How to Buy Martin Marietta Materials Stock
Martin Marietta Materials Inc
Martin Marietta Materials is a building material company located in North Carolina, United States, which is part of the Basic Materials sector, and is traded under the ticker MLM on the NYSE exchange.
Martin Marietta Materials stock last closed at $597.07, up 0.89% from the previous day, and has increased 69.37% in one year. It has overperformed other stocks in the Building Materials industry by 0.04 percentage points. Martin Marietta Materials stock is currently +73.05% from its 52-week low of $345.03, and -4.72% from its 52-week high of $626.67.
There are currently 61.82M shares of MLM outstanding. The market capitalization of MLM is $36.91B. In the last 24 hours, 406,840 MLM shares were traded.
How to Buy Martin Marietta Materials Stock
Not sure how to invest in Martin Marietta Materials stock? Here's how.
- Choose where to buy Martin Marietta Materials stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Martin Marietta Materials stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your method of payment and add your information.
- Evaluate Martin Marietta Materials stock: The Martin Marietta Materials ticker symbol is MLM. Is Martin Marietta Materials stock a good investment? Should you buy shares of MLM? How do MLM's underlying business fundamentals look? Do top analysts think Martin Marietta Materials is a good buy? Why has MLM's stock price moved recently? (Hint: Our stock analysis website can help you figure out if MLM is a good stock to buy).
- Execute your MLM trade: Decide if you will purchase MLM shares at the current market price or use a limit order to buy MLM stock at a given price.
- Get key alerts regarding your MLM investment: Create a watchlist to important notifications about your position in Martin Marietta Materials stock.
Step 1: Choose where to buy Martin Marietta Materials stock
You will need a brokerage account to access the NYSE market and buy MLM stock.
Our favorite brokerage: eToro
Based on our experience, eToro is the best online stock brokerage. eToro gives you:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global markets: From Tech to Energy, New York to Hong Kong — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro boasts a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal info so you are able to invest in MLM stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new brokerage account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have finished signing up on the best stock trading app, you can securely and quickly fund your account:
Watch this video walkthrough to see the process of transferring money into your new brokerage account.
Step 4: Evaluate Martin Marietta Materials stock
Once you have chosen the best place to buy Martin Marietta Materials stock, it's absolutely critical to analyze their stock prior to buying, so you truly wrap your head around the risk and upside.
Martin Marietta Materials Numbers
Fundamentals of MLM
WallStreetZen was built to help average investors do more accurate fundamental analysis in less time.
You can view all of the due diligence checks on MLM's stock page.
Is MLM stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge MLM's true value.
Using relative valuations ratios:
- MLM may be overvalued based on its P/E ratio of 31.62x, relative to Building Materials industry P/E ratio of 26.94x
- MLM could be overvalued based on its P/B ratio of 4.59x, relative to Building Materials industry P/B ratio of 3.17x
- MLM may be overvalued based on its PEG ratio of 3.53x
You can access more valuation research on MLM's stock here.
A quick look at MLM Financials
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the MLM balance sheet.
- MLM earnings of $1.63B is not sufficient to cover its interest payments.
- Total MLM debt is lower than 5 years ago, relative to shareholder equity.
- MLM profit margin has gone up from 14.1% to 17.2% in the past year.
- MLM's operating cash flow of $1.53B allows it to safely service it's debt of $4.73B.
Negative Financial Indicators:
- MLM has a relatively high debt to equity ratio of 0.88.
- There are more long-term liabilities than short-term assets on the MLM balance sheet.
Is it a good time to buy MLM stock, according to Wall Street analysts?
Out of 10 Wall Street analysts who monitor MLM, the consensus analyst rating on MLM is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Most Recent MLM Analyst Ratings
Rohit Seth, a top 20% analyst from Seaport Global maintains MLM with a buy rating and raises their MLM price target from $520.00 to $670.00, on Mar 12, 2024.
Wesley Brooks, a top 33% analyst from HSBC upgrades MLM to a hold rating and raises their MLM price target from $376.00 to $543.00, on Feb 22, 2024.
Trey Grooms, a top 2% analyst from Stephens & Co. maintains MLM with a strong buy rating and raises their MLM price target from $575.00 to $605.00, on Feb 16, 2024.
Stephens & Co.'s Trey Grooms raised their price target on Martin Marietta Materials (NYSE: MLM) by 5.2% from $575 to $605 on 2024/02/16. The analyst maintained