Martin Marietta Materials, Inc. (MLM)

NYSE: MLM · Real-Time Price · USD
586.21
-7.01 (-1.18%)
Dec 3, 2024, 12:09 PM EST - Market open
-1.18%
Market Cap 35.83B
Revenue (ttm) 6.51B
Net Income (ttm) 1.98B
Shares Out 61.12M
EPS (ttm) 32.12
PE Ratio 18.27
Forward PE 29.54
Dividend $3.16 (0.54%)
Ex-Dividend Date Sep 3, 2024
Volume 100,393
Open 595.05
Previous Close 593.22
Day's Range 585.85 - 595.05
52-Week Range 456.83 - 633.23
Beta 0.88
Analysts Strong Buy
Price Target 646.29 (+10.25%)
Earnings Date Oct 30, 2024

About MLM

Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries. The company... [Read more]

Sector Materials
IPO Date Feb 16, 1994
Employees 9,400
Stock Exchange NYSE
Ticker Symbol MLM
Full Company Profile

Financial Performance

In 2023, Martin Marietta Materials's revenue was $6.78 billion, an increase of 10.01% compared to the previous year's $6.16 billion. Earnings were $1.17 billion, an increase of 34.85%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for MLM stock is "Strong Buy." The 12-month stock price forecast is $646.29, which is an increase of 10.25% from the latest price.

Price Target
$646.29
(10.25% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Calls of the Day: Martin Marietta, Datadog, Bristol-Myers, Eli Lilly and Disney

The Investment Committee debate the latest Calls of the Day.

Other symbols: BMYDDOGDISLLY
5 days ago - CNBC Television

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.

10 days ago - CNBC Television

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 qua...

25 days ago - GlobeNewsWire

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 p...

4 weeks ago - GlobeNewsWire

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,...

4 weeks ago - Seeking Alpha

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 - E...

4 weeks ago - Seeking Alpha

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...

4 weeks ago - GlobeNewsWire

Martin Marietta Announces Third-Quarter 2024 Earnings Conference Call

RALEIGH, N.C., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) (“Martin Marietta” or the “Company”) will host its third-quarter 2024 earnings conference call on Wednesday,...

7 weeks ago - GlobeNewsWire

The wave of young people buying homes will be a tailwind for builders, says Jefferies' Philip Ng

Philip Ng, Jefferies senior building products analyst, joins 'Power Lunch' to discuss the outlook for home builders and the impact from inflation on them.

Other symbols: EXPSUMVMC
2 months ago - CNBC Television

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 addin...

3 months ago - Seeking Alpha

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 B...

3 months ago - Seeking Alpha

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 Ex...

4 months ago - Seeking Alpha

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 Ful...

4 months ago - GlobeNewsWire

The Final Peak Week Of The Q2 Season Begins Amid Souring Economic Data

This marks the last peak week of the Q2 earnings season with 3,908 companies expected to report. Earnings have come in better-than-expected, but tend to be overshadowed by economic data. Outlier earni...

4 months ago - Seeking Alpha

Martin Marietta Announces Second-Quarter 2024 Earnings Conference Call

RALEIGH, N.C., July 15, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) (“Martin Marietta” or the “Company”) will host its second-quarter 2024 earnings conference call on Thursday,...

5 months ago - GlobeNewsWire

Final Trade: GDX, MLM, SLV

The final trades of the day with the Fast Money traders.

Other symbols: GDXSLV
5 months ago - CNBC Television

Our Top 10 Dividend Growth Stocks - May 2024

This article focuses on selecting high-growth dividend stocks with rapidly growing dividends rather than high current yields. We use our proprietary models to rate quantitatively and qualitatively and...

Other symbols: AVGOBACBROCICSLDKSFIX
7 months ago - Seeking Alpha

ALBEMARLE AND MARTIN MARIETTA SIGN INNOVATIVE AGREEMENT FOR BENEFICIAL USE OF MATERIAL FROM KINGS MOUNTAIN MINE

Part of proceeds from agreement to support investment in local communities  CHARLOTTE, N.C., May 8, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential eleme...

Other symbols: ALB
7 months ago - PRNewsWire

Martin Marietta Materials, Inc. (MLM) Q1 2024 Earnings Call Transcript

Martin Marietta Materials, Inc. (NYSE:MLM) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Jacklyn Rooker - Director, Investor Relations Howard Nye - Chair and Chief ...

7 months ago - Seeking Alpha

Martin Marietta Reports First-Quarter 2024 Results

First-Quarter Aggregates Gross Profit Per Ton Increased 14 Percent to $6.53 Magnesia Specialties Achieved Record Quarterly Gross Profit Quarter Highlights Include Significant Portfolio Enhancements Fu...

7 months ago - GlobeNewsWire

Our Top 10 Dividend Growth Stocks - April 2024

This article focuses on selecting high-growth dividend stocks that have rapidly grown their dividends in the recent past, rather than simply sport a high current yield. We use our proprietary models t...

Other symbols: ARESAVGOCICSLDKSFIXHIG
8 months ago - Seeking Alpha

Blue Water Industries Completes Sale of Certain Aggregates Operations to Martin Marietta

JACKSONVILLE, Fla, April 08, 2024 (GLOBE NEWSWIRE) -- Blue Water Industries announced today it completed the sale of 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennesse...

8 months ago - GlobeNewsWire

Martin Marietta Completes Acquisition of Aggregates Operations From Affiliates of Blue Water Industries LLC and Announces First-Quarter 2024 Earnings Conference Call

RALEIGH, N.C., April 08, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company) today announced that, on April 5, 2024, it completed its previously annou...

8 months ago - GlobeNewsWire

This boring sector is becoming sexy again

Some of the hardest companies to get excited about are construction companies. There is no revolutionary technology like AI, no thrilling growth like in biotech.

Other symbols: PWRVMC
8 months ago - Market Watch

Martin Marietta: An Impressive Investment Case, But Shares Appear Fully Valued

Martin Marietta Materials Inc. is currently slightly below its all-time high, despite recent share price declines. The company reported solid Q4 earnings results, with revenue growth and earnings-per-...

9 months ago - Seeking Alpha