Russell Investments Group Ltd. has cut its stake in
Martin Marietta Materials, but
Jefferies and
Stifel still maintain their buy ratings, with Stifel raising its target price to $725. Several firms have purchased more shares, including
Harfst & Associates,
Atika Capital Management, and
TD Waterhouse Canada. Despite a slump in net margin, Martin Marietta has posted five-year earnings growth and unveiled its
SOAR 2030 Strategic Plan. The company's Q3 results fell below expectations, but it announced a quarterly cash dividend of $0.83 per share. Moreover, the company's strategic focus on strengthening its aggregates business, coupled with strong Q3 earnings, persistently robust infrastructure demand, and record high share price implies a formidable market presence. However, the steady selling off of shares by some entities, like
Wealthspire Advisors and
Bank Julius Baer & Co, indicates caution among some investors. This is reinforced by the reality that despite some successes, Martin Marietta's shares have underperformed in comparison to its industry counterparts.
Martin Marietta Materials MLM News Analytics from Sat, 26 Apr 2025 07:00:00 GMT to Sat, 29 Nov 2025 11:42:54 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -2
