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Martin Marietta Materials Inc MLM Stock Quote

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Last close prices updated as of Feb 03, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 360.63
  • Sector Basic Materials
  • Industry Building Materials
  • Investment Style Mid Blend
  • Day Range 359.75  –  370.22
  • Year Range 284.99  –  406.85
  • Market Cap 22.3918 Bil
  • Volume / Avg 272,845.0 /  343,681.5
  • Price / Sales 3.65
  • Price / Book 3.23
  • Forward Div Yield 0.73%
  • Trailing Div Yield 0.70%

Morningstar‘s Stock Analysis MLM

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Higher Prices and Robust Demand Drive Top-Line Growth for Martin Marietta in Third Quarter

Spencer Liberman Equity Analyst

Business Strategy and Outlook

| Spencer Liberman |

Martin Marietta is well positioned to benefit from increased U.S. infrastructure spending. Although mainly an aggregates producer, the company also has cement production in Texas. We forecast strengthening demand growth for the public sector and modest growth for the private sector. Accounting for roughly half of shipments, public-sector demand is generally more stable, and projects, primarily highway construction, are more aggregate-intensive per dollar of spending. However, in recent years, this sector's demand has been low relative to historical levels amid underfunding that has led to worsening conditions. Federal funding power has weakened over time, as better vehicle mileage and inflation have diminished the buying power of the $0.18 per gallon gasoline tax, unchanged since 1993. The FAST Act, passed in December 2015, provided stability and near-term funding certainty, but didn't solve the still-weakening gas tax. However, long-term federal funding was passed in late 2021, totaling $1.2 trillion.

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Key Statistics MLM

Company Profile MLM

Business Description

Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2021, Martin Marietta sold 201 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin’s magnesia specialties business produces magnesia-based chemical products and dolomitic lime.

4123 Parklake Avenue
Raleigh, NC, 27612
Industry Building Materials
Employees 10,000

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FAQs for Martin Marietta Materials Inc Stock

Yes. MLM has a forward dividend yield of 0.73%. See MLM’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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MLM’s market cap is 22.39 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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MLM’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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MLM’s price/sales is 3.65.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

MLM’s price/forward earnings is 23.64.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

MLM’s price/book is 3.23.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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MLM’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare MLM’s historical performance against its industry peers and the overall market.