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Martin Marietta Materials (MLM-N)
NYSE:MLM
591.82
2.57
(0.43%) 1d
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Martin Marietta Materials (MLM-N) has been experiencing strong performance in terms of earnings and balance sheet, despite being downgraded along with other top companies in the industry. The company is defying the manufacturing recession and benefiting from hot building markets in Texas, Colorado, and Florida, leading to a 10% increase in full-year revenue. The recent release of funds from the Infrastructure Bill of late 2021 has caused a significant boost in the company's stock value, with the CEO predicting several years of continued growth. The stock is currently trading at 24x forward PE but is expected to decline due to consistently beating earnings expectations.
$596.850
Owned
Making an all-time high today and defying the manufacturing recession. Full-year revenue is up 10%. They benefit from where they operate--Texas, Colorado, Florida--where residential and infrastructure building are hot.
Shares fell in 2022 by 23% due to recession fears, but is up 30% this year because they money is finally coming. The CEO sees 3-4 years of business. Trades at 24x forward PE, but expects that to decline because they keep beating their quarters.
Was upgraded today and a big infrastructure spend lies ahead.
(A Top Pick Sept 29/15. Up 21.75%.) Construction aggregates. This had a very good path. If you think there could be fiscal stimulus in the US, companies like this are going to do very, very well.
A universally hated sector with a stock that has behaved very well. It is number 1 in 85% of their markets. They have pricing power and raise them every year. No competition from off shore. This is a very stable business that generates boat loads of cash.
Martin Marietta Materials(MLM-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 4
Martin Marietta Materials(MLM-N) Frequently Asked Questions
What is Martin Marietta Materials stock symbol?
Martin Marietta Materials is a American stock, trading under the symbol MLM-N on the New York Stock Exchange (MLM). It is usually referred to as NYSE:MLM or MLM-N
Is Martin Marietta Materials a buy or a sell?
In the last year, 4 stock analysts published opinions about MLM-N. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Martin Marietta Materials.
Is Martin Marietta Materials a good investment or a top pick?
Martin Marietta Materials was recommended as a Top Pick by on . Read the latest stock experts ratings for Martin Marietta Materials.
Why is Martin Marietta Materials stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Martin Marietta Materials worth watching?
4 stock analysts on Stockchase covered Martin Marietta Materials In the last year. It is a trending stock that is worth watching.
What is Martin Marietta Materials stock price?
On 2024-04-24, Martin Marietta Materials (MLM-N) stock closed at a price of $591.82.
These are two of the better names in this space. Performance so far this year has been strong in earnings and balance sheet. Disagrees with that downgrade and he continues to hold.