Martin Marietta Materials (NYSE:MLM) Given New $614.00 Price Target at Wells Fargo & Company

Martin Marietta Materials (NYSE:MLM) had its target price raised by Wells Fargo & Company from $608.00 to $614.00 in a research note released on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the construction company’s stock.

Several other analysts have also recently commented on the company. Stephens decreased their target price on Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. DA Davidson set a $680.00 price target on Martin Marietta Materials in a report on Thursday, February 12th. Loop Capital downgraded shares of Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price target on the stock. in a research report on Wednesday, January 28th. Barclays lowered their price objective on shares of Martin Marietta Materials from $675.00 to $640.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Finally, Zacks Research raised shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Martin Marietta Materials has a consensus rating of “Moderate Buy” and a consensus price target of $693.06.

Martin Marietta Materials Price Performance

Shares of NYSE MLM traded down $4.08 during mid-day trading on Friday, hitting $615.00. 457,930 shares of the stock were exchanged, compared to its average volume of 423,539. The company has a market cap of $37.06 billion, a P/E ratio of 32.71, a PEG ratio of 2.32 and a beta of 1.13. The stock’s fifty day simple moving average is $615.35 and its two-hundred day simple moving average is $628.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.36 and a current ratio of 2.28. Martin Marietta Materials has a twelve month low of $527.72 and a twelve month high of $710.97.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.Martin Marietta Materials’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.90 EPS. As a group, analysts forecast that Martin Marietta Materials will post 19.07 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd were paid a $0.83 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $3.32 annualized dividend and a yield of 0.5%. Martin Marietta Materials’s dividend payout ratio is presently 17.66%.

Institutional Trading of Martin Marietta Materials

A number of institutional investors and hedge funds have recently modified their holdings of MLM. Atlantic Union Bankshares Corp lifted its holdings in shares of Martin Marietta Materials by 321.8% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 3,817 shares of the construction company’s stock valued at $2,406,000 after purchasing an additional 2,912 shares in the last quarter. National Pension Service grew its position in Martin Marietta Materials by 1.0% in the third quarter. National Pension Service now owns 84,820 shares of the construction company’s stock valued at $53,460,000 after purchasing an additional 843 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Martin Marietta Materials by 78.5% in the 3rd quarter. HB Wealth Management LLC now owns 8,008 shares of the construction company’s stock valued at $5,048,000 after acquiring an additional 3,522 shares in the last quarter. Caprock Group LLC bought a new stake in Martin Marietta Materials during the third quarter worth about $1,605,000. Finally, Border to Coast Pensions Partnership Ltd boosted its position in Martin Marietta Materials by 4.8% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 80,587 shares of the construction company’s stock valued at $50,792,000 after purchasing an additional 3,721 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

Key Headlines Impacting Martin Marietta Materials

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

• Positive Sentiment: Martin Marietta reaffirmed its 2026 adjusted EBITDA guidance at a $2.43B midpoint and said the Quikrete integration is running ahead of plan — this supports the company’s near‑term earnings outlook and inorganic growth plans. Martin Marietta reaffirms 2026 adjusted EBITDA guidance
• Positive Sentiment: Q1 results showed revenue growth of ~17% and EPS of $1.93, beating consensus — driven by strong pricing and infrastructure demand, which supports revenue momentum. Martin Marietta Reports First-Quarter 2026 Results
• Neutral Sentiment: The company completed an asset exchange with QUIKRETE and signed a definitive agreement to acquire New Frontier Materials — strategic moves that expand footprint but add integration execution risk and near-term costs. Martin Marietta Reports First-Quarter 2026 Results
• Neutral Sentiment: Wells Fargo nudged its price target to $614 but kept an “equal weight” rating — a very modest lift to guidance but no upgrade in conviction from a major shop. Wells Fargo price target update
• Neutral Sentiment: Management published the Q1 earnings call transcript and presentation — useful for detail on volumes, regional trends and integration costs but not a new catalyst by itself. Q1 2026 Earnings Call Transcript
• Negative Sentiment: Analysts and coverage noted margin pressure from rising costs and some earnings-model noise — several writeups flagged that higher input and integration costs could weigh on margins even as revenues grow. Zacks note on margin pressure

About Martin Marietta Materials

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.