Martin Marietta Materials, Inc. (MLM)

NYSE: MLM · Real-Time Price · USD
518.65
-5.46 (-1.04%)
Oct 7, 2024, 4:00 PM EDT - Market closed
-1.04%
Market Cap 31.70B
Revenue (ttm) 6.62B
Net Income (ttm) 2.04B
Shares Out 61.12M
EPS (ttm) 32.90
PE Ratio 15.74
Forward PE 25.98
Dividend $3.16 (0.61%)
Ex-Dividend Date Sep 3, 2024
Volume 308,029
Open 520.00
Previous Close 524.11
Day's Range 516.13 - 521.20
52-Week Range 389.90 - 626.67
Beta 0.91
Analysts Strong Buy
Price Target 633.17 (+22.08%)
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 13 analysts, the average rating for MLM stock is "Strong Buy." The 12-month stock price forecast is $633.17, which is an increase of 22.08% from the latest price.

Price Target
$633.17
(22.08% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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.

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25 days 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...

5 weeks 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...

6 weeks ago - Seeking Alpha

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 i...

7 weeks ago - GlobeNewsWire

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...

2 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...

2 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...

2 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,...

3 months ago - GlobeNewsWire

Final Trade: GDX, MLM, SLV

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

Other symbols: GDXSLV
3 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
5 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
5 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 ...

5 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...

5 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
6 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...

6 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...

6 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
6 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-...

7 months ago - Seeking Alpha

Martin Marietta Materials, Inc. (MLM) Q4 2023 Earnings Call Transcript

Martin Marietta Materials, Inc. (MLM) Q4 2023 Earnings Call Transcript

8 months ago - Seeking Alpha

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...

8 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.

8 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 ...

8 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...

8 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...

8 months ago - GlobeNewsWire

Our Top 10 Dividend Growth Stocks - January 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 to...

9 months ago - Seeking Alpha