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 used in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries. The company also manufactures and markets magnesia-based chemical products for the industrial, agricultural, and environmental applications; and dolomitic lime primarily for customers in the steel and mining industries. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. The company was founded in 1939 and is headquartered in Raleigh, North Carolina.
IPO Year: 1994
Exchange: NYSE
Website: martinmarietta.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/7/2024 | $730.00 | Buy | UBS |
| 3/22/2024 | $530.00 → $600.00 | Overweight → Neutral | JP Morgan |
| 3/8/2024 | Outperform → Peer Perform | Wolfe Research | |
| 2/22/2024 | $376.00 → $543.00 | Reduce → Hold | HSBC Securities |
| 1/8/2024 | $595.00 | Overweight | Morgan Stanley |
| 12/12/2023 | $490.00 → $530.00 | Neutral → Overweight | JP Morgan |
| 10/24/2023 | $520.00 | Neutral → Buy | Seaport Research Partners |
| 9/15/2023 | $376.00 | Reduce | HSBC Securities |
| 7/6/2023 | $450.00 → $470.00 | Overweight → Neutral | JP Morgan |
| 4/3/2023 | $420.00 → $428.00 | Neutral → Buy | Goldman |
3 - MARTIN MARIETTA MATERIALS INC (0000916076) (Issuer)
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4 - MARTIN MARIETTA MATERIALS INC (0000916076) (Issuer)
4 - MARTIN MARIETTA MATERIALS INC (0000916076) (Issuer)
4 - MARTIN MARIETTA MATERIALS INC (0000916076) (Issuer)
4 - MARTIN MARIETTA MATERIALS INC (0000916076) (Issuer)
4 - MARTIN MARIETTA MATERIALS INC (0000916076) (Issuer)
4 - MARTIN MARIETTA MATERIALS INC (0000916076) (Issuer)
4 - MARTIN MARIETTA MATERIALS INC (0000916076) (Issuer)
4 - MARTIN MARIETTA MATERIALS INC (0000916076) (Issuer)
Martin Marietta Materials (NYSE:MLM) has outperformed the market over the past 20 years by 5.31% on an annualized basis producing an average annual return of 13.72%. Currently, Martin Marietta Materials has a market capitalization of $34.46 billion. Buying $1000 In MLM: If an investor had bought $1000 of MLM stock 20 years ago, it would be worth $13,250.00 today based on a price of $559.08 for MLM at the time of writing. Martin Marietta Materials's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was genera
Martin Marietta Materials's (NYSE:MLM) short percent of float has risen 13.59% since its last report. The company recently reported that it has 1.27 million shares sold short, which is 2.34% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.35 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Sho
Jefferies analyst Philip Ng maintains Martin Marietta Materials (NYSE:MLM) with a Buy and raises the price target from $660 to $665.
Citigroup analyst Anthony Pettinari maintains Martin Marietta Materials (NYSE:MLM) with a Buy and lowers the price target from $696 to $658.
Martin Marietta Materials (NYSE:MLM) has outperformed the market over the past 5 years by 5.43% on an annualized basis producing an average annual return of 18.72%. Currently, Martin Marietta Materials has a market capitalization of $32.71 billion. Buying $1000 In MLM: If an investor had bought $1000 of MLM stock 5 years ago, it would be worth $2,411.97 today based on a price of $530.67 for MLM at the time of writing. Martin Marietta Materials's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated
Loop Capital analyst Garik Shmois maintains Martin Marietta Materials (NYSE:MLM) with a Buy and lowers the price target from $710 to $630.
Analysts' ratings for Martin Marietta Materials (NYSE:MLM) over the last quarter vary from bullish to bearish, as provided by 4 analysts. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 3 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $681.25, with a high estimate of $737.00 and a low estimate of $630.00. Observing a 6.95% increase, the current a
Stifel analyst Stanley Elliott maintains Martin Marietta Materials (NYSE:MLM) with a Buy and lowers the price target from $650 to $630.
