?

Martin Marietta Materials (NYSE:MLM) has a market capitalization of $24.58 billion and generates $6.28 billion in revenue each year. The construction company earns $866.80 million in net income (profit) each year or $15.49 on an earnings per share basis.

How many employees does Martin Marietta Materials have?

The company employs 9,400 workers across the globe.

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 5/31/2023 by MarketBeat.com Staff

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