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NYSE:MLM
This summary was created by AI, based on 1 opinions in the last 12 months.
Martin Marietta Materials has shown significant resilience and growth, particularly benefiting from the recent infrastructure spending initiatives led by the Biden administration. The company's performance in the last quarter exceeded expectations, reflecting robust demand for construction materials. Analysts note a positive trajectory in shares, with a notable increase of 12% over the last three months. This growth is indicative of the company's solid positioning within the current economic landscape. Overall, the general outlook for Martin Marietta remains optimistic, with favorable developments boosting investor confidence.
Shares fell in 2022 by 23% due to recession fears, but is up 30% this year because they money is finally coming. The CEO sees 3-4 years of business. Trades at 24x forward PE, but expects that to decline because they keep beating their quarters.
Martin Marietta Materials is a American stock, trading under the symbol MLM (previously MLM-N on Stockchase) on the New York Stock Exchange (MLM). It is usually referred to as NYSE:MLM or MLM
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on MLM (previously MLM-N on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is BUY. Read the latest stock experts' ratings for Martin Marietta Materials.
Martin Marietta Materials was recommended as a Top Pick by Jim Cramer - Mad Money on 2021-03-01. Read the latest stock experts ratings for Martin Marietta Materials.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Martin Marietta Materials.
Martin Marietta Materials is followed by 24 investors on Stockchase and is a trending stock that is worth watching.
On 2026-06-18, Martin Marietta Materials (MLM) stock closed at a price of $608.72.
Has benefitted in recent years from Biden's infrastructure spending. The last quarter was good, and shares are +12 months in the last 3 months.