Martin Marietta Materials (NYSE:MLM) has outperformed the market over the past 5 years by 7.46% on an annualized basis producing an average annual return of 20.59%. Currently, Martin Marietta Materials has a market capitalization of $35.00 billion. Buying $1000 In MLM: If an investor had bought $1000 of MLM stock 5 years ago, it would be worth $2,515.48 today based on a price of $567.80 for MLM at the time of writing. Martin Marietta Materials's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated
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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 quarterly cash dividend of $0.79 per share on the Company's outstanding common stock. This dividend, which represents a cash dividend of $3.16 per share on an annualized basis, is payable December 31, 2024, to shareholders of record at the close of business on December 2, 2024. Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of building materials, including aggregates, cement, ready mixed concrete and asphalt. Through a network of operations spa
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 Pure Aggregates Assets in South Florida and Southern California RALEIGH, N.C., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) ("Martin Marietta" or the "Company"), a leading national supplier of aggregates and heavy building materials, today reported results for the third quarter ended September 30, 2024. Third-Quarter Highlights (Financial highlights are for continuing operations) Quarter Ended September 30,(In millions, except per share
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, October 30, 2024, at 10:00 a.m. Eastern Time. The Company will release results for the quarter ended September 30, 2024, that morning before the market opens. A live, listen-only webcast and supplemental information will be accessible on the Investors section of the Company's website at www.martinmarietta.com. The conference call may also be accessed by dialing +1 (646) 307-1963 and using conference ID 7309939. Please dial in at least 15 minutes in advance to ensure a timely connection t
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 increase in its quarterly cash dividend, raising it from $0.74 per share to $0.79 per share on the Company's outstanding common stock. This dividend, representing a cash dividend of $3.16 per share on an annualized basis, is payable September 30, 2024, to shareholders of record at the close of business on September 3, 2024. Ward Nye, Chair, President and Chief Executive Officer, stated, "Today's announced dividend increase marks our ninth consecutive year of doing so, extending Martin Marietta'
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 Full-Year Guidance RALEIGH, N.C., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) ("Martin Marietta" or the "Company"), a leading national supplier of aggregates and heavy building materials, today reported results for the second quarter ended June 30, 2024. Second-Quarter Highlights (Financial highlights are for continuing operations) Quarter Ended June 30,(In millions, except per share and per ton)2024 2023 % ChangeRevenues1$1,764 $1,821 (3)%Gross profit2$
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, August 8, 2024, at 10:00 a.m. Eastern Time. The Company will release results for the quarter ended June 30, 2024, that morning before the market opens. A live, listen-only webcast and supplemental information will be accessible on the Investors section of the Company's website at www.martinmarietta.com. The conference call may also be accessed by dialing +1 (646) 564-2877 and using conference ID 07179. Please dial in at least 15 minutes in advance to ensure a timely connection to the call. A
RALEIGH, N.C., May 16, 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 quarterly cash dividend of $0.74 per share on the Company's outstanding common stock. This dividend, which represents a cash dividend of $2.96 per share on an annualized basis, is payable June 28, 2024, to shareholders of record at the close of business on June 3, 2024. Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of building materials, including aggregates, cement, ready mixed concrete and asphalt. Through a network of operations spanning 28
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 Full-Year 2024 Guidance Raised to $2.37 Billion at the Midpoint RALEIGH, N.C., April 30, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) ("Martin Marietta" or the "Company"), a leading national supplier of aggregates and heavy building materials, today reported results for the first quarter ended March 31, 2024. First-Quarter Highlights(Financial highlights are for continuing operations) Quarter Ended March 31,(In millions, except per share) 2024 2023 % ChangeTotal r
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 announced acquisition of 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash. This portfolio optimizing transaction improves the Company's product mix, margin profile and durability through economic cycles by adding another pure aggregates business to its already aggregates-led portfolio. Ward Nye, Chairman, President and CEO of Martin Marietta stated, "The BWI South
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 quarterly cash dividend of $0.74 per share on the Company's outstanding common stock. This dividend, which represents a cash dividend of $2.96 per share on an annualized basis, is payable March 28, 2024, to shareholders of record at the close of business on March 4, 2024. Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of building materials, including aggregates, cement, ready mixed concrete and asphalt. Through a network of operations spanning
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 quarterly cash dividend of $0.79 per share on the Company's outstanding common stock. This dividend, which represents a cash dividend of $3.16 per share on an annualized basis, is payable December 31, 2024, to shareholders of record at the close of business on December 2, 2024. Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of building materials, including aggregates, cement, ready mixed concrete and asphalt. Through a network of operations spa
