Martin Marietta Materials (MLM) has seen significant activity and varied performance reported in recent times. MLM was reported to have an increase in the stock holdings by Private Advisor Group LLC and ING Groep NV, with Franklin Resources Inc. having a substantial stake. However, Beacon Pointe Advisors LLC and Robeco Institutional Asset Management B.V. have decreased their positions.
Even with intermittent underperformance in the market, MLM posted record revenue and profitability, and outpaced its construction peers this year. There was a series of earnings estimates for MLM by Zacks Research predicting the earnings for FY2026 and Q2 2024, which indicate positive growth.
Favorably, the company received a \"Moderate Buy\" rating from brokerages. The company has made strategic purchases including the acquisition of aggregates operations affiliates of Blue Water Industries LLC. However, some market news suggests shareholders may be unsatisfied with the CEO's compensation and the P/E ratio.
Martin Marietta Materials MLM News Analytics from Wed, 04 Oct 2023 07:00:00 GMT to Thu, 23 May 2024 19:24:20 GMT - Rating 6 - Innovation 6 - Information 5 - Rumor 1
