Martin Marietta: An Impressive Investment Case, But Shares Appear Fully Valued [Seeking Alpha]
Martin Marietta Materials, Inc. (MLM)
Last martin marietta materials, inc. earnings: 2/11 06:57 am
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US:NYSE Investor Relations:
ir.martinmarietta.com
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Source: Seeking Alpha
The company reported solid Q4 earnings results, with revenue growth and earnings-per-share beating estimates. Martin Marietta has potential catalysts for future growth, including acquisitions, lower interest rates, and increased infrastructure spending. However, the market has anticipated these positives and has bid the stock higher. Shares now appear to be fully valued. Shares of Martin Marietta Materials Inc. ( NYSE: MLM ) sit just 1.7% below its all-time high established on March 7 Martin Marietta has been a top performer recently, with the stock up more than 21% year-to-date and higher by almost 80% over the last twelve months. The company recently reported earnings results that showed solid revenue growth and topped analysts' estimates for earnings-per-share. This, combined with recent acquisitions and other potential catalysts, have driven the share price to new highs. Martin Marietta also has a solid dividend growth track record, but are these factors enough to jus
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MLM
News
- What Analyst Projections for Key Metrics Reveal About Martin Marietta (MLM) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Weitz Conservative Allocation Fund Q1 2024 Commentary [Seeking Alpha]Seeking Alpha
- Analysts Estimate Martin Marietta (MLM) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- The U.S. Is About to Spend Hundreds of Billions on Infrastructure: 3 ETFs to Reap the Benefits [Yahoo! Finance]Yahoo! Finance
- Martin Marietta Materials, Inc. (NYSE: MLM) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $642.00 to $737.00. They now have a "buy" rating on the stock.MarketBeat
MLM
Earnings
- 2/14/24 - Beat
MLM
Sec Filings
- 4/16/24 - Form ARS
- 4/15/24 - Form DEF
- 3/19/24 - Form 144
- MLM's page on the SEC website