Martin Marietta Materials (NYSE:MLM) Announces Quarterly Earnings Results

Martin Marietta Materials (NYSE:MLM) announced its quarterly earnings results on Wednesday. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.17, Zacks reports. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. Martin Marietta Materials updated its FY 2025 guidance to EPS.

Martin Marietta Materials Stock Down 2.3 %

Shares of MLM stock opened at $516.72 on Thursday. Martin Marietta Materials has a fifty-two week low of $482.72 and a fifty-two week high of $633.23. The firm has a market capitalization of $31.58 billion, a PE ratio of 16.10, a P/E/G ratio of 4.62 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. The stock’s 50-day simple moving average is $538.08 and its 200-day simple moving average is $549.88.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MLM. Morgan Stanley dropped their price objective on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. StockNews.com cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 8th. Hsbc Global Res upgraded shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Barclays increased their target price on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $515.00 to $640.00 in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $648.71.

About Martin Marietta Materials

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.