Zacks Research Issues Pessimistic Outlook for MLM Earnings

Martin Marietta Materials, Inc. (NYSE:MLM) – Zacks Research cut their Q4 2024 earnings estimates for shares of Martin Marietta Materials in a research report issued on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the construction company will earn $4.47 per share for the quarter, down from their prior forecast of $4.94. The consensus estimate for Martin Marietta Materials’ current full-year earnings is $17.84 per share. Zacks Research also issued estimates for Martin Marietta Materials’ Q1 2025 earnings at $2.06 EPS, Q2 2025 earnings at $6.11 EPS, Q3 2025 earnings at $7.31 EPS, Q4 2025 earnings at $5.13 EPS, Q1 2026 earnings at $2.13 EPS, Q2 2026 earnings at $6.44 EPS and Q3 2026 earnings at $7.66 EPS.

MLM has been the subject of several other reports. BNP Paribas upgraded shares of Martin Marietta Materials to a “strong-buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group lowered their target price on Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Barclays lifted their target price on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Stephens decreased their price target on Martin Marietta Materials from $650.00 to $610.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, StockNews.com raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus price target of $634.85.

Martin Marietta Materials Stock Up 1.2 %

Shares of NYSE MLM opened at $597.81 on Friday. The company has a 50 day simple moving average of $563.67 and a 200 day simple moving average of $556.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. Martin Marietta Materials has a 1 year low of $456.83 and a 1 year high of $633.23. The firm has a market cap of $36.54 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 3.89 and a beta of 0.90.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.41 by ($0.50). Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company posted $6.94 earnings per share. The firm’s quarterly revenue was down 5.3% on a year-over-year basis.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Monday, December 2nd. Martin Marietta Materials’s payout ratio is 9.85%.

Institutional Investors Weigh In On Martin Marietta Materials

Several hedge funds and other institutional investors have recently bought and sold shares of MLM. O Shaughnessy Asset Management LLC increased its holdings in shares of Martin Marietta Materials by 35.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,843 shares of the construction company’s stock valued at $2,359,000 after acquiring an additional 1,003 shares in the last quarter. Bessemer Group Inc. increased its stake in Martin Marietta Materials by 7.3% during the 1st quarter. Bessemer Group Inc. now owns 4,670 shares of the construction company’s stock valued at $2,868,000 after purchasing an additional 319 shares in the last quarter. Lake Street Advisors Group LLC bought a new position in shares of Martin Marietta Materials in the first quarter valued at $276,000. Pitcairn Co. grew its holdings in shares of Martin Marietta Materials by 5.0% during the first quarter. Pitcairn Co. now owns 442 shares of the construction company’s stock valued at $271,000 after buying an additional 21 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in shares of Martin Marietta Materials during the first quarter worth about $204,000. 95.04% of the stock is owned by institutional investors.

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.