A share price of Martin Marietta Materials, Inc. [MLM] is currently trading at $583.88, up 0.97%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MLM shares have gain 4.09% over the last week, with a monthly amount glided 8.48%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Martin Marietta Materials, Inc. [NYSE: MLM] stock has seen the most recent analyst activity on March 22, 2024, when JP Morgan downgraded its rating to a Neutral and also boosted its price target to $600 from $530. Previously, Wolfe Research downgraded its rating to Peer Perform on March 08, 2024. On February 22, 2024, upgrade upgraded it’s rating to Hold and revised its price target to $543 on the stock. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $595 on January 08, 2024. JP Morgan upgraded its rating to a Overweight and raised its price target to $530 on December 12, 2023. Seaport Research Partners upgraded its rating to Buy for this stock on October 24, 2023, but kept the price target unchanged to $520. In a note dated September 15, 2023, HSBC Securities initiated an Reduce rating and provided a target price of $376 on this stock.
Martin Marietta Materials, Inc. experienced fluctuations in its stock price throughout the past year between $398.59 and $626.67. Currently, Wall Street analysts expect the stock to reach $521.62 within the next 12 months. Martin Marietta Materials, Inc. [NYSE: MLM] shares were valued at $583.88 at the most recent close of the market. An investor can expect a potential drop of -10.66% based on the average MLM price forecast.
Analyzing the MLM fundamentals
Trailing Twelve Months sales for Martin Marietta Materials, Inc. [NYSE:MLM] were 6.62B which represents -3.12% decline. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.24 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 575.25 points at the first support level, and at 566.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 588.38, and for the 2nd resistance point, it is at 592.89.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Martin Marietta Materials, Inc. [NYSE:MLM] is 1.86. As well, the Quick Ratio is 0.94, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 5.39, the price to book ratio is 4.04 and price to earnings (TTM) ratio is 17.70.
Transactions by insiders
Recent insider trading involved BAR ROSELYN R, EVP, General Counsel and Secy, that happened on Mar 14 ’24 when 10000.0 shares were sold. Chairman, Pres & CEO, Nye C Howard completed a deal on Mar 05 ’24 to sell 15000.0 shares. Meanwhile, Chairman, Pres & CEO Nye C Howard sold 5000.0 shares on Mar 05 ’24.
