Martin Marietta Materials, Inc (MLM) saw downtrend of -0.14% in the recent trading with $557.89 being its most recent. The current price level -11.90% lower than the highest price of $633.23 marked by the stock while trading over the past 52-weeks, whereas it is 26.24% higher than the lowest price of $441.95 the company dropped to over past 52-weeks. The latest news story on MLM appeared in (Insider Monkey) under the title “Martin Marietta Materials, Inc. (MLM): A Bull Case Theory” on Jun-24-25.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 9 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.84 for the stock.
Martin Marietta Materials, Inc Earnings – What Happened With MLM
Coming around sales and income figures on MLM Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Martin Marietta Materials, Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 60.28 million. MLM does have institutional investors; and they hold 100.73% of the stock.
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Martin Marietta Materials, Inc (NYSE:MLM) with an ownership of 7.16 million shares of the company or 11.647 of the stake worth $3.88 billion. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 6.7332 of the outstanding shares. Its stake is worth $2.24 billion for having 4.14 million shares in hand.
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. also came holding a key position in the company during the recent quarter and it now holds 4.6005 of the outstanding shares. With this there are now 1291.0 institutions which have possession in MLM’s shares.
Key Metrics forMLM
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Martin Marietta Materials, Inc has a debt to equity ratio of 0.64.
Technical Analysis of Martin Marietta Materials, Inc (NYSE:MLM) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Martin Marietta Materials, Inc (MLM), we notice that the stock’s 20-day average volume is at 394,565 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 423,690 shares. And to end, MLM’s 100-day average volume is 536,475 shares with 50% of the long-term indicators pointing towards Buy for the stock.
