Martin Marietta Materials (MLM) – Research Analysts’ Recent Ratings Changes

Martin Marietta Materials (NYSE: MLM) recently received a number of ratings updates from brokerages and research firms:

• 1/9/2025 – Martin Marietta Materials was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 1/8/2025 – Martin Marietta Materials was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $563.00 price target on the stock.
• 1/6/2025 – Martin Marietta Materials had its price target lowered by analysts at Citigroup Inc. from $701.00 to $600.00. They now have a “buy” rating on the stock.
• 1/1/2025 – Martin Marietta Materials was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 12/17/2024 – Martin Marietta Materials had its price target lowered by analysts at Morgan Stanley from $657.00 to $622.00. They now have an “overweight” rating on the stock.
• 12/11/2024 – Martin Marietta Materials was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating.
• 12/11/2024 – Martin Marietta Materials was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $690.00 price target on the stock.
• 12/10/2024 – Martin Marietta Materials was downgraded by analysts at BNP Paribas from a “strong-buy” rating to a “hold” rating.
• 12/2/2024 – Martin Marietta Materials was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/27/2024 – Martin Marietta Materials was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $640.00 price target on the stock, up previously from $515.00.
• 11/21/2024 – Martin Marietta Materials was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Martin Marietta Materials Stock Performance

Shares of MLM stock opened at $517.68 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average price of $560.90 and a 200-day moving average price of $551.05. Martin Marietta Materials, Inc. has a 52 week low of $489.90 and a 52 week high of $633.23. The firm has a market capitalization of $31.64 billion, a PE ratio of 16.13, a P/E/G ratio of 3.74 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.94 billion. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the firm posted $6.94 EPS. As a group, equities research analysts expect that Martin Marietta Materials, Inc. will post 17.58 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Monday, December 2nd. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. lifted its stake in shares of Martin Marietta Materials by 411.1% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock worth $25,000 after purchasing an additional 37 shares during the period. Asset Dedication LLC increased its holdings in Martin Marietta Materials by 1,300.0% during the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after buying an additional 52 shares during the last quarter. First Personal Financial Services bought a new position in Martin Marietta Materials in the third quarter worth approximately $33,000. Larson Financial Group LLC bought a new stake in shares of Martin Marietta Materials during the 3rd quarter valued at $49,000. Finally, Tobam increased its stake in shares of Martin Marietta Materials by 38.8% in the 3rd quarter. Tobam now owns 93 shares of the construction company’s stock worth $50,000 after purchasing an additional 26 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.