Wells Fargo & Company Issues Pessimistic Forecast for Martin Marietta Materials (NYSE:MLM) Stock Price

Martin Marietta Materials (NYSE:MLM) had its target price reduced by investment analysts at Wells Fargo & Company from $631.00 to $612.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 9.91% from the company’s current price.

A number of other brokerages have also weighed in on MLM. Weiss Ratings reissued a “buy (b-)” rating on shares of Martin Marietta Materials in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective on Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. DA Davidson restated a “neutral” rating and set a $690.00 target price on shares of Martin Marietta Materials in a research report on Wednesday, January 14th. Raymond James Financial upped their price target on Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, Wall Street Zen cut Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus target price of $689.69.

Martin Marietta Materials Stock Performance

Martin Marietta Materials stock opened at $679.34 on Thursday. The stock has a 50-day simple moving average of $646.60 and a 200 day simple moving average of $625.68. The stock has a market capitalization of $40.97 billion, a price-to-earnings ratio of 36.13 and a beta of 1.16. The company has a quick ratio of 2.07, a current ratio of 3.57 and a debt-to-equity ratio of 0.53. Martin Marietta Materials has a 12-month low of $441.95 and a 12-month high of $710.97.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Wednesday, February 11th. The construction company reported $4.62 EPS for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.19). Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the company earned $4.79 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, research analysts anticipate that Martin Marietta Materials will post 19.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Martin Marietta Materials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MLM. Atika Capital Management LLC lifted its holdings in shares of Martin Marietta Materials by 30.4% during the 2nd quarter. Atika Capital Management LLC now owns 72,533 shares of the construction company’s stock worth $39,818,000 after acquiring an additional 16,900 shares during the period. Atlantic Union Bankshares Corp increased its stake in Martin Marietta Materials by 321.8% in the third quarter. Atlantic Union Bankshares Corp now owns 3,817 shares of the construction company’s stock valued at $2,406,000 after acquiring an additional 2,912 shares during the last quarter. HB Wealth Management LLC raised its position in Martin Marietta Materials by 78.5% during the third quarter. HB Wealth Management LLC now owns 8,008 shares of the construction company’s stock valued at $5,048,000 after purchasing an additional 3,522 shares in the last quarter. National Pension Service lifted its stake in Martin Marietta Materials by 1.0% during the third quarter. National Pension Service now owns 84,820 shares of the construction company’s stock worth $53,460,000 after purchasing an additional 843 shares during the last quarter. Finally, Fenimore Asset Management Inc lifted its stake in Martin Marietta Materials by 0.9% during the third quarter. Fenimore Asset Management Inc now owns 89,657 shares of the construction company’s stock worth $56,509,000 after purchasing an additional 807 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Key Headlines Impacting Martin Marietta Materials

Here are the key news stories impacting Martin Marietta Materials this week:

• Positive Sentiment: Jefferies raised its price target to $761 and maintained a Buy rating, signaling continued analyst conviction and providing upside support. Jefferies PT raise
• Positive Sentiment: Martin Marietta reiterated its strategic SOAR 2030 plan and set a 2026 adjusted EBITDA target of $2.49B, giving investors a management-provided milestone for future profitability and cash flow expectations. SOAR 2030 / EBITDA target
• Neutral Sentiment: Analyst roundup: a Benzinga/summary piece reviews views from 11 analysts — shows mixed opinions and no clear consensus, which can keep trading volatile as investors pick camps. Analyst roundup
• Neutral Sentiment: Full Q4 earnings call transcripts and highlights are available for investors parsing revenue mix, margin drivers and capital allocation commentary — useful for longer-term conviction but less likely to trigger immediate direction without new data. Earnings call transcript
• Negative Sentiment: Q4 results missed both EPS and revenue estimates and the company issued a cautious 2026 sales outlook, which triggered an initial gap down and downward pressure on the stock as investors reprice near-term growth. Earnings miss / weak outlook
• Negative Sentiment: Wells Fargo cut its target to $612 and moved to Equal Weight (larger implied downside), reflecting more cautious short-term expectations and adding selling pressure. Wells Fargo downgrade
• Negative Sentiment: Newsflow from multiple outlets emphasized the earnings miss and soft guidance, reinforcing bearish sentiment among traders focused on near-term revenue and profit trends. Coverage of selloff

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.