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

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.
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13 Wall Street analysts have issued 1 year price targets for Martin Marietta Materials' stock. Their MLM share price targets range from $465.00 to $737.00. On average, they expect the company's stock price to reach $588.69 in the next year. This suggests a possible upside of 2.2% from the stock's current price.
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Martin Marietta Materials' stock was trading at $498.91 at the start of the year. Since then, MLM shares have increased by 15.4% and is now trading at $575.89.
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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 trading volume of 383,600 shares, the short-interest ratio is currently 2.4 days. Currently, 1.5% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
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Martin Marietta Materials will be holding an earnings conference call on Tuesday, April 30th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Martin Marietta Materials, Inc. (NYSE:MLM) released its quarterly earnings data on Wednesday, February, 14th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.67. The construction company had revenue of $1.61 billion for 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 was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 EPS.
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Martin Marietta Materials declared a quarterly dividend on Thursday, February 22nd. Investors of record on Monday, March 4th will be paid a dividend of $0.74 per share on Thursday, March 28th. This represents a $2.96 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, March 1st.
Read our dividend analysis for MLM.

Martin Marietta Materials (NYSE:MLM) pays an annual dividend of $2.96 per share and currently has a dividend yield of 0.50%. 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 12.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MLM.

ETFs with the largest weight of Martin Marietta Materials (NYSE:MLM) stock in their portfolio include TCW Transform Supply Chain ETF (SUPP), Invesco Building & Construction ETF (PKB), Materials Select Sector SPDR Fund (XLB), Invesco S&P 500 Equal Weight Materials ETF (RTM), Invesco S&P 500 Equal Weight Materials ETF (RSPM), Global X U.S. Infrastructure Development ETF (PAVE), Vanguard Materials ETF (VAW) and ClearBridge Focus Value ESG ETF (CFCV).

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.

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' stock is owned by many different retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (0.40%), Sumitomo Mitsui Trust Holdings Inc. (0.24%), Congress Wealth Management LLC DE (0.09%), Tran Capital Management L.P. (0.09%), Gateway Investment Advisers LLC (0.09%) and Confluence Investment Management LLC (0.06%). Insiders that own company stock include C Howard Nye, Craig M Latorre, John P Mohr, Roselyn R Bar 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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