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 principal amount of 5.150% Senior Notes due 2034 (the "2034 Notes") and $750 million aggregate principal amount of 5.500% Senior Notes due 2054 (the "2054 Notes" and, together with the 2034 Notes, the "Notes"). The 2034 Notes will mature on December 1, 2034, will have an interest rate of 5.150% per annum and will be issued at 99.266% of par value. The 2054 Notes will mature on December 1, 2054, will have an interest rate of 5.500% per annum and will be issued at 98.006% of par value. Interest o
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 Pure Aggregates Assets in South Florida and Southern California RALEIGH, N.C., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) ("Martin Marietta" or the "Company"), a leading national supplier of aggregates and heavy building materials, today reported results for the third quarter ended September 30, 2024. Third-Quarter Highlights (Financial highlights are for continuing operations) Quarter Ended September 30,(In millions, except per share
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, October 30, 2024, at 10:00 a.m. Eastern Time. The Company will release results for the quarter ended September 30, 2024, that morning before the market opens. A live, listen-only webcast and supplemental information will be accessible on the Investors section of the Company's website at www.martinmarietta.com. The conference call may also be accessed by dialing +1 (646) 307-1963 and using conference ID 7309939. Please dial in at least 15 minutes in advance to ensure a timely connection t
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 increase in its quarterly cash dividend, raising it from $0.74 per share to $0.79 per share on the Company's outstanding common stock. This dividend, representing a cash dividend of $3.16 per share on an annualized basis, is payable September 30, 2024, to shareholders of record at the close of business on September 3, 2024. Ward Nye, Chair, President and Chief Executive Officer, stated, "Today's announced dividend increase marks our ninth consecutive year of doing so, extending Martin Marietta'
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 Full-Year Guidance RALEIGH, N.C., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) ("Martin Marietta" or the "Company"), a leading national supplier of aggregates and heavy building materials, today reported results for the second quarter ended June 30, 2024. Second-Quarter Highlights (Financial highlights are for continuing operations) Quarter Ended June 30,(In millions, except per share and per ton)2024 2023 % ChangeRevenues1$1,764 $1,821 (3)%Gross profit2$
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, August 8, 2024, at 10:00 a.m. Eastern Time. The Company will release results for the quarter ended June 30, 2024, that morning before the market opens. A live, listen-only webcast and supplemental information will be accessible on the Investors section of the Company's website at www.martinmarietta.com. The conference call may also be accessed by dialing +1 (646) 564-2877 and using conference ID 07179. Please dial in at least 15 minutes in advance to ensure a timely connection to the call. A
RALEIGH, N.C., May 16, 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 quarterly cash dividend of $0.74 per share on the Company's outstanding common stock. This dividend, which represents a cash dividend of $2.96 per share on an annualized basis, is payable June 28, 2024, to shareholders of record at the close of business on June 3, 2024. Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of building materials, including aggregates, cement, ready mixed concrete and asphalt. Through a network of operations spanning 28
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 elements for mobility, energy, connectivity, and health, announced an innovative agreement with Martin Marietta Materials, Inc. (NYSE:MLM) a leading supplier of building materials — including aggregate, cement, ready mixed concrete and asphalt — to make beneficial use of extracted limestone material from Albemarle's proposed Kings Mountain Mine project. This agreement is part of Albemarle's plan to resume lithium mining operations at the Kings Mountain Mine in an environmentally and socially responsi
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 Full-Year 2024 Guidance Raised to $2.37 Billion at the Midpoint RALEIGH, N.C., April 30, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) ("Martin Marietta" or the "Company"), a leading national supplier of aggregates and heavy building materials, today reported results for the first quarter ended March 31, 2024. First-Quarter Highlights(Financial highlights are for continuing operations) Quarter Ended March 31,(In millions, except per share) 2024 2023 % ChangeTotal r
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UBS initiated coverage of Martin Marietta with a rating of Buy and set a new price target of $730.00
JP Morgan downgraded Martin Marietta from Overweight to Neutral and set a new price target of $600.00 from $530.00 previously
Wolfe Research downgraded Martin Marietta from Outperform to Peer Perform
HSBC Securities upgraded Martin Marietta from Reduce to Hold and set a new price target of $543.00 from $376.00 previously
Morgan Stanley initiated coverage of Martin Marietta with a rating of Overweight and set a new price target of $595.00
JP Morgan upgraded Martin Marietta from Neutral to Overweight and set a new price target of $530.00 from $490.00 previously
Seaport Research Partners upgraded Martin Marietta from Neutral to Buy and set a new price target of $520.00
HSBC Securities initiated coverage of Martin Marietta with a rating of Reduce and set a new price target of $376.00
JP Morgan downgraded Martin Marietta from Overweight to Neutral and set a new price target of $470.00 from $450.00 previously
Goldman upgraded Martin Marietta from Neutral to Buy and set a new price target of $428.00 from $420.00 previously