Martin Marietta Materials 株価情報 (NYSE: MLM)

最新ニュース Martin Marietta Materials (NYSE:MLM) 株価情報

Martin Marietta Materials

Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2023, Martin Marietta sold 199 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.

Martin Marietta Materials, Inc. Common Stock

Martin Marietta Materials Inc

MCFARLANE LAKE MINING LTD by McFarlane Lake Mining Limited

McFarlane Lake Mining Ltd

MILLENNIUM PRIME INC by Millennium Prime, Inc.

Millennium Prime Inc

Metallica Minerals Ltd

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58072986846faa000106abc6/joseph-moore">Morgan Stanley analyst Joseph Moore</a> initiated coverage on Allegro MicroSystems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>) with an Equal-Weight rating and announced a price target of $21. Allegro Microsystems shares closed at $22.01 on Wednesday. <a href="https://www.benzinga.com/quote/ALGM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Steven Fisher initiated coverage on Vulcan Materials Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMC#NYSE">VMC</a>) with a Buy rating and announced a price target of $349. Vulcan Materials shares closed at $290.45 on Wednesday. <a href="https://www.benzinga.com/quote/VMC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586e4054351b9b00018beea0/julien-dumoulin-smith">Jefferies analyst Julien Dumoulin-Smith</a> initiated coverage on Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) with a Buy rating and announced a price target of $93. Crocs shares closed at $81.17 on Wednesday. <a href="https://www.benzinga.com/quote/EIX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Steven Fisher initiated coverage on Martin Marietta Materials, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) with a Buy rating and announced a price target of $730. Martin Marietta Materials shares closed at $617.31 on Wednesday. <a href="https://www.benzinga.com/quote/MLM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Maxim Group analyst Jason McCarthy initiated coverage on Quince Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QNCX#NASDAQ">QNCX</a>) with a Buy rating and announced a price target of $6. Quince Therapeutics shares closed at $1.46 on Wednesday. <a href="https://www.benzinga.com/quote/QNCX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying EIX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="567" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07081327/image-77-1024x567.png" alt="" class="wp-image-635189" style="width:560px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07081327/image-77-1024x567.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07081327/image-77-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07081327/image-77-768x425.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07081327/image-77.png 1188w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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News

Initiation

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

ALGM

DLTR

QNCX

This Edison International Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday

UBS analyst Steven Fisher initiates coverage on Martin Marietta Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) with a Buy rating and announces Price Target of $730.

Price Target

UBS Initiates Coverage On Martin Marietta Materials with Buy Rating, Announces Price Target of $730

This year&#8217;s <a href="https://www.benzinga.com/markets/esg/24/05/39012013/noaa-meteorologists-predict-aggressive-hurricane-season-what-it-means-for-home-depot-generac-other-s">hurricane season </a>is a deadly one for the eastern and Gulf Coast of the U.S. Several companies and ETFs could be affected by another tropical storm nearing the Gulf Coast.
The Storm: Tropical Storm Rafael, the 17th named storm of the 2024 season, formed in the Caribbean, <a href="https://www.nbcnews.com/weather/hurricanes/tropical-storm-rafael-forms-expected-hurricane-rcna178632">according</a> to NBC.
The storm passed by Jamaica on Tuesday. It is expected to strengthen into a hurricane on Tuesday near the Cayman Islands and pass over Western Cuba. From there, it will likely weaken into a tropical storm before making landfall near New Orleans. The path may change drastically before impacting the U.S.
The heaviest rain of up to 10 inches is expected in Jamaica.
Market Impacts: With a projected path in the Gulf of Mexico, Rafael could disrupt offshore oil and gas production, which could impact companies operating there.
Potentially affected stocks include major energy companies like Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), and Occidental Petroleum Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), and ETFs like SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>) and Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>).
Storms in the Gulf of Mexico can also disrupt refining operations, which could impact refiners such as Marathon Petroleum Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) and Valero Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>).
Construction companies like Vulcan Materials Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMC#NYSE">VMC</a>) and Martin Marietta Materials Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) might benefit from increased demand for repairs and rebuilding.
Recent extreme weather activity is linked to climate change. Hurricanes, which will become even more frequent over time, may encourage homeowners to purchase home generators. Generac Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) is the largest producer of home generators in the U.S.
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Photo: Tropical Storm Rafael, 11.5.2024. Courtesy NOAA/Public Domain

Equities

Sector ETFs

Commodities

ETFs

GNRC

Tropical Storm Rafael Could Make US Landfall: 11 Stocks, ETFs To Watch

Offerings

Martin Marietta Reports Pricing Of Its Offering Of $750M Of 5.150% Senior Notes Due 2034 And $750M Of 5.500% Senior Notes Due 2054

Loop Capital analyst Garik Shmois maintains Martin Marietta Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) with a Buy and raises the price target from $600 to $680.

