Martin Marietta Materials
MLM
Market cap $35.6B

583.03 USD

-4.93

0.84%

At close Nov 15, 4:00 PM EST

After hours

582.90

-0.13

0.02%

1 day

-0.84%

5 days

-6.65%

1 month

3.76%

3 months

8.01%

6 months

-4.84%

Year to date

18.74%

1 year

28.17%

5 years

123.87%

10 years

363.53%

About: Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2023, Martin Marietta sold 199 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.

Employees: 9,400

Materials Mining & Quarrying of Nonmetallic Minerals, Except Fuels

0

Funds holding %

of 6,704 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

19% more repeat investments, than reductions

Existing positions increased: 358 | Existing positions reduced: 302

0% more funds holding in top 10

Funds holding in top 10: 10 [Q2] → 10 (+0) [Q3]

0.65% less ownership

Funds ownership: 97.94% [Q2] → 97.29% (-0.65%) [Q3]

2% less capital invested

Capital invested by funds: $32.7B [Q2] → $32B (-$694M) [Q3]

2% less funds holding

Funds holding: 921 [Q2] → 907 (-14) [Q3]

14% less first-time investments, than exits

New positions opened: 88 | Existing positions closed: 102

33% less call options, than puts

Call options by funds: $82.9M | Put options by funds: $123M

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$515

12%

downside

Avg. target

$644

10%

upside

High target

$730

25%

upside

6 analyst ratings

5 positive

83%

1 neutral

17%

0 negative

0%

UBS Steven Fisher 67% 1-year accuracy 18 / 27 met price target	25%upside $730	Buy Initiated	7 Nov 2024
Loop Capital Garik Shmois 83% 1-year accuracy 15 / 18 met price target	17%upside $680	Buy Maintained	31 Oct 2024
Barclays Adam Seiden 72% 1-year accuracy 13 / 18 met price target	11%upside $645	Overweight Maintained	29 Oct 2024
Jefferies Philip Ng 53% 1-year accuracy 10 / 19 met price target	9%upside $635	Buy Maintained	9 Oct 2024
JP Morgan Adrian Heurta 0% 1-year accuracy 0 / 1 met price target	12%downside $515	Neutral Maintained	9 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 11 articles about MLM published over the past 30 days

Martin Marietta Declares Quarterly Cash Dividend

RALEIGH, N.C., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.79 per share on the Company's outstanding common stock. This dividend, which represents a cash dividend of $3.16 per share on an annualized basis, is payable December 31, 2024, to shareholders of record at the close of business on December 2, 2024.

Martin Marietta Declares Quarterly Cash Dividend

Martin Marietta Announces Pricing Terms of Debt Offering

RALEIGH, N.C., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) (“Martin Marietta” or the “Company”) announced today the pricing of its offering of $750 million aggregate principal amount of 5.150% Senior Notes due 2034 (the “2034 Notes”) and $750 million aggregate principal amount of 5.500% Senior Notes due 2054 (the “2054 Notes” and, together with the 2034 Notes, the “Notes”). The 2034 Notes will mature on December 1, 2034, will have an interest rate of 5.150% per annum and will be issued at 99.266% of par value. The 2054 Notes will mature on December 1, 2054, will have an interest rate of 5.500% per annum and will be issued at 98.006% of par value. Interest on each series of Notes will be paid semiannually on June 1 and December 1, commencing June 1, 2025. The Notes will be sold pursuant to Martin Marietta's shelf registration statement, base prospectus and prospectus supplement on file with the Securities and Exchange Commission (“SEC”).

Martin Marietta Announces Pricing Terms of Debt Offering

Martin Marietta Materials: A Spike In Shares After Q3 Results Is A Great Time For A Downgrade

Martin Marietta Materials saw its shares rise nicely, even after reporting disappointing revenue and earnings for the third quarter of the company's 2024 fiscal year. Although MLM has had a great run, shares are getting rather pricey, but recent guidance for 2024 is encouraging. Shares look pricey, and investors should consider seeing the firm in a more neutral light than a bullish one.

Martin Marietta Materials: A Spike In Shares After Q3 Results Is A Great Time For A Downgrade

Martin Marietta Materials, Inc. (MLM) Q3 2024 Earnings Call Transcript

Martin Marietta Materials, Inc. (NYSE:MLM ) Q3 2024 Earnings Call Transcript October 30, 2024 10:00 AM ET Company Participants Jacklyn Rooker - Director of IR Ward Nye - Chair and CEO Jim Nickolas - EVP and CFO Conference Call Participants Kathryn Thompson - TRG Trey Grooms - Stephens Garik Shmois - Loop Capital Jerry Revich - Goldman Sachs Anthony Pettinari - Citi Angel Castillo - Morgan Stanley Philip Ng - Jefferies Tyler Brown - Raymond James Brent Thielman - D.A. Davidson David MacGregor - Longbow Research Mike Dudas - Vertical Research Timna Tanners - Wolfe Research Michael Feniger - Bank of America Operator Hello.

Martin Marietta Materials, Inc. (MLM) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Martin Marietta's Q3 Earnings & Revenues Miss, 2024 View Cut

MLM's third-quarter results reflect lower volumes despite strong pricing actions.

Martin Marietta's Q3 Earnings & Revenues Miss, 2024 View Cut

Zacks Investment Research

Martin Marietta (MLM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Although the revenue and EPS for Martin Marietta (MLM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Martin Marietta (MLM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Zacks Investment Research

Martin Marietta (MLM) Q3 Earnings and Revenues Miss Estimates

Martin Marietta (MLM) came out with quarterly earnings of $5.91 per share, missing the Zacks Consensus Estimate of $6.41 per share. This compares to earnings of $6.94 per share a year ago.

Martin Marietta (MLM) Q3 Earnings and Revenues Miss Estimates

Martin Marietta Reports Third-Quarter 2024 Results

Achieved Record Quarterly Aggregates Gross Profit Per Ton Despite Weather Impacts Delivered Record Third-Quarter Cash Flows from Operations and Magnesia Specialties Revenues and Gross Profit Acquired Pure Aggregates Assets in South Florida and Southern California RALEIGH, N.C., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”), a leading national supplier of aggregates and heavy building materials, today reported results for the third quarter ended September 30, 2024.

Martin Marietta Reports Third-Quarter 2024 Results

Zacks Investment Research

Martin Marietta to Post Q3 Earnings: What's in Store for the Stock?

MLM's third-quarter 2024 performance is likely to have been affected by adverse weather conditions and cost inflation.

Martin Marietta to Post Q3 Earnings: What's in Store for the Stock?

Zacks Investment Research

Curious about Martin Marietta (MLM) Q3 Performance? Explore Wall Street Estimates for Key Metrics

Evaluate the expected performance of Martin Marietta (MLM) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Curious about Martin Marietta (MLM) Q3 Performance? Explore Wall Street Estimates for Key Metrics

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