Martin Marietta Materials (NYSE:MLM) Issues Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Martin Marietta Materials (NYSE:MLM) posted its quarterly earnings data on Wednesday. The construction company reported $4.79 EPS 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 Stock Up 2.8 %

MLM stock opened at $531.75 on Friday. The stock has a market cap of $32.50 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91. The firm’s 50-day simple moving average is $536.78 and its 200 day simple moving average is $549.65. Martin Marietta Materials has a fifty-two week low of $482.72 and a fifty-two week high of $633.23. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating on the stock in a research report on Thursday. HSBC raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price on the stock in a report on Wednesday, December 11th. UBS Group initiated coverage on Martin Marietta Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $730.00 price target for the company. Loop Capital reduced their price objective on Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Morgan Stanley decreased 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 report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $639.43.

Martin Marietta Materials Company Profile

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.