Loop Capital Maintains Buy on Martin Marietta Materials, Raises Price Target to $680

WIIM

Martin Marietta Materials shares are trading higher. The company reported Q3 financial results.

Martin Marietta Materials Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) reported a&nbsp;third-quarter revenue decline of&nbsp;5% to&nbsp;$1.889 billion,&nbsp;missing the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41620752/martin-marietta-reports-third-quarter-2024-results" rel="noreferrer noopener">consensus of&nbsp;$1.934 billion</a>.
Gross profit was&nbsp;$599 million (-11%), and the margin contracted to&nbsp;32%&nbsp;from&nbsp;34% a year ago.&nbsp;
Building Materials business revenue was&nbsp;$1.8 billion (-6%), and the corresponding gross profit was&nbsp;$588&nbsp;million (-9%).
Aggregate shipments decreased by&nbsp;3.9%&nbsp;to 53.7&nbsp;million tons, while the average selling price increased by&nbsp;7.7% (or&nbsp;8.9%&nbsp;on an organic mix-adjusted basis) to $21.52 per ton.
Adjusted EBITDA declined&nbsp;8% to&nbsp;$646 million in the quarter. EPS&nbsp;fell 15% to&nbsp;$5.91, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missing the consensus of&nbsp;$6.32</a>.
Martin Marietta&#8217;s operating cash flow for the nine months stood at&nbsp;$773&nbsp;million, compared with&nbsp;$973&nbsp;million for the prior year.
The company held&nbsp;$52&nbsp;million of cash and cash equivalents and&nbsp;$1.1 billion of unused borrowing capacity on its existing credit facilities as of September&nbsp;30, 2024.
The company returned&nbsp;$591&nbsp;million to shareholders through dividend payments and share repurchases during the nine-months. As of September&nbsp;30, there were 11.9 million shares remaining under the current repurchase authorization.
Martin Marietta CEO&nbsp;Ward Nye said, &#8220;Significant July precipitation together with Tropical Storm Debby in North Carolina, Hurricane Beryl in Texas and Hurricane Helene across much of our Southeast footprint all occurred during the quarter.&#8221;
&#8220;Although these events are short-term and temporary, they nonetheless adversely impacted our&nbsp;third-quarter&nbsp;product shipments, geographic mix and financial results..,&#8221; Nye added.
<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">2024&nbsp;Guidance Revised</a>: Martin Marietta Materials lowered revenues to&nbsp;$6.450 billion -$6.705 billion (from $6.50 billion &#8211; $6.94 billion)&nbsp;vs. consensus&nbsp;$6.61 billion and adjusted EBITDA to&nbsp;$2.015 billion-$2.115 billion <a target="_blank" href="https://www.benzinga.com//node/40252844" rel="noreferrer noopener">(from&nbsp;$2.10 billion &#8211; $2.30&nbsp;billion prior)</a>.
The company now expects average selling price growth of&nbsp;9.0% &#8211; 11.0% for Aggregates.&nbsp;
Nye added, &#8220;Looking ahead to 2025 and beyond, we expect to benefit from record levels of federal and state investments in highways, streets and bridges. Additionally, reshoring and the build-out of artificial intelligence infrastructure should provide steady growth in these aggregates-intensive end markets for years to come.&#8221;
&#8220;Further, although higher interest rates continue to affect residential construction activity, we are encouraged by recent Federal Reserve policy actions and the likelihood of more interest rate cuts later this year, which should support a recovery in housing and, subsequently, light nonresidential construction activity.&#8221;
&#8220;Importantly, we fully expect our aggregates price/cost spread to continue to expand over time, driving improvement in unit profitability through macroeconomic cycles.&#8221;
Investors can gain exposure to the stock via&nbsp;TCW Transform Supply Chain ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPP#NYSE">SUPP</a>) and&nbsp;Invesco Building &amp; Construction ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKB#NYSE">PKB</a>).
Price Action: MLM shares are up 2.62% at $599.15 at the last check Wednesday.
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Earnings

Large Cap

Guidance

Movers

PowerShares ETF Trust Dynamic Building &nstruction Portfolio

SUPP

Martin Marietta Faces Headwinds: Q3 Revenue Declines Amid Severe Weather Impacts, Revises Outlook

Revised Full-Year 2024 Guidance
The Company's 2024 revised guidance below includes all acquisitions completed through September 30, 2024, as of their respective closing dates.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="8">2024 GUIDANCE</td>
</tr>
<tr>
<td>(Dollars in Millions)</td>
<td colspan="2">Low &#x2A;</td>
<td colspan="2">High &#x2A;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Consolidated</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Revenues1</td>
<td>$</td>
<td>6,450</td>
<td>$</td>
<td>6,705</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Interest expense, net of interest income</td>
<td>$</td>
<td>130</td>
<td>$</td>
<td>140</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Estimated tax rate2</td>
<td>22.5</td>
<td>%</td>
<td>23.5</td>
<td>%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Net earnings from continuing operations attributable to Martin Marietta3,4</td>
<td>$</td>
<td>1,960</td>
<td>$</td>
<td>2,020</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Adjusted EBITDA5</td>
<td>$</td>
<td>2,015</td>
<td>$</td>
<td>2,115</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Capital expenditures</td>
<td>$</td>
<td>850</td>
<td>$</td>
<td>900</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Building Materials Business</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Aggregates</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Volume % change6</td>
<td>(4.0</td>
<td>)%</td>
<td>(2.5</td>
<td>)%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>ASP % change7</td>
<td>9.0</td>
<td>%</td>
<td>11.0</td>
<td>%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Gross profit4</td>
<td>$</td>
<td>1,410</td>
<td>$</td>
<td>1,470</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Cement, Ready Mixed Concrete and Asphalt and Paving</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Gross profit</td>
<td>$</td>
<td>360</td>
<td>$</td>
<td>385</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Magnesia Specialties Business</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Gross profit</td>
<td>$</td>
<td>105</td>
<td>$</td>
<td>110</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
</tbody>
</table>
</figure>

Martin Marietta Materials Lowers FY24 Sales Guidance from $6.50B-$6.94B to $6.45B-$6.71B Vs. $6.61B Estimate

Martin Marietta Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) reported quarterly earnings of $5.91 per share which missed the analyst consensus estimate of $6.32 by 6.49 percent. This is a 14.84 percent decrease over earnings of $6.94 per share from the same period last year. The company reported quarterly sales of $1.889 billion which missed the analyst consensus estimate of $1.934 billion by 2.32 percent. This is a 5.27 percent decrease over sales of $1.994 billion the same period last year.

Earnings Misses

Martin Marietta Materials Q3 2024 GAAP EPS $5.91 Misses $6.32 Estimate, Sales $1.889B Miss $1.934B Estimate

Analysts' ratings for Martin Marietta Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $624.12, a high estimate of $670.00, and a low estimate of $515.00. This current average represents a 1.19% decrease from the previous average price target of $631.62. 
<img src="https://www.benzinga.com/files/images/story/2024/1730210502_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A comprehensive examination of how financial experts perceive Martin Marietta Materials is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Adam Seiden</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$645.00</td>
<td>$595.00</td>
</tr>
<tr>
<td>Philip Ng</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$635.00</td>
<td>$650.00</td>
</tr>
<tr>
<td>Adrian Heurta</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$515.00</td>
<td>$560.00</td>
</tr>
<tr>
<td>Angel Castillo</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$657.00</td>
<td>$610.00</td>
</tr>
<tr>
<td>Garik Shmois</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$615.00</td>
<td>$630.00</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$646.00</td>
<td>$658.00</td>
</tr>
<tr>
<td>Trey Grooms</td>
<td>Stephens &amp; Co.</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$610.00</td>
<td>$650.00</td>
</tr>
<tr>
<td>Keith Hughes</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$670.00</td>
<td>$700.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Martin Marietta Materials. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Martin Marietta Materials compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Martin Marietta Materials's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Martin Marietta Materials's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MLM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Martin Marietta Materials analyst ratings.</a>
<h2>Unveiling the Story Behind Martin Marietta Materials</h2>
Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2023, Martin Marietta sold 199 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.
<h3>Unraveling the Financial Story of Martin Marietta Materials</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Negative Revenue Trend: Examining Martin Marietta Materials's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -3.13% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Martin Marietta Materials's net margin is impressive, surpassing industry averages. With a net margin of 16.67%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Martin Marietta Materials's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.32%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Martin Marietta Materials's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.81%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.54.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Martin Marietta Materials: Insights From 8 Financial Analysts

Barclays analyst Adam Seiden maintains Martin Marietta Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) with a Overweight and raises the price target from $595 to $645.

Barclays Maintains Overweight on Martin Marietta Materials, Raises Price Target to $645

Martin Marietta Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) has outperformed the market over the past 20 years by 4.7% on an annualized basis producing an average annual return of 13.17%. Currently, Martin Marietta Materials has a market capitalization of $34.48 billion. 
Buying $1000 In MLM: If an investor had bought $1000 of MLM stock 20 years ago, it would be worth $11,813.40 today based on a price of $564.09 for MLM at the time of writing.
<h3>Martin Marietta Materials's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729785979_0.png" alt="comp_fig" />
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 by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 20 Years Ago Would Be Worth $12,000 Today

Martin Marietta Materials's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) short percent of float has risen 20.38% since its last report. The company recently reported that it has 1.68 million shares sold short, which is 3.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.54 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> 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.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Martin Marietta Materials Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729538120_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Martin Marietta Materials has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Martin Marietta Materials's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Martin Marietta Materials's peer group average for short interest as a percentage of float is 2.74%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(MLM) - Analyzing Martin Marietta Materials's Short Interest

Martin Marietta Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) has outperformed the market over the past 15 years by 1.03% on an annualized basis producing an average annual return of 12.88%. Currently, Martin Marietta Materials has a market capitalization of $33.76 billion. 
Buying $1000 In MLM: If an investor had bought $1000 of MLM stock 15 years ago, it would be worth $5,922.62 today based on a price of $552.35 for MLM at the time of writing.
<h3>Martin Marietta Materials's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729017019_0.png" alt="comp_fig" />
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 by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Martin Marietta Materials 15 Years Ago Would Be Worth Today

Martin Marietta Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Martin Marietta Materials, presenting an average target of $626.62, a high estimate of $670.00, and a low estimate of $515.00. A 2.05% drop is evident in the current average compared to the previous average price target of $639.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1728507668_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Martin Marietta Materials by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Philip Ng</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$635.00</td>
<td>$650.00</td>
</tr>
<tr>
<td>Adrian Heurta</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$515.00</td>
<td>$560.00</td>
</tr>
<tr>
<td>Angel Castillo</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$657.00</td>
<td>$610.00</td>
</tr>
<tr>
<td>Garik Shmois</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$615.00</td>
<td>$630.00</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$646.00</td>
<td>$658.00</td>
</tr>
<tr>
<td>Trey Grooms</td>
<td>Stephens &amp; Co.</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$610.00</td>
<td>$650.00</td>
</tr>
<tr>
<td>Keith Hughes</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$670.00</td>
<td>$700.00</td>
</tr>
<tr>
<td>Philip Ng</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$665.00</td>
<td>$660.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Martin Marietta Materials. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Martin Marietta Materials compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Martin Marietta Materials's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Martin Marietta Materials's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MLM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Martin Marietta Materials analyst ratings.</a>
<h2>All You Need to Know About Martin Marietta Materials</h2>
Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2023, Martin Marietta sold 199 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.
<h3>Martin Marietta Materials: A Financial Overview</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Challenges: Martin Marietta Materials's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -3.13%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Martin Marietta Materials's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 16.67%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Martin Marietta Materials's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 3.32%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Martin Marietta Materials's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.81%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Martin Marietta Materials's debt-to-equity ratio surpasses industry norms, standing at 0.54. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Martin Marietta Materials Through 8 Analysts

Jefferies analyst Philip Ng maintains Martin Marietta Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) with a Buy and lowers the price target from $650 to $635.

Jefferies Maintains Buy on Martin Marietta Materials, Lowers Price Target to $635

JP Morgan analyst Adrian Heurta maintains Martin Marietta Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) with a Neutral and lowers the price target from $560 to $515.

JP Morgan Maintains Neutral on Martin Marietta Materials, Lowers Price Target to $515

Martin Marietta Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) has outperformed the market over the past 10 years by 4.13% on an annualized basis producing an average annual return of 15.33%. Currently, Martin Marietta Materials has a market capitalization of $32.97 billion. 
Buying $100 In MLM: If an investor had bought $100 of MLM stock 10 years ago, it would be worth $413.96 today based on a price of $539.51 for MLM at the time of writing.
<h3>Martin Marietta Materials's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727294428_0.png" alt="comp_fig" />
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 by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Martin Marietta Materials 10 Years Ago Would Be Worth This Much Today

Martin Marietta Materials's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) short percent of float has risen 20.19% since its last report. The company recently reported that it has 1.37 million shares sold short, which is 2.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> 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.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Martin Marietta Materials Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726690511_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Martin Marietta Materials has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Martin Marietta Materials's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Martin Marietta Materials's peer group average for short interest as a percentage of float is 2.85%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Martin Marietta Materials's Recent Short Interest

Martin Marietta Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) has outperformed the market over the past 10 years by 4.12% on an annualized basis producing an average annual return of 14.91%. Currently, Martin Marietta Materials has a market capitalization of $31.50 billion. 
Buying $1000 In MLM: If an investor had bought $1000 of MLM stock 10 years ago, it would be worth $4,014.41 today based on a price of $515.33 for MLM at the time of writing.
<h3>Martin Marietta Materials's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726174877_0.png" alt="comp_fig" />
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 by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Martin Marietta Materials 10 Years Ago Would Be Worth Today

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Martin Marietta Announces Pricing Terms of Debt Offering

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