Martin Marietta Materials (NYSE:MLM) Reaches New 1-Year Low After Analyst Downgrade

Posted by Brenda Bartman on Jul 31st, 2026

Shares of Martin Marietta Materials, Inc. (NYSE:MLM – Get Free Report) reached a new 52-week low on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $700.00 to $680.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Martin Marietta Materials traded as low as $523.48 and last traded at $526.1310, with a volume of 1025050 shares changing hands. The stock had previously closed at $540.00.

MLM has been the topic of a number of other research reports. Wall Street Zen downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Research raised shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings upgraded Martin Marietta Materials from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 25th. Oppenheimer initiated coverage on Martin Marietta Materials in a research note on Thursday, May 28th. They issued a “market perform” rating for the company. Finally, Stephens dropped their target price on Martin Marietta Materials from $700.00 to $680.00 and set an “overweight” rating for the company in a report on Friday. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $674.18.

View Our Latest Research Report on MLM

More Martin Marietta Materials News

Here are the key news stories impacting Martin Marietta Materials this week:

Positive Sentiment: Q2 results exceeded expectations: Martin Marietta reported earnings of $5.00 per share versus the $4.76 consensus estimate, while revenue rose 21% year over year to a record $1.95 billion, ahead of the $1.87 billion forecast. Record aggregates shipments and infrastructure demand supported the performance. Martin Marietta Reports Second-Quarter 2026 Results
Positive Sentiment: Full-year revenue outlook increased: MLM now expects 2026 revenue of approximately $7.2 billion to $7.4 billion, above the roughly $7.1 billion analyst consensus. Management also reaffirmed adjusted EBITDA guidance and expects operational-efficiency initiatives to generate $350 million in cash-flow benefits. MLM Raises FY2026 Revenue Outlook
Neutral Sentiment: Analyst consensus remains constructive but not strongly bullish: Martin Marietta received an average “Moderate Buy” rating. JPMorgan lowered its target from $700 to $680 while maintaining a “Neutral” rating, and Wells Fargo cut its target from $616 to $581 with an “Equal Weight” rating. Both targets remain above the current trading level, but the reductions signal more limited near-term conviction. Analyst Price Target Updates
Negative Sentiment: Profit growth lagged revenue growth: Q2 EPS declined from $5.43 a year earlier to $5.00, even as revenue increased substantially. The earnings decline may be tempering the market’s reaction to the revenue beat and higher sales outlook. MLM Q2 Earnings and Revenue Results

Hedge Funds Weigh In On Martin Marietta Materials

A number of large investors have recently made changes to their positions in the company. Optima Capital LLC purchased a new stake in Martin Marietta Materials in the 4th quarter worth about $25,000. CoreCap Advisors LLC boosted its position in shares of Martin Marietta Materials by 370.0% during the second quarter. CoreCap Advisors LLC now owns 47 shares of the construction company’s stock valued at $27,000 after buying an additional 37 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Martin Marietta Materials by 67.9% during the first quarter. Meeder Asset Management Inc. now owns 47 shares of the construction company’s stock valued at $28,000 after buying an additional 19 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in shares of Martin Marietta Materials during the fourth quarter valued at approximately $31,000. Finally, Reflection Asset Management bought a new position in shares of Martin Marietta Materials during the fourth quarter valued at approximately $35,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 2.28 and a quick ratio of 1.11. The firm has a fifty day moving average price of $577.94 and a two-hundred day moving average price of $607.79. The stock has a market capitalization of $31.59 billion, a PE ratio of 12.54, a P/E/G ratio of 2.42 and a beta of 1.10.

Martin Marietta Materials (NYSE:MLM – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $5.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.76 by $0.24. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.Martin Marietta Materials’s revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.43 EPS. Research analysts expect that Martin Marietta Materials, Inc. will post 19.43 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st were issued a $0.83 dividend. The ex-dividend date was Monday, June 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Martin Marietta Materials’s dividend payout ratio is presently 7.91%.

About Martin Marietta Materials

(Get Free Report)

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.