Martin Marietta Materials Inc

Martin Marietta Materials Inc Stock Forecast & Price Prediction

Live Martin Marietta Materials Inc Stock (MLM) Price
$617.31

14

Ratings

  • Buy 10
  • Hold 4
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$617.31

P/E Ratio

18.05

Volume Traded Today

$1.2M

Dividend

$0.79

52 Week High/low

626.67/444.14

Martin Marietta Materials Inc Market Cap

$35.57B

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MLM Summary

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.

MLM Analyst Ratings

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.

MLM stock forecast by analyst

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

MLM Company Information

What They Do: Supplies building materials for construction industry.

Business Model: The company operates by producing and supplying a wide range of aggregates and heavy-side building materials, including crushed stone, sand, gravel, ready mixed concrete, asphalt, and various cement products. It generates revenue primarily through sales to infrastructure projects and both residential and nonresidential construction markets, as well as serving industries such as agriculture and utilities.

Other Information: Founded in 1939 and headquartered in Raleigh, North Carolina, the company also manufactures magnesia-based chemicals and dolomitic lime for diverse applications including steel production and environmental services. Its products play a crucial role in various sectors, reflecting a broad market presence.
MLM
Martin Marietta Materials Inc (MLM)

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

Martin Marietta Materials Inc (MLM) Financial Data

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

$4.73B

Revenue From 2021

$5.41B

14.46 %
From Previous Year

Revenue From 2022

$6.16B

13.79 %
From Previous Year

Revenue From 2023

$6.78B

10.01 %
From Previous Year
  • Revenue TTM $6.51B
  • Operating Margin TTM 26.3%
  • Gross profit TTM $2.02B
  • Return on assets TTM 5.5%
  • Return on equity TTM 23.4%
  • Profit Margin 30.5%
  • Book Value Per Share 150.02%
  • Market capitalisation $35.57B
  • Revenue for 2021 $5.41B
  • Revenue for 2022 $6.16B
  • Revenue for 2023 $6.78B
  • EPS this year (TTM) $32.24

Martin Marietta Materials Inc (MLM) Latest News

News Image

Wed, 30 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

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.

News Image

Wed, 30 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

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.

News Image

Wed, 30 Oct 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

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.

News Image

Wed, 30 Oct 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

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.

News Image

Wed, 30 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

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.

News Image

Wed, 30 Oct 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

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.

...

MLM Frequently asked questions

The highest forecasted price for MLM is $715 from at .

The lowest forecasted price for MLM is $378.12 from from

The MLM analyst ratings consensus are 10 buy ratings, 4 hold ratings, and 0 sell ratings.