Private Advisor Group LLC has increased its stake in
Martin Marietta Materials, Inc. (MLM) and the company's stock value dipped but still beat Q1 earnings and revenue estimates. An
innovative agreement was signed with Albemarle for material usage. However, concerns over
weak fundamentals behind the company's robust profits were highlighted. NBC Securities Inc. and other management companies have reduced their MLM holdings, while
Janney Montgomery Scott LLC and others have increased theirs. MLM has surpassed
analyst revenue forecasts with its strong Q1 2024 performance and also registered record revenue and profitability.
Short interest in the stock has been analyzed. The company purchased BWI Southeast's
Aggregates Operations and expanded reach with a $2.05B buyout. Despite issues, MLM expects
weak FY revenue amid a housing slowdown. MLM stock was downgraded by StockNews.com but also identified as a
top growth stock. MLM announced an
acquisition of aggregate operations from affiliates of Blue Water Industries LLC.
Martin Marietta Materials MLM News Analytics from Thu, 17 Aug 2023 07:00:00 GMT to Sun, 19 May 2024 09:39:57 GMT -
Rating 4
- Innovation 8
- Information 6
- Rumor 2
