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Martin Marietta Materials (MLM)
NYSE:MLM
Holding MLM?
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MLM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$389.90 - $626.67
Previous Close$521.05
Volume427.63K
Average Volume (3M)505.58K
Market Cap
$31.85B
Enterprise Value$36.48B
Total Cash (Recent Filing)$109.00M
Total Debt (Recent Filing)$4.74B
Price to Earnings (P/E)15.8
Beta1.10
Next Earnings
Oct 29, 2024EPS Estimate
$6.95Last Dividend Ex-Date
Sep 03, 2024Dividend Yield0.56%
Share Statistics
EPS (TTM)32.99
Shares Outstanding61,117,053
10 Day Avg. Volume509,293
30 Day Avg. Volume505,581
Standard Deviation0.08
R-Squared0.34
Alpha0.00379
Financial Highlights & Ratios
Price to Book (P/B)3.60
Price to Sales (P/S)4.94
Price to Cash Flow (P/CF)8174.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.51
Enterprise Value/Gross Profit18.04
Enterprise Value/Ebitda12.80
Forecast
1Y Price Target
$616.86Price Target Upside18.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Martin Marietta Materials News
Bulls Say, Bears Say
Bulls Say
Price GrowthQ2 price growth +11.6% YoY and MLM reaffirmed FY24 (+11-13%). Mid-years are expected to have a bigger positive impact to FY25 given the deferrals in shipments in 2H24.
Pricing OutlookPricing outlook is still intact (+11-13%), aggregates gross profit increased (+9%) and there remains building blocks for a positive 2025.
State BudgetsMLM noted that 8 of its top 10 states increased budgets in FY25, with the remaining two states expected to be modestly down on a YoY basis.
Bears Say
CostsHigher unit costs driven by increased repair and maintenance expenses and greater absorption headwinds are adversely affecting MLM's financial performance.
EarningsMLM reported a miss with EBITDA at $584 million compared to consensus of $591 million and lowered its FY24 guidance due to softening private construction and weather-related disruptions.
Volume GuidanceMLM’s FY volume guidance was cut more steeply than peers, primarily due to significant exposure to wet weather, impacting shipments in key regions.
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Ownership Overview
0.70% Insiders
30.82% Mutual Funds
<0.01% Other Institutional Investors
46.59% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MLM FAQ
What was Martin Marietta Materials’s price range in the past 12 months?
Martin Marietta Materials lowest stock price was $389.90 and its highest was $626.67 in the past 12 months.
What is Martin Marietta Materials’s market cap?
Currently, no data Available
When is Martin Marietta Materials’s upcoming earnings report date?
Martin Marietta Materials’s upcoming earnings report date is Oct 29, 2024 which is in 24 days.
How were Martin Marietta Materials’s earnings last quarter?
Martin Marietta Materials released its earnings results on Aug 08, 2024. The company reported $4.76 earnings per share for the quarter, missing the consensus estimate of $5.357 by -$0.597.
Is Martin Marietta Materials overvalued?
According to Wall Street analysts Martin Marietta Materials’s price is currently Undervalued.
Does Martin Marietta Materials pay dividends?
Martin Marietta Materials pays a Quarterly dividend of $0.79 which represents an annual dividend yield of 0.56%. See more information on Martin Marietta Materials dividends here
What is Martin Marietta Materials’s EPS estimate?
Martin Marietta Materials’s EPS estimate is $6.95.
How many shares outstanding does Martin Marietta Materials have?
Martin Marietta Materials has 61,117,054 shares outstanding.
What happened to Martin Marietta Materials’s price movement after its last earnings report?
Martin Marietta Materials reported an EPS of $4.76 in its last earnings report, missing expectations of $5.357. Following the earnings report the stock price went up 0.128%.
Which hedge fund is a major shareholder of Martin Marietta Materials?
Among the largest hedge funds holding Martin Marietta Materials’s share is Gardner Russo & Gardner LLC. It holds Martin Marietta Materials’s shares valued at 414M.
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Martin Marietta Materials Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$616.86 (18.35% Upside)
$616.86 (18.35% Upside)
Blogger Sentiment
Bullish
MLM Sentiment 80%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 137.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.8%
Last 30 Days ▼ 1.5%
Last 30 Days ▼ 1.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
29.16%
12-Months-Change
Fundamentals
Return on Equity
25.30%
Trailing 12-Months
Asset Growth
7.13%
Trailing 12-Months
Company Description
Martin Marietta Materials
Martin Marietta Materials, Inc. engages in the provision of aggregates including crushed stone, sand, and gravel through its network of quarries and distribution yards. It operates through the following geographical segments: Mid-America Group, Southeast Group, and West Group. The Mid-America Group and Southeast Group segments provide aggregates products only. The West Group offers aggregates, as well as cement and downstream products including mixed concrete, asphalt, and paving services. The company was founded in November 1993 and is headquartered in Raleigh, NC.
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MLM Company Deck
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MLM Earnings Call
Q2 2024
0:00 / 0:00
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MLM Revenue Breakdown
54.57% West Group
40.77% East Group
4.65% Magnesia Specialties
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MLM Stock 12 Month Forecast
Average Price Target
$616.86
▲(18.35% Upside)
Technical Analysis
Best Analysts Covering MLM
1 Year
1 Year Success Rate
20/23 ratings generated profit
1 Year Average Return
+23.17%
reiterated a buy rating 3 months ago
Copying Stanley Elliott's trades and holding each position for 1 Year would result in 86.96% of your transactions generating a profit, with an average return of +23.17% per trade.
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