Martin Marietta Materials, Inc.

MLM

US5732841060

Construction Materials

Market Closed - Nyse Other stock markets 04:00:01 2024-04-26 pm EDT			5-day change	1st Jan Change
605 ^USD	+1.33%		+5.05%	+21.26%

Apr. 22	BNP Paribas Exane Adjusts Martin Marietta Materials' Price Target to $654 From $642, Keeps Outperform Rating	MT
Apr. 18	Jefferies Adjusts Price Target on Martin Marietta Materials to $695 From $637	MT

Martin Marietta Materials, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

February 14, 2024 at 07:03 am EST

Martin Marietta Materials, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,608.2 million compared to USD 1,476.5 million a year ago. Net income was USD 282.5 million compared to USD 183.6 million a year ago.

Basic earnings per share from continuing operations was USD 4.65 compared to USD 3.02 a year ago. Diluted earnings per share from continuing operations was USD 4.63 compared to USD 3.01 a year ago. Basic earnings per share was USD 4.57 compared to USD 2.96 a year ago.

Diluted earnings per share was USD 4.55 compared to USD 2.95 a year ago.

Latest news about Martin Marietta Materials, Inc.

BNP Paribas Exane Adjusts Martin Marietta Materials' Price Target to $654 From $642, Keeps Outperform Rating	Apr. 22	MT
Jefferies Adjusts Price Target on Martin Marietta Materials to $695 From $637	Apr. 18	MT
Stephens Raises Price Target for Martin Marietta Materials to $675 from $605	Apr. 17	MT
Goldman Sachs Adjusts Martin Marietta Materials' Price Target to $737 From $642, Keeps Buy Rating	Apr. 16	MT
Morgan Stanley Adjusts Martin Marietta Materials' Price Target to $672 From $595	Apr. 15	MT
Stifel Raises Martin Marietta Materials Price Target to $650 From $621, Maintains Buy Rating	Apr. 15	MT
The latest inflation data is seriously testing investor optimism	Apr. 10
ANALYST RECOMMENDATIONS : Boeing, Nvidia, Spotify, Shell, Barclays...	Apr. 10
Martin Marietta Materials Closes Acquisition of Aggregates Operations From Blue Water	Apr. 08	MT
Citigroup Raises Price Target on Martin Marietta Materials to $708 From $635, Keeps Buy Rating	Apr. 05	MT
Martin Marietta Materials, Inc. completed the acquisition of 20 Active Aggregates Operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from Blue Water Industries LLC.	Apr. 04	CI
Truist Securities Adjusts Price Target on Martin Marietta Materials to $700 From $610, Maintains Buy Rating	Apr. 02	MT
A few lessons to learn	Mar. 25
ANALYST RECOMMENDATIONS : Lululemon, Rivian, Tesla, Walt Disney, Nvidia...	Mar. 25
JPMorgan Downgrades Martin Marietta Materials to Neutral From Overweight, Adjusts Price Target to $600 From $530	Mar. 22	MT
Martin Marietta Materials Insider Sold Shares Worth $6,032,900, According to a Recent SEC Filing	Mar. 15	MT
Martin Marietta Materials Shares Down After Downgrade From Wolfe Research	Mar. 08	MT
Wolfe Research Downgrades Martin Marietta Materials to Peer Perform From Outperform	Mar. 08	MT
Martin Marietta Materials Insider Sold Shares Worth $12,085,200, According to a Recent SEC Filing	Mar. 06	MT
Martin Marietta Materials Keeps Quarterly Dividend at $0.74 Per Share, Payable March 28 to Shareholders of Record March 4	Feb. 22	MT
Martin Marietta Materials, Inc. Declares Quarterly Cash Dividend, Payable on March 28, 2024	Feb. 22	CI
Phew! The party continues!	Feb. 22
HSBC Upgrades Martin Marietta Materials to Hold From Reduce, Raises Price Target to $543 From $376	Feb. 22	MT
ANALYST RECOMMENDATIONS : Datadog, Doordash, Nvidia, Trimble, Walmart...	Feb. 22
Martin Marietta Materials Insider Sold Shares Worth $936,957, According to a Recent SEC Filing	Feb. 20	MT

Chart Martin Marietta Materials, Inc.

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Company Profile

Martin Marietta Materials, Inc. is America's 2nd largest producer of granulates and construction materials. Net sales break down by family of products as follows: - granulates and construction materials (94.5%): granulates (58.7% of net sales), ready mixed concretes (21.9%), road surfacing materials and asphalts (9.9%) and cement (9.5%); - magnesium-based chemical products (5.5%): intended for industrial, agricultural and environmental applications. The group also proposes dolomitic chalks for the steel industry. The United States accounts for 98.6% of net sales.

Sector

Construction Materials

Calendar

2024-04-30 - Q1 2024 Earnings Release

Related indices

S&P 500

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Analysis / Opinion

Martin Marietta Materials, Inc. : How far will it go?

August 22, 2023 at 03:20 am EDT

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Ratings for Martin Marietta Materials, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

605 USD

Average target price

623.2 USD

Spread / Average Target

+3.01%

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Quarterly earnings - Rate of surprise

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