Martin Marietta Materials has experienced a turbulent financial performance lately, including insider selling, subsequent one-year low, and Q4 2024 revenue miss, causing the stock to dip over 3%. Despite these hurdles, the company reports strong earnings growth, higher-than-expected Q4 EPS and record Q4 2024 profits. There are concerns about the quality of profits and expectations of weak FY revenue due the housing slowdown. Dividend-conscious investors could note the company has set next dividend and maintained a quarterly cash dividend of $0.79 per share. Many analysts consider it one of the best construction stocks to purchase, despite some deeming it overvalued. The company also made strategic acquisitions and signed an innovative agreement with Albemarle for the beneficial use of material from Kings Mountain Mine. Martin Marietta's CEO expects data center demand to offset ongoing softness. Citigroup has lowered the price target from $600 to $594 but still maintains a buy rating.
Martin Marietta Materials MLM News Analytics from Fri, 17 Feb 2023 08:00:00 GMT to Sat, 08 Mar 2025 08:13:20 GMT -
Rating 1
- Innovation 1
- Information 8
- Rumor 5
