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QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
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How major US stock indexes fared Thursday, 3/28/2024
MillerKnoll, Chemours fall; Verint Systems, RH rise, Thursday, 3/28/2024
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
How major US stock indexes fared Thursday, 3/28/2024
MillerKnoll, Chemours fall; Verint Systems, RH rise, Thursday, 3/28/2024
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
How major US stock indexes fared Thursday, 3/28/2024
MillerKnoll, Chemours fall; Verint Systems, RH rise, Thursday, 3/28/2024
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
How major US stock indexes fared Thursday, 3/28/2024
MillerKnoll, Chemours fall; Verint Systems, RH rise, Thursday, 3/28/2024
NYSE:MLM

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

$613.94
+2.08 (+0.34%)
(As of 03/28/2024 ET)
Today's Range
$609.36
$615.11
50-Day Range
$494.68
$613.94
52-Week Range
$332.13
$617.08
Volume
309,882 shs
Average Volume
541,650 shs
Market Capitalization
$37.95 billion
P/E Ratio
32.60
Dividend Yield
0.48%
Price Target
$564.85

Martin Marietta Materials MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
8.0% Downside
$564.85 Price Target
Short Interest
Healthy
1.52% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.65
Upright™ Environmental Score
News Sentiment
0.90mentions of Martin Marietta Materials in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$16.03 M Sold Last Quarter
Proj. Earnings Growth
9.29%
From $21.09 to $23.05 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.19 out of 5 stars

Construction Sector

19th out of 103 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

5th out of 19 stocks

MLM stock logo

About Martin Marietta Materials Stock (NYSE:MLM)

Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries. The company also produces magnesia-based chemicals products; dolomitic lime primarily to customers for steel production and soil stabilization; and cement treated materials. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. The company was founded in 1939 and is headquartered in Raleigh, North Carolina.

MLM Stock Price History

MLM Stock News Headlines

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What 8 Analyst Ratings Have To Say About Martin Marietta Materials
Guru Fundamental Report for MLM
Martin Marietta Declares Quarterly Cash Dividend
Martin Marietta dives into M&A in 2024
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
11/30/2023
Dividend Payable
12/29/2023
Last Earnings
2/14/2024
Ex-Dividend for 3/28 Dividend
3/01/2024
Today
3/28/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

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 Target
$564.85
High Stock Price Target
$642.00
Low Stock Price Target
$465.00
Potential Upside/Downside
-8.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Net Income
$1.17 billion
Pretax Margin
22.03%

Debt

Sales & Book Value

Annual Sales
$6.78 billion
Cash Flow
$27.89 per share
Book Value
$130.01 per share

Miscellaneous

Free Float
61,445,000
Market Cap
$37.95 billion
Optionable
Optionable
Beta
0.95

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Key Executives

Should I Buy Martin Marietta Materials Stock? MLM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Martin Marietta Materials, Inc.:

  • Martin Marietta Materials, Inc. supplies aggregates and heavy-side building materials to the construction industry, providing essential materials for infrastructure projects.
  • The company offers a diverse range of products including crushed stone, sand, gravel, ready mixed concrete, asphalt, and specialty cement, catering to various construction markets.
  • Investing in Martin Marietta Materials, Inc. can provide exposure to the construction sector, which tends to benefit from economic growth and infrastructure development.
  • Recent positive developments in the construction industry have increased demand for building materials, potentially boosting the company's revenue and profitability.
  • Considering the current stock price of Martin Marietta Materials, Inc. can provide insights into its valuation and potential investment opportunities.

Cons

Investors should be bearish about investing in Martin Marietta Materials, Inc. for these reasons:

  • Market volatility and economic uncertainties can impact the construction industry, affecting the demand for building materials supplied by Martin Marietta Materials, Inc.
  • Changes in government policies related to infrastructure spending or environmental regulations could influence the company's operations and profitability.
  • Competitive pressures within the construction materials industry may affect Martin Marietta Materials, Inc.'s market share and pricing power.
  • Fluctuations in raw material prices, such as those for aggregates and cement, can impact the company's production costs and margins.
  • Investors should consider the cyclical nature of the construction sector, which can lead to periods of downturns affecting companies like Martin Marietta Materials, Inc.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, March 25, 2024. Please send any questions or comments about these Martin Marietta Materials pros and cons to contact@marketbeat.com.

MLM Stock Analysis - Frequently Asked Questions

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

13 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" MLM shares.
View MLM analyst ratings
or view top-rated stocks.

What is Martin Marietta Materials' stock price target for 2024?

13 analysts have issued 1-year target prices for Martin Marietta Materials' stock. Their MLM share price targets range from $465.00 to $642.00. On average, they expect the company's share price to reach $564.85 in the next twelve months. This suggests that the stock has a possible downside of 8.0%.
View analysts price targets for MLM
or view top-rated stocks among Wall Street analysts.

How have MLM shares performed in 2024?

Martin Marietta Materials' stock was trading at $498.91 at the beginning of 2024. Since then, MLM shares have increased by 23.1% and is now trading at $613.94.
View the best growth stocks for 2024 here
.

Are investors shorting Martin Marietta Materials?

Martin Marietta Materials saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 932,300 shares, an increase of 68.5% from the February 29th total of 553,300 shares. Based on an average daily trading volume, of 383,600 shares, the short-interest ratio is presently 2.4 days. Currently, 1.5% 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, May 2nd 2024.
View our MLM earnings forecast
.

How were Martin Marietta Materials' earnings last quarter?

Martin Marietta Materials, Inc. (NYSE:MLM) released its quarterly earnings results on Wednesday, February, 14th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $3.96 by $0.67. The construction company earned $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. Martin Marietta Materials had a net margin of 17.25% and a trailing twelve-month return on equity of 15.77%. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.04 EPS.
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 declared a quarterly dividend on Thursday, February 22nd. Shareholders of record on Monday, March 4th will be given a dividend of $0.74 per share on Thursday, March 28th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Friday, March 1st.
Read our dividend analysis for MLM
.

Is Martin Marietta Materials a good dividend stock?

Martin Marietta Materials (NYSE:MLM) pays an annual dividend of $2.96 per share and currently has a dividend yield of 0.48%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 15.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MLM will have a dividend payout ratio of 12.84% 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 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.7 billion-$7.2 billion, compared to the consensus revenue estimate of $7.3 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).

Who are Martin Marietta Materials' major shareholders?

Martin Marietta Materials' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.60%), Vanguard Group Inc. (11.60%), Baillie Gifford & Co. (4.26%), Principal Financial Group Inc. (1.55%), Goldman Sachs Group Inc. (1.49%) and CIBC Private Wealth Group LLC (1.40%). Insiders that own company stock include C Howard Nye, Craig M Latorre, John P Mohr, Roselyn R Bar 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MLM) was last updated on 3/29/2024 by MarketBeat.com Staff

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