Martin Marietta Materials (NYSE:MLM) Issues Earnings Results

Martin Marietta Materials (NYSE:MLM) released its earnings results on Wednesday. The construction company reported $4.79 EPS for the quarter, topping the consensus estimate 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 Stock Down 4.1 %

Shares of MLM traded down $21.55 during midday trading on Wednesday, reaching $507.45. 207,925 shares of the stock were exchanged, compared to its average volume of 368,919. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $539.25 and its two-hundred day moving average is $550.13. The company has a market capitalization of $31.02 billion, a P/E ratio of 15.84, a PEG ratio of 4.62 and a beta of 0.91. Martin Marietta Materials has a 52 week low of $482.72 and a 52 week high of $633.23.

Analyst Upgrades and Downgrades

MLM has been the subject of several research reports. HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective for the company in a report on Wednesday, December 11th. Barclays lifted their price objective on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Raymond James decreased their price objective on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Hsbc Global Res raised shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley dropped their price objective on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average 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.