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12/07/2023 16:10:00 EST
Martin Marietta Materials Inc (MLM)
Industry: Building Materials
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, MLM has been trading in a range between $464.88 and $397.22 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
MLM is trading below resistance at $467.35, about 0% to the upside. There is support at $452.09 -3% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Martin Marietta Materials Inc (MLM) entered a Green zone 26 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 3.952, which is a Buy. The current analyst target price is $505.26, which gives it a potential upside of 8.58 % from the recent price of 465.33. The stock is trading 1.29% (potential upside) below its 52 week high of $471.33 and 47.08 % (potential downside) above its 52 week low of $316.38 - based on the recent price.
Company Summary
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.
News
| Martin Marietta (MLM) Up 5.4% Since Last Earnings Report: Can It Continue? Martin Marietta (MLM) reported earnings 30 days ago. What's next for the stock? Source: Zacks Investment Research Fri, 01 Dec 2023 12:51:23 -0500 Sentiment: Positive |
| Here's Why Martin Marietta (MLM) is a Strong Value Stock The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage. Source: Zacks Investment Research Fri, 24 Nov 2023 11:17:28 -0500 Sentiment: Positive |
| Martin Marietta (MLM) to Divest South Texas Business for $2.1B Martin Marietta (MLM) to sell its South Texas cement business and some of its related concrete operations to CRH Americas Materials, Inc. for $2.1 billion. Source: Zacks Investment Research Wed, 22 Nov 2023 13:32:06 -0500 Sentiment: Positive |
| CRH to buy $2.1 billion for South Texas cement operations of Martin Marietta Materials CRH CRH said it's paying $2.1 billion for South Texas cement operations from Martin Marietta Materials MLM. CRH, which separately reported earnings, said the combined portfolio of assets is expected to generate pro-forma 2023 EBITDA of approximately $170 million. Source: Market Watch Tue, 21 Nov 2023 05:33:00 -0500 Sentiment: Positive |
| Martin Marietta to Divest South Texas Cement and Related Concrete Operations to CRH plc RALEIGH, N.C., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that it has entered into a definitive agreement to sell its South Texas cement business and certain of its related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash. More specifically, the facilities to be divested include the Hunter cement plant in New Braunfels, related cement distribution terminals and 20 concrete plants serving the Austin and San Antonio region. Source: GlobeNewsWire Tue, 21 Nov 2023 03:10:00 -0500 Sentiment: Neutral |
Technicals 52 Week Hi: 471.3301 52 Week Low: 316.3797 Beta: 0.925 50 Day MA: 435.3276 200 Day MA: 412.5458 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.419 Qtr Revenue Growth YOY: 0.101 Forward PE: 23.2558 Trailing PE: 26.0453