Martin Marietta MaterialsMLM
Market Cap: $30.7B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0.03% less ownership
Funds ownership: 96.65% [Q1] → 96.62% (-0.03%) [Q2]
2% less repeat investments, than reductions
Existing positions increased: 324 | Existing positions reduced: 331
2% less funds holding
Funds holding: 935 [Q1] → 915 (-20) [Q2]
12% less capital invested
Capital invested by funds: $36.5B [Q1] → $32.2B (-$4.28B) [Q2]
19% less call options, than puts
Call options by funds: $79.3M | Put options by funds: $97.6M
19% less first-time investments, than exits
New positions opened: 86 | Existing positions closed: 106
57% less funds holding in top 10
Funds holding in top 10: 23 [Q1] → 10 (-13) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Morgan Stanley Angel Castillo 55% 1-year accuracy 6 / 11 met price target | 31%upside $657 | Overweight Maintained | 26 Aug 2024 |
Loop Capital Garik Shmois 50% 1-year accuracy 6 / 12 met price target | 22%upside $615 | Buy Maintained | 13 Aug 2024 |
Citigroup Anthony Pettinari 62% 1-year accuracy 34 / 55 met price target | 29%upside $646 | Buy Maintained | 12 Aug 2024 |
Stephens & Co. Trey Grooms 50% 1-year accuracy 12 / 24 met price target | 21%upside $610 | Overweight Maintained | 9 Aug 2024 |
Truist Securities Keith Hughes 61% 1-year accuracy 36 / 59 met price target | 33%upside $670 | Buy Maintained | 9 Aug 2024 |
Financial journalist opinion
Based on 9 articles about MLM published over the past 30 days