Martin Marietta Materials, the Basic Materials sector company, was revisited by a Wall Street analyst today. Analyst Steven Fisher from UBS maintained a Buy rating on the stock and has a $723.00 price target.
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Steven Fisher’s rating is based on Martin Marietta Materials’ strong performance in the third quarter, despite the challenging conditions in the US construction market. The company exceeded expectations in aggregates pricing, volumes, and gross profit, which contributed to a higher-than-anticipated EBITDA. Fisher notes that the company’s operational initiatives have helped maintain a balance between price and cost, setting a positive outlook for the future, particularly with an expected resurgence in US construction activity in the latter half of 2026.
Additionally, Fisher highlights the strategic asset swap with Quikrete, where Martin Marietta plans to sell its cement and concrete assets in exchange for aggregates. This move is expected to enhance the company’s market position and profitability over time, despite a temporary reduction in earnings estimates for 2025. The revised price target of $723, up from $705, reflects these strategic adjustments and a favorable valuation outlook, supporting the Buy rating.
In another report released yesterday, D.A. Davidson also maintained a Buy rating on the stock with a $690.00 price target.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MLM in relation to earlier this year.