Martin Marietta Materials (NYSE:MLM) Stock Price Target Raised at Wells Fargo & Company

Martin Marietta Materials (NYSE:MLM) had its price objective upped by equities researchers at Wells Fargo & Company from $579.00 to $589.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 10.56% from the company’s current price.

Several other research firms have also recently commented on MLM. Stephens decreased their target price on Martin Marietta Materials from $680.00 to $600.00 and set an “overweight” rating for the company in a research note on Friday, October 2nd. Truist Financial dropped their price target on Martin Marietta Materials from $730.00 to $625.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. BNP Paribas Exane cut their price target on Martin Marietta Materials from $590.00 to $565.00 and set a “neutral” rating on the stock in a report on Wednesday, September 16th. Wall Street Zen cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Tuesday, July 28th. Finally, Citigroup reduced their price objective on shares of Martin Marietta Materials from $690.00 to $610.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Fifteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $642.55.

Martin Marietta Materials Trading Down 4.3%

Shares of NYSE MLM traded down $23.83 during trading on Thursday, reaching $532.73. The company had a trading volume of 337,836 shares, compared to its average volume of 622,481. The company’s fifty day moving average price is $503.35 and its 200-day moving average price is $574.61. The company has a quick ratio of 0.73, a current ratio of 1.41 and a debt-to-equity ratio of 0.44. The stock has a market cap of $32.00 billion, a P/E ratio of 13.07, a PEG ratio of 2.82 and a beta of 1.02. Martin Marietta Materials has a 12 month low of $464.92 and a 12 month high of $710.97.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Wednesday, November 4th. The construction company reported $5.47 EPS for the quarter, missing the consensus estimate of $5.99 by ($0.52). Martin Marietta Materials had a net margin of 36.73% and a return on equity of 9.49%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company earned $6.85 earnings per share. The business’s revenue was up 28.3% on a year-over-year basis. As a group, research analysts expect that Martin Marietta Materials will post 16.29 earnings per share for the current year.

Hedge Funds Weigh In On Martin Marietta Materials

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Martin Marietta Materials during the second quarter valued at about $2,706,134,000. Bank of America Corp DE lifted its position in Martin Marietta Materials by 0.9% during the 1st quarter. Bank of America Corp DE now owns 2,399,779 shares of the construction company’s stock worth $1,412,702,000 after acquiring an additional 21,310 shares during the period. Dimensional Fund Advisors LP boosted its position in Martin Marietta Materials by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 546,170 shares of the construction company’s stock valued at $321,442,000 after buying an additional 5,764 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Martin Marietta Materials by 13.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 386,046 shares of the construction company’s stock valued at $222,633,000 after acquiring an additional 46,228 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Martin Marietta Materials during the 2nd quarter worth about $199,321,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

More Martin Marietta Materials News

Here are the key news stories impacting Martin Marietta Materials this week:

• Positive Sentiment: Revenue rose 28.3% year over year to a record $2.37 billion, above estimates, while the company also reported record EBITDA. Acquisitions helped lift aggregates volumes and Specialties growth. Martin Marietta Q3 results and guidance
• Positive Sentiment: Martin Marietta raised its full-year 2026 revenue outlook, citing acquisition performance—an encouraging sign for expected sales growth. Zacks coverage of Q3 results and outlook
• Negative Sentiment: EPS of $5.47 was below the $5.99 consensus cited in coverage and down from $6.85 a year earlier. Estimates differed: the result beat Zacks’ $5.27 estimate. Inflationary pressures and acquisition-related debt were cited as weighing on earnings. Martin Marietta Q3 earnings analysis

About Martin Marietta Materials

Martin Marietta Materials, Inc is a supplier of construction materials serving the infrastructure, commercial, residential and industrial markets. The company’s primary business is aggregates, including crushed stone, sand and gravel used in roads, bridges, buildings and other construction projects.

Martin Marietta also produces cement, ready-mixed concrete and asphalt products, and provides paving and related construction services in selected markets. Through its Magnesia Specialties business, the company manufactures magnesium-based and dolomitic lime products used in industrial, environmental and agricultural applications.

Headquartered in Raleigh, North Carolina, Martin Marietta Materials became an independent publicly traded company in 1993 following a spin-off from Martin Marietta Corporation.