Martin Marietta Materials (NYSE:MLM) Posts Earnings Results

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

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock traded down $15.20 on Wednesday, hitting $513.80. The company’s stock had a trading volume of 505,918 shares, compared to its average volume of 381,020. The company has a market capitalization of $31.40 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91. Martin Marietta Materials has a 1 year low of $482.72 and a 1 year high of $633.23. 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 firm has a fifty day moving average price of $538.08 and a 200-day moving average price of $549.88.

Wall Street Analyst Weigh In

A number of analysts have commented on MLM shares. Loop Capital lifted their price target on Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Barclays increased their price target on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. upgraded shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $515.00 to $640.00 in a research note on Wednesday, November 27th. Finally, UBS Group initiated coverage on shares of Martin Marietta Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $730.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.