Citigroup Cuts Martin Marietta Materials (NYSE:MLM) Price Target to $690.00

Posted by George Bondi on Aug 6th, 2026

Martin Marietta Materials (NYSE:MLM – Free Report) had its target price lowered by Citigroup from $737.00 to $690.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

MLM has been the subject of several other reports. Zacks Research raised shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. UBS Group cut their target price on shares of Martin Marietta Materials from $739.00 to $715.00 and set a “buy” rating on the stock in a research note on Monday. Morgan Stanley reduced their price target on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating on the stock in a research report on Monday, April 6th. Raymond James Financial set a $660.00 price target on Martin Marietta Materials in a research note on Friday, July 31st. Finally, Oppenheimer assumed coverage on Martin Marietta Materials in a report on Thursday, May 28th. They issued a “market perform” rating for the company. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and an average target price of $670.00.

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Martin Marietta Materials Price Performance

MLM stock opened at $554.49 on Monday. The stock’s 50 day moving average is $577.32 and its two-hundred day moving average is $604.77. Martin Marietta Materials has a 52-week low of $523.48 and a 52-week high of $710.97. The company has a market capitalization of $33.31 billion, a PE ratio of 13.62, a P/E/G ratio of 2.38 and a beta of 1.11. The company has a quick ratio of 0.73, a current ratio of 1.41 and a debt-to-equity ratio of 0.44.

Martin Marietta Materials (NYSE:MLM – Get Free Report) last released its earnings results on Thursday, July 30th. The construction company reported $5.00 EPS for the quarter, beating the consensus estimate 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 9.49% and a net margin of 36.73%.The business’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business posted $5.43 EPS. Analysts predict that Martin Marietta Materials will post 19.25 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 1st were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 1st. Martin Marietta Materials’s dividend payout ratio is currently 8.16%.

Hedge Funds Weigh In On Martin Marietta Materials

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Optima Capital LLC bought a new stake in shares of Martin Marietta Materials in the 4th quarter worth approximately $25,000. CoreCap Advisors LLC increased its position in Martin Marietta Materials by 370.0% in the second quarter. CoreCap Advisors LLC now owns 47 shares of the construction company’s stock worth $27,000 after buying an additional 37 shares during the period. Meeder Asset Management Inc. lifted its stake in Martin Marietta Materials by 67.9% in 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 last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of Martin Marietta Materials during the fourth quarter valued at $31,000. Finally, Reflection Asset Management bought a new position in shares of Martin Marietta Materials during the fourth quarter worth about $35,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Company Profile

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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.