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Last Price: 579.16 - Change: 5.7 - Change %: 0.994
05/24/2024 16:10:00 EST

Martin Marietta Materials Inc (MLM)

Industry: Building Materials

Price Support Resistance

In the past 20 trading days, MLM has been trading in a range between $612.68 and $580.75 (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.

The AI powered stock chart is in a Red zone currently. We would avoid this stock.

Upside / Downside Potential

Martin Marietta Materials Inc $MLM entered a Red zone 7 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $505.26, a potential down side of -11.89% from the recent price of 573.46. The stock is trading 9.28% (potential upside) below its 52 week high of $626.67 and 47.5 % (potential downside) above its 52 week low of $388.78 - 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.

MLM Website

News

Martin Marietta (MLM) Upgraded to Strong Buy: Here's Why
Martin Marietta (MLM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Source: Zacks Investment Research
Thu, 23 May 2024 13:01:21 -0400
Sentiment: Positive
Our Top 10 Dividend Growth Stocks - May 2024
This article focuses on selecting high-growth dividend stocks with rapidly growing dividends rather than high current yields. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. The article provides criteria for selecting high-growth dividend stocks. It offers a step-by-step guide on structuring a portfolio based on this strategy.
Source: Seeking Alpha
Sat, 18 May 2024 09:00:00 -0400
Sentiment: Positive
Martin Marietta Declares Quarterly Cash Dividend
RALEIGH, N.C., May 16, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.74 per share on the Company's outstanding common stock. This dividend, which represents a cash dividend of $2.96 per share on an annualized basis, is payable June 28, 2024, to shareholders of record at the close of business on June 3, 2024.
Source: GlobeNewsWire
Thu, 16 May 2024 12:36:00 -0400
Sentiment: Neutral
ALBEMARLE AND MARTIN MARIETTA SIGN INNOVATIVE AGREEMENT FOR BENEFICIAL USE OF MATERIAL FROM KINGS MOUNTAIN MINE
Part of proceeds from agreement to support investment in local communities  CHARLOTTE, N.C., May 8, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced an innovative agreement with Martin Marietta Materials, Inc. (NYSE: MLM) a leading supplier of building materials — including aggregate, cement, ready mixed concrete and asphalt — to make beneficial use of extracted limestone material from Albemarle's proposed Kings Mountain Mine project.
Source: PRNewsWire
Wed, 08 May 2024 06:50:00 -0400
Sentiment: Neutral
9 Stocks Can Make You Rich In May While Others Flee
May is here. Tempted to sell your S&P 500 stocks and go away until November?
Source: Investors Business Daily
Wed, 01 May 2024 08:00:32 -0400
Sentiment: Positive
Instituions Institution %: 98.554
Last QTR Institution change: 803683

Insiders
Insiders %: 0.692
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 29158
Insiders Net last QTR: -29158

Analyst Ratings
Target Price: 505.26
Overall Rating: 3.9546
Strong Buys (5): 9
Buys (4): 5
Holds (3): 7
Sells (2): 0
Strong Sells (1): 1

Technicals
52 Week Hi: 626.67
52 Week Low: 388.7779
Beta: 0.951
50 Day MA: 598.968
200 Day MA: 505.27

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 7.658
Qtr Revenue Growth YOY: -0.076
Forward PE: 28.3286
Trailing PE: 17.0091

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