Martin Marietta Materials, Inc. (MLM)

NYSE: MLM · IEX Real-Time Price · USD
592.92
-2.32 (-0.39%)
Apr 17, 2024, 4:00 PM EDT - Market closed
-0.39%
Market Cap 36.66B
Revenue (ttm) 6.78B
Net Income (ttm) 1.17B
Shares Out 61.82M
EPS (ttm) 18.88
PE Ratio 31.40
Forward PE 27.75
Dividend $2.96 (0.50%)
Ex-Dividend Date Mar 1, 2024
Volume 492,762
Open 596.66
Previous Close 595.24
Day's Range 590.44 - 600.05
52-Week Range 343.79 - 626.67
Beta 0.95
Analysts Strong Buy
Price Target 588.14 (-0.81%)
Earnings Date Apr 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, MLM'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 $588.14, which is a decrease of -0.81% from the latest price.

Price Target
$588.14
(-0.81% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

10 days 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...

10 days 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
16 days ago - Market Watch

Martin Marietta Declares Quarterly Cash Dividend

RALEIGH, N.C., Feb. 22, 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...

7 weeks ago - GlobeNewsWire

Martin Marietta Reports Fourth-Quarter and Full-Year 2023 Results

Achieved Full-Year Records for Revenues, Profitability and Safety Performance Full-Year Aggregates Unit Profitability Improved 46.4 Percent Strong Balance Sheet Poised for Continued Strategic Plan Exe...

2 months ago - GlobeNewsWire

Martin Marietta strengthens construction material supplies with deal for Blue Water units

Building material supplier Martin Marietta said on Monday it would acquire 20 active aggregates operations of Blue Water Industries for $2.05 billion in cash.

2 months ago - Reuters

Blue Water Industries to Sell Certain Aggregates Operations to Martin Marietta

JACKSONVILLE, Fla., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Blue Water Industries LLC announced today it has entered into a definitive agreement with Martin Marietta Materials, Inc. (NYSE: MLM) under which ...

2 months ago - GlobeNewsWire

Martin Marietta Announces Acquisition of Aggregates Operations From Affiliates of Blue Water Industries LLC; Company Also Completes South Texas Cement and Concrete Divestiture

RALEIGH, N.C., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company) today announced that on February 11, 2024, it entered into a definitive ag...

2 months ago - GlobeNewsWire

Martin Marietta Announces Fourth-Quarter and Full-Year 2023 Earnings Conference Call

RALEIGH, N.C., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) will host its fourth-quarter and full-year 2023 earnings conference ca...

2 months ago - GlobeNewsWire

Martin Marietta Completes Acquisition of Albert Frei & Sons, Inc.

RALEIGH, N.C., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that it completed the acquisition of Albert Frei & Son...

3 months ago - GlobeNewsWire

BetterInvesting™ Magazine Update on Vertex Pharmaceuticals Inc. and Martin Marietta Materials Inc.

TROY, Mich. , Jan. 10, 2024 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) as its "Stock ...

Other symbols: VRTX
3 months ago - PRNewsWire

CRH to buy $2.1 billion for South Texas cement operations of Martin Marietta Materials

CRH CRH said it's paying $2.1 billion for South Texas cement operations from Martin Marietta Materials MLM. CRH, which separately reported earnings, said the combined portfolio of assets is expected t...

Other symbols: CRH
5 months ago - Market Watch

Martin Marietta to Divest South Texas Cement and Related Concrete Operations to CRH plc

RALEIGH, N.C., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that it has entered into a definitive agreement to sel...

5 months ago - GlobeNewsWire

Martin Marietta Reports Third-Quarter 2023 Results

Achieved Record Quarterly Consolidated Revenues, Profitability and Margins Aggregates Gross Profit Per Ton Increased 42.4 Percent to $7.89 Robust Earnings Growth Reinforces Benefits of Value-Over-Volu...

6 months ago - GlobeNewsWire

Martin Marietta Announces Third-Quarter 2023 Earnings Conference Call

RALEIGH, N.C., Oct. 09, 2023 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) (“Martin Marietta” or the “Company”) will host its third-quarter 2023 earnings conference call on Wednesday,...

6 months ago - GlobeNewsWire

Martin Marietta to Sell Certain West Coast Cement Operations to UNACEM

RALEIGH, N.C., Aug. 24, 2023 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that it has entered into a definitive agreement to sel...

8 months ago - GlobeNewsWire

Here are 16 stocks Jim Cramer is watching, including J&J split-off Kenvue, Petco, GM

Here are some of the tickers on my radar for Thursday, Aug. 24, taken directly from my reporter's notebook.

8 months ago - CNBC

Stock screen spotlights 20 companies whose 2024 earnings estimates have risen most sharply

With another earnings season almost complete, it might be useful for investors to look further ahead. Each earnings season, we can see 70% to 80% of the S&P 500 “beating” consensus quarterly profit es...

Other symbols: AMZNARECATDHIGEIRMKLAC
8 months ago - Market Watch

Daily Dividend Report: Martin Marietta Materials, Tyson Foods, Weyerhaeuser, J & J Snack Foods, Spirit Realty Capital

Daily Dividend Report: Martin Marietta Materials, Tyson Foods, Weyerhaeuser, J & J Snack Foods, Spirit Realty Capital

Other symbols: SRCTSNWYJJSF
8 months ago - Forbes

Martin Marietta board hikes dividend by 12%

Martin Marietta Materials Inc. MLM, +1.35% said Thursday its board approved a 12% hike to its dividend. The building-materials supplier said the board raised the quarterly dividend to 74 cents a share...

8 months ago - Market Watch

Martin Marietta Increases Quarterly Cash Dividend

RALEIGH, N.C., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that its Board of Directors approved a 12 percent incr...

8 months ago - GlobeNewsWire

Martin Marietta Reports Second-Quarter 2023 Results

Established Quarterly Records for Revenues, Profitability and Unit Margins Second-Quarter Aggregates Gross Profit Per Ton Increased 27.9 Percent to $6.80 Raised Full-Year 2023 Adjusted EBITDA Guidance...

9 months ago - GlobeNewsWire

Martin Marietta Announces Second-Quarter 2023 Earnings Conference Call

RALEIGH, N.C., July 10, 2023 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) (“Martin Marietta” or the “Company”) will host its second-quarter 2023 earnings conference call on Thursday,...

10 months ago - GlobeNewsWire

Martin Marietta Reports First-Quarter 2023 Results

Achieved First-Quarter Records for Revenues, Profitability and Unit Margins Aggregates Gross Profit Per Ton of $5.70 Forecasting $1.9 Billion of 2023 Adjusted EBITDA Consistent with the High End of Gu...

1 year ago - GlobeNewsWire

Martin Marietta Announces First-Quarter 2023 Earnings Conference Call

RALEIGH, N.C., April 11, 2023 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) (“Martin Marietta” or the “Company”) will host its first-quarter 2023 earnings conference call on Thursday,...

1 year ago - GlobeNewsWire