Martin Marietta Materials (NYSE:MLM) has seen fluctuation in stock performance. Earnings have been weak, and recent Q2 results significantly missed estimates. However dynamic earnings per share, $32.90 (TTM as of June 2024), and a recent 7% dividend hike signal potential positive aspects for the investors. Despite weaker earnings the company's fundamentals appear strong according to some analysts. This is validated further by an innovative agreement signed with
Albemarle for beneficial use of material from the Kings Mountain Mine. MLM also expanded its Southeast reach with a $2.05B buyout. Conversely, analysts from top firms including
Loop Capital and
StockNews.com lowered MLM’s price targets, while a warning flag comes with insiders selling off $20M worth of stock. Hedge funds, however, remain bullish for MLM. The promise holds as Q1 2025 is expected to see $2.66 earnings per share, boosted by the record full-year revenues and profitability reported. Despite some losses, MLM stocks have generally outperformed the market and present a strong Growth option.
Martin Marietta Materials MLM News Analytics from Mon, 08 Jan 2024 19:55:35 GMT to Sun, 18 Aug 2024 17:42:48 GMT -
Rating -5
- Innovation 3
- Information 7
- Rumor -3
