Citigroup Cuts Martin Marietta Materials (NYSE:MLM) Price Target to $610.00

Posted by Brenda Bartman on Oct 5th, 2026

Martin Marietta Materials (NYSE:MLM – Free Report) had its price objective cut by Citigroup from $690.00 to $610.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other equities analysts have also recently issued research reports about the company. Sanford C. Bernstein downgraded Martin Marietta Materials to an “underweight” rating in a research report on Wednesday, September 2nd. Wolfe Research set a $648.00 price target on Martin Marietta Materials in a report on Tuesday, August 4th. Stephens decreased their price target on shares of Martin Marietta Materials from $700.00 to $680.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. DA Davidson started coverage on Martin Marietta Materials in a research report on Monday, August 24th. They set a “neutral” rating and a $625.00 target price for the company. Finally, Wall Street Zen downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Tuesday, July 28th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $661.41.

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Martin Marietta Materials Stock Performance

MLM opened at $482.59 on Friday. The firm has a market cap of $28.99 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 2.29 and a beta of 1.08. Martin Marietta Materials has a 52-week low of $470.19 and a 52-week high of $710.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.73 and a current ratio of 1.41. The business’s fifty day moving average is $521.32 and its 200-day moving average is $563.56.

Martin Marietta Materials (NYSE:MLM – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $5.00 EPS for the quarter, topping analysts’ consensus estimates of $4.76 by $0.24. Martin Marietta Materials had a return on equity of 9.49% and a net margin of 36.73%.The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the business earned $5.43 earnings per share. Martin Marietta Materials’s revenue was up 21.0% on a year-over-year basis. Sell-side analysts expect that Martin Marietta Materials will post 17.77 EPS for the current fiscal year.

Martin Marietta Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 0.7%. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, September 1st. Martin Marietta Materials’s dividend payout ratio is currently 8.26%.

Hedge Funds Weigh In On Martin Marietta Materials

A number of hedge funds have recently bought and sold shares of MLM. BlackRock Inc. bought a new stake in Martin Marietta Materials during the second quarter valued at $2,706,134,000. Bank of America Corp DE acquired a new stake in Martin Marietta Materials during the 2nd quarter worth about $1,411,047,000. Victory Capital Management Inc. raised its position in shares of Martin Marietta Materials by 51.8% in the 4th quarter. Victory Capital Management Inc. now owns 2,448,928 shares of the construction company’s stock worth $1,524,853,000 after acquiring an additional 836,120 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Martin Marietta Materials in the 2nd quarter worth about $199,321,000. Finally, Legal & General Group Plc acquired a new position in shares of Martin Marietta Materials in the 2nd quarter valued at about $143,897,000. Institutional investors own 95.04% of the company’s stock.

About Martin Marietta Materials

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Martin Marietta Materials, Inc is a producer and supplier of construction materials used in infrastructure, commercial, residential, and industrial projects. The company’s principal products include crushed stone, sand, gravel, cement, ready-mixed concrete, asphalt, and related paving materials.

The company serves customers primarily across the United States, with operations concentrated in major markets experiencing demand for transportation infrastructure, building construction, and other development projects.