Martin Marietta Materials
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
16% more repeat investments, than reductions
Existing positions increased: 360 | Existing positions reduced: 311
15% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 79
0.37% more ownership
Funds ownership: 101.47% [Q2] → 101.84% (+0.37%) [Q3]
0% more funds holding
Funds holding: 924 [Q2] → 926 (+2) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 10 [Q2] → 10 (+0) [Q3]
1% less capital invested
Capital invested by funds: $33.8B [Q2] → $33.5B (-$378M) [Q3]
33% less call options, than puts
Call options by funds: $82.9M | Put options by funds: $123M
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$600
11%
upside
Avg. target
$650
20%
upside
High target
$730
35%
upside
7 analyst ratings
7 positive
100%
0 neutral
0%
0 negative
0%
Raymond James Patrick Tyler Brown 57% 1-year accuracy 21 / 37 met price target | 16%upside $630 | Outperform Maintained | 16 Jan 2025 |
Citigroup Anthony Pettinari 44% 1-year accuracy 22 / 50 met price target | 11%upside $600 | Buy Maintained | 6 Jan 2025 |
Morgan Stanley Angel Castillo 53% 1-year accuracy 8 / 15 met price target | 15%upside $622 | Overweight Maintained | 17 Dec 2024 |
JP Morgan Adrian Heurta 67% 1-year accuracy 2 / 3 met price target | 18%upside $640 | Overweight Upgraded | 27 Nov 2024 |
UBS Steven Fisher 61% 1-year accuracy 17 / 28 met price target | 35%upside $730 | Buy Initiated | 7 Nov 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
1 month ago
Martin Marietta (MLM) Up 0.6% Since Last Earnings Report: Can It Continue?
Martin Marietta (MLM) reported earnings 30 days ago. What's next for the stock?
Neutral
CNBC Television
1 month ago
Calls of the Day: Martin Marietta, Datadog, Bristol-Myers, Eli Lilly and Disney
The Investment Committee debate the latest Calls of the Day.
Neutral
CNBC Television
1 month ago
Martin Marietta CEO Ward Nye on impact of incoming administration on existing government investments
Ward Nye, Martin Marietta Chairman & CEO, joins 'Closing Bell Overtime' to talk government investing and what a new administration means for its business.
Positive
Investors Business Daily
2 months ago
Will Donald Trump Crush These Growth Stocks?
Infrastructure construction in the U.S. is booming and analysts expect significant growth for this industry. The post Will Donald Trump Crush These Growth Stocks?
Neutral
GlobeNewsWire
2 months ago
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.
Neutral
GlobeNewsWire
2 months ago
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”).
Neutral
Seeking Alpha
2 months ago
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.
Neutral
Seeking Alpha
2 months ago
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.
Negative
Zacks Investment Research
2 months ago
Martin Marietta's Q3 Earnings & Revenues Miss, 2024 View Cut
MLM's third-quarter results reflect lower volumes despite strong pricing actions.
Positive
Zacks Investment Research
2 months ago
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.
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