Martin Marietta Materials (NYSE:MLM – Get Free Report) had its price objective hoisted by equities researchers at Wells Fargo & Company from $579.00 to $589.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 10.56% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada reduced their price target on shares of Martin Marietta Materials from $620.00 to $530.00 and set a “sector perform” rating for the company in a research report on Friday, October 9th. Jefferies Financial Group lowered their price objective on Martin Marietta Materials from $720.00 to $670.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. BNP Paribas Exane cut their price objective on Martin Marietta Materials from $590.00 to $565.00 and set a “neutral” rating for the company in a research note on Wednesday, September 16th. Wolfe Research set a $648.00 price objective on Martin Marietta Materials in a research note on Tuesday, August 4th. Finally, Wall Street Zen cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Tuesday, July 28th. Fifteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and an average price target of $642.55.
View Our Latest Report on Martin Marietta Materials
Martin Marietta Materials Price Performance
NYSE MLM traded down $23.83 on Thursday, hitting $532.73. The company had a trading volume of 337,836 shares, compared to its average volume of 622,481. The company has a market capitalization of $32.00 billion, a PE ratio of 13.07, a PEG ratio of 2.82 and a beta of 1.02. The company’s fifty day moving average price is $503.35 and its 200-day moving average price is $574.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.41 and a quick ratio of 0.73. Martin Marietta Materials has a 12-month low of $464.92 and a 12-month high of $710.97.
Martin Marietta Materials (NYSE:MLM – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The construction company reported $5.47 earnings per share for the quarter, missing analysts’ consensus estimates of $5.99 by ($0.52). The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.24 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 28.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.85 earnings per share. As a group, analysts predict that Martin Marietta Materials will post 16.29 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Activest Wealth Management lifted its stake in Martin Marietta Materials by 1,633.3% during the 3rd quarter. Activest Wealth Management now owns 52 shares of the construction company’s stock worth $25,000 after acquiring an additional 49 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in Martin Marietta Materials by 370.0% during the 2nd quarter. CoreCap Advisors LLC now owns 47 shares of the construction company’s stock worth $27,000 after buying an additional 37 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Martin Marietta Materials by 67.9% in the 1st 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. WestEnd Advisors LLC boosted its position in Martin Marietta Materials by 1,900.0% in the 3rd quarter. WestEnd Advisors LLC now owns 60 shares of the construction company’s stock valued at $29,000 after buying an additional 57 shares during the period. Finally, GK Wealth Management LLC purchased a new stake in shares of Martin Marietta Materials during the third quarter worth $32,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about Martin Marietta Materials
Here are the key news stories impacting Martin Marietta Materials this week:
- Positive Sentiment: Revenue rose 28.3% year over year to a record $2.37 billion, above estimates, while the company also reported record EBITDA. Acquisitions helped lift aggregates volumes and Specialties growth. Martin Marietta Q3 results and guidance
- Positive Sentiment: Martin Marietta raised its full-year 2026 revenue outlook, citing acquisition performance—an encouraging sign for expected sales growth. Zacks coverage of Q3 results and outlook
- Negative Sentiment: EPS of $5.47 was below the $5.99 consensus cited in coverage and down from $6.85 a year earlier. Estimates differed: the result beat Zacks’ $5.27 estimate. Inflationary pressures and acquisition-related debt were cited as weighing on earnings. Martin Marietta Q3 earnings analysis
Martin Marietta Materials Company Profile
Martin Marietta Materials, Inc is a supplier of construction materials serving the infrastructure, commercial, residential and industrial markets. The company’s primary business is aggregates, including crushed stone, sand and gravel used in roads, bridges, buildings and other construction projects.
Martin Marietta also produces cement, ready-mixed concrete and asphalt products, and provides paving and related construction services in selected markets. Through its Magnesia Specialties business, the company manufactures magnesium-based and dolomitic lime products used in industrial, environmental and agricultural applications.
Headquartered in Raleigh, North Carolina, Martin Marietta Materials became an independent publicly traded company in 1993 following a spin-off from Martin Marietta Corporation.
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