Martin Marietta Materials Inc. (NYSE: MLM) is -17.07% lower on its value in year-to-date trading and has touched a low of $284.99 and a high of $446.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MLM stock was last observed hovering at around $364.65 in the last trading session, with the day’s gains setting it 0.67% off its average median price target of $404.50 for the next 12 months. It is also 23.89% off the consensus price target high of $480.00 offered by 21 analysts, but current levels are -4.38% lower than the price target low of $350.00 for the same period.
Currently trading at $365.32, the stock is 5.86% and 10.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.26 million and changing 0.18% at the moment leaves the stock 5.60% off its SMA200. MLM registered -13.31% loss for a year compared to 6-month gain of 11.98%.
The stock witnessed a 9.77% loss in the last 1 month and extending the period to 3 months gives it a 0.84%, and is 2.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.65% over the week and 2.70% over the month.
Martin Marietta Materials Inc. (MLM) has around 10000 employees, a market worth around $22.32B and $6.18B in sales. Current P/E ratio is 27.69 and Fwd P/E is 23.98. Profit margin for the company is 13.60%. Distance from 52-week low is 28.19% and -18.17% from its 52-week high. The company has generated returns on investments over the last 12 months (6.90%).
Martin Marietta Materials Inc. (MLM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Martin Marietta Materials Inc. (MLM) is a “Overweight”. 21 analysts offering their recommendations for the stock have an average rating of 2.00, where 5 rate it as a Hold and 3 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Martin Marietta Materials Inc. is expected to release its quarterly report on 02/14/2023.The EPS is expected to shrink by -2.90% this year
Martin Marietta Materials Inc. (MLM) Top Institutional Holders
The shares outstanding are 62.30M, and float is at 61.68M with Short Float at 2.07%.
Martin Marietta Materials Inc. (MLM) Insider Activity
A total of 13 insider transactions have happened at Martin Marietta Materials Inc. (MLM) in the last six months, with sales accounting for 3 and purchases happening 10 times. The most recent transaction is an insider sale by COLE SUE W, the company’s Director. SEC filings show that COLE SUE W sold 1,685 shares of the company’s common stock on Nov 18 at a price of $355.61 per share for a total of $0.6 million. Following the sale, the insider now owns 21155.0 shares.
Martin Marietta Materials Inc. disclosed in a document filed with the SEC on Jun 10 that Mohr John P (SVP – CIO) sold a total of 0 shares of the company’s common stock. The trade occurred on Jun 10 and was made at $321.75 per share for $144.0. Following the transaction, the insider now directly holds 14826.0 shares of the MLM stock.