NYSE:MLM

588.52
3.26 (0.56%) 1d
0

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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Martin Marietta Materials (MLM-N) has been downgraded by some experts, despite its strong performance in earnings and balance sheet so far this year. The company is making all-time high and defying the manufacturing recession, with a 10% increase in full-year revenue. It benefits from operating in hot markets like Texas, Colorado, and Florida where residential and infrastructure building are thriving.

Consensus
Mixed
Valuation
Fair Value
BUY
MLM and Vulcan were both downgraded today.

These are two of the better names in this space. Performance so far this year has been strong in earnings and balance sheet. Disagrees with that downgrade and he continues to hold.

INDUSTRIAL PRODUCTS
BUY

Making an all-time high today and defying the manufacturing recession. Full-year revenue is up 10%. They benefit from where they operate--Texas, Colorado, Florida--where residential and infrastructure building are hot.

INDUSTRIAL PRODUCTS
BUY
Infrastructure Bill of late 2021 money is only trickling out now

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.

INDUSTRIAL PRODUCTS
BUY

Was upgraded today and a big infrastructure spend lies ahead.

INDUSTRIAL PRODUCTS
PAST TOP PICK
(A Top Pick May 03/21, Down 14%) In normal economic environment, company would have preformed better. Has sold shares. Sees better opportunity elsewhere.
INDUSTRIAL PRODUCTS
BUY
There's a bit of a supply crunch in the US. More people will need places to live, especially with immigration from areas of the world in such turmoil.
INDUSTRIAL PRODUCTS
BUY
Inflation-protection trades: energy (and materials). Both cyclical sectors are positively correlated to inflation. She also likes Martin Marietta given its heavy business in residential and non-res construction and a tailwind from Dems and Republicans to fix bridges and ports during supply-chain issues. Financials: JPM she likes, though they had a disappointing recent earnings, they do have a multi-faceted business. For more cyclicals, consider EM, namely IEMG.
INDUSTRIAL PRODUCTS
TOP PICK
Think crushed stone, concrete, etc being supplied to the construction industry. They are #1 or #2 in the aggregate supplier space. The industry is favored going forward and there are barriers to entry. This gives the company strong pricing power. Infrastructure spending should provide great tail winds and the company does well to extract value from acquisitions. Yield 0.59% (Analysts’ price target is $435.86)
INDUSTRIAL PRODUCTS
BUY
Who will benefit from the $1 trillion infrastructure bill? There's a decade, not a month, of spending here, so there will be long-term gains for certain stocks. Technical analyst Bob Lang suggests: He loves them. They will directly benefit from spending on roads and bridges. Their chart shows higher highs and higher lows. Lang targets $500.
INDUSTRIAL PRODUCTS
BUY ON WEAKNESS
The boom and bust cyclicals have plenty of room to run. MLM is the leading supplier of building materials like aggregate cement, concrete and asphalt. Their results earlier this month beat the street, and shares roared, but have recently come off. It's now a bargain. Today they announced today they'll buy Lehigh Hanson's western business https://finance.yahoo.com/finance/news/martin-marietta-mlm-buy-lehigh-140502925.html), suggesting management is confident about the industry.
INDUSTRIAL PRODUCTS
TOP PICK
It is into earth. If you own the gravel pits then you dominate that market. It is expensive to transport aggregates very far. A lot of private gravel pits are thinking of selling due to US tax changes and so MLM-N is in a good position to grow. (Analysts’ price target is $348.36)
INDUSTRIAL PRODUCTS
BUY
They supply building materials like cement. It's up 40% since the election and hit an all-time high today based on hopes that Biden will pass an infrastructure package. They reported a blow-out quarter last month thanks to the housing boom and the economy expected to reopen.
INDUSTRIAL PRODUCTS
DON'T BUY
A strong company with strong reserve life of aggregates in their quarries. But it's not a timely stock. There's confusion about why the home building industry is busy, but not the home aggregates. To explain, when people are building homes, the infrastructure for those homes are already complete. For an aggregate company to benefit, they need to get involved when say a former industrial or agricultural land to convert it into a subdivision when they build roads and other infrastructure--that's when the aggregates do well. Then, there's infrastructure; governments with lower tax revenues can't afford to spend on infrastructure like building roads now. Also with oil and gas in a slump, there's another source of demand gone.
INDUSTRIAL PRODUCTS
PAST TOP PICK

(A Top Pick Sept 29/15. Up 21.75%.) Construction aggregates. This had a very good path. If you think there could be fiscal stimulus in the US, companies like this are going to do very, very well.

INDUSTRIAL PRODUCTS
TOP PICK

A universally hated sector with a stock that has behaved very well. It is number 1 in 85% of their markets. They have pricing power and raise them every year. No competition from off shore. This is a very stable business that generates boat loads of cash.

INDUSTRIAL PRODUCTS
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Martin Marietta Materials(MLM-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Martin Marietta Materials is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Martin Marietta Materials(MLM-N) Frequently Asked Questions

What is Martin Marietta Materials stock symbol?

Martin Marietta Materials is a American stock, trading under the symbol MLM-N on the New York Stock Exchange (MLM). It is usually referred to as NYSE:MLM or MLM-N

Is Martin Marietta Materials a buy or a sell?

In the last year, 2 stock analysts published opinions about MLM-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Martin Marietta Materials.

Is Martin Marietta Materials a good investment or a top pick?

Martin Marietta Materials was recommended as a Top Pick by on . Read the latest stock experts ratings for Martin Marietta Materials.

Why is Martin Marietta Materials stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Martin Marietta Materials worth watching?

2 stock analysts on Stockchase covered Martin Marietta Materials In the last year. It is a trending stock that is worth watching.

What is Martin Marietta Materials stock price?

On 2024-11-21, Martin Marietta Materials (MLM-N) stock closed at a price of $588.515.