From what 14 stock analysts predict, the share price for Martin Marietta Materials Inc (MLM) might increase by 3.31% in the next year. This is based on a 12-month average estimation for MLM. Price targets go from $378.12 to $715. The majority of stock analysts believe MLM is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 14 Wall Street analysts have assigned MLM 10 buy ratings, 4 hold ratings, and 0 sell ratings. This means that analysts expect Martin Marietta Materials Inc to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on MLM. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of MLM.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Garik Shmois Loop Capital | Buy | $680 | Maintains | Oct 31, 2024 |
Adam Seiden Barclays | Overweight | $645 | Maintains | Oct 29, 2024 |
Philip Ng Jefferies | Buy | $635 | Maintains | Oct 9, 2024 |
Adrian Heurta JP Morgan | Neutral | $515 | Maintains | Oct 9, 2024 |
Angel Castillo Morgan Stanley | Overweight | $657 | Maintains | Aug 26, 2024 |
Garik Shmois Loop Capital | Buy | $615 | Maintains | Aug 13, 2024 |
Anthony Pettinari Citigroup | Buy | $646 | Maintains | Aug 12, 2024 |
Keith Hughes Truist Securities | Buy | $670 | Maintains | Aug 9, 2024 |
Trey Grooms Stephens & Co. | Overweight | $610 | Maintains | Aug 9, 2024 |
Philip Ng Jefferies | Buy | $665 | Maintains | Jul 17, 2024 |
Anthony Pettinari Citigroup | Buy | $658 | Maintains | Jul 11, 2024 |
Garik Shmois Loop Capital | Buy | $630 | Maintains | Jul 3, 2024 |
Stanley Elliott Stifel | Buy | $630 | Maintains | Jul 3, 2024 |
Jerry Revich Goldman Sachs | Buy | $737 | Maintains | Apr 16, 2024 |
Stanley Elliott Stifel | Buy | $650 | Maintains | Apr 15, 2024 |
Anthony Pettinari Citigroup | Buy | $708 | Maintains | Apr 5, 2024 |
Keith Hughes Truist Securities | Buy | $700 | Maintains | Apr 2, 2024 |
Adrian Heurta JP Morgan | Neutral | $600 | Downgrade | Mar 22, 2024 |
Rohit Seth Seaport Global | Buy | $670 | Maintains | Mar 12, 2024 |
Timna Tanners Wolfe Research | Peer Perform | Downgrade | Mar 8, 2024 |
When did it IPO
1994
Staff Count
9,400
Country
United States
Sector/Industry
Basic Materials/Building Materials
CEO
Mr. C. Howard Nye
Market Cap
$35.57B
In 2023, MLM generated $6.78B in revenue, which was a increase of 10.01% from the previous year. This can be seen as a signal that MLM's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Martin Marietta Materials, Inc. held its Q3 2024 earnings call on October 30, 2024, featuring executives including CEO Ward Nye and CFO Jim Nickolas.
Why It Matters - Earnings calls provide insights into a company's financial health and future outlook, influencing stock price and investor sentiment. Analyst participation indicates market interest in Martin Marietta's performance.
Summary - Martin Marietta Materials' shares rose despite disappointing Q3 revenue and earnings. 2024 guidance is encouraging, but shares are considered pricey, suggesting a neutral outlook for investors.
Why It Matters - Martin Marietta's stock rose despite poor earnings, indicating investor optimism. However, high valuations and cautious guidance suggest a reevaluation of growth expectations is needed.
Summary - Martin Marietta reported record quarterly gross profit per ton and cash flows from operations for Q3 2024, despite weather challenges. The company also acquired Pure Aggregates assets in Florida and California.
Why It Matters - Record gross profit and cash flows indicate strong operational performance, potentially driving stock value up. Acquisitions expand market presence, suggesting growth opportunities.
Summary - Martin Marietta (MLM) reported Q3 earnings of $5.91 per share, below the Zacks Consensus Estimate of $6.41, and down from $6.94 per share in the previous year.
Why It Matters - Martin Marietta's earnings miss signals potential operational challenges or market pressures, which may negatively impact stock performance and investor confidence.
Summary - Martin Marietta's revenue and EPS for Q3 2024 were released, but comparisons to Wall Street estimates and year-ago figures are important for assessing performance.
Why It Matters - Comparing Martin Marietta's revenue and EPS to Wall Street estimates and previous year figures helps assess performance trends, informing investment decisions and expectations for future growth.
Summary - MLM's third-quarter results showed decreased volumes, although they implemented strong pricing actions.
Why It Matters - Lower volumes despite strong pricing may indicate weakening demand, potentially impacting future revenues and profitability, influencing investor sentiment and stock performance.