Martin Marietta Materials
MLM

$502.48

0.71%

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

Materials Mining & Quarrying of Nonmetallic Minerals, Except Fuels

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 9 analysts

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]

See Fund Rankings

Research analyst outlook

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

Low target

$610

21%

upside

Avg. target

$642

28%

upside

High target

$670

33%

upside

9 analyst ratings

9 positive

100%

0 neutral

0%

0 negative

0%

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

See Analyst Rankings

Financial journalist opinion

Based on 9 articles about MLM published over the past 30 days

15 Upcoming Dividend Increases Including A King

This week, 15 companies, including Dividend King Stanley Black & Decker, are set to increase dividends, with SWK extending its 57-year streak by 1.2%. My strategy focuses on buying, holding, and adding companies that consistently increase dividends and outperform benchmarks, using SCHD as a performance gauge. The list of dividend increases is curated by merging data from the "U.S. Dividend Champions" spreadsheet and NASDAQ, emphasizing companies with at least five years of dividend growth.

15 Upcoming Dividend Increases Including A King

Martin Marietta: Headwinds, High Valuation Ratios, And Lack Of Insider Buying Activity

Martin Marietta Materials reported challenging Q2 2024 results with lower-than-expected revenue and EPS due to inventory adjustments, weather disruptions, and high-interest rates. The acquisition of Blue Water Industries led to a $20 million gross profit decline due to markup in their inventories, artificially increasing costs and reducing profit margins. The company appears overvalued compared to its sector, and the lack of insider buying activity, coupled with significant insider selling, raises some concerns.

Martin Marietta: Headwinds, High Valuation Ratios, And Lack Of Insider Buying Activity

Zacks Investment Research

Martin Marietta (MLM) Cheers Investors With 7% Dividend Hike

Martin Marietta (MLM) raises quarterly dividends by 7% to boost shareholders' value.

Martin Marietta (MLM) Cheers Investors With 7% Dividend Hike

Martin Marietta Declares Quarterly Cash Dividend

RALEIGH, N.C., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that its Board of Directors approved a seven percent increase in its quarterly cash dividend, raising it from $0.74 per share to $0.79 per share on the Company's outstanding common stock. This dividend, representing a cash dividend of $3.16 per share on an annualized basis, is payable September 30, 2024, to shareholders of record at the close of business on September 3, 2024.

Martin Marietta Declares Quarterly Cash Dividend

Martin Marietta Materials, Inc. (MLM) Q2 2024 Earnings Call Transcript

Martin Marietta Materials, Inc. (NYSE:MLM ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Jacklyn Rooker - Director, Investor Relations Howard Nye - Chair & Chief Executive Officer Jim Nickolas - Executive Vice President & Chief Financial Officer Conference Call Participants Kathryn Thompson - Thompson Research Group Stanley Elliott - Stifel Trey Grooms - Stephens Jerry Revich - Goldman Sachs Anthony Pettinari - Citi Angel Castillo - Morgan Stanley Zack Pacheco - Loop Capital Keith Hughes - Truist Adam Thalhimer - Thompson Davis Joe Nolan - Longbow Research Tyler Brown - Raymond James Michael Dudas - Vertical Research Timna Tanners - Wolfe Research Operator Welcome to Martin Marietta's Second Quarter 2024 Earnings Conference Call. All participants are now in a listen-only mode.

Martin Marietta Materials, Inc. (MLM) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Martin Marietta (MLM) Q2 Earnings Miss, 2024 Guidance Down

Martin Marietta's (MLM) second-quarter results reflect lower volumes despite strong pricing actions.

Martin Marietta (MLM) Q2 Earnings Miss, 2024 Guidance Down

Zacks Investment Research

Martin Marietta (MLM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for Martin Marietta (MLM) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Martin Marietta (MLM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Martin Marietta (MLM) Lags Q2 Earnings and Revenue Estimates

Martin Marietta (MLM) came out with quarterly earnings of $5.26 per share, missing the Zacks Consensus Estimate of $5.57 per share. This compares to earnings of $5.60 per share a year ago.

Martin Marietta (MLM) Lags Q2 Earnings and Revenue Estimates

Martin Marietta Reports Second-Quarter 2024 Results

Record Second-Quarter Aggregates Gross Profit Per Ton With Pricing Gains Across All Product Lines Closing and Integration of Blue Water Acquisition Reinforces Aggregates-Led Business Model Revised Full-Year Guidance RALEIGH, N.C., Aug. 08, 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 second quarter ended June 30, 2024.

Martin Marietta Reports Second-Quarter 2024 Results

Zacks Investment Research

Martin Marietta (MLM) to Report Q2 Earnings: What's in Store?

Martin Marietta's (MLM) second-quarter results are likely to reflect solid pricing amid soft volumes, given the wet spring. Yet, acquisitions and solid infrastructure spending are tailwinds.

Martin Marietta (MLM) to Report Q2 Earnings: What's in Store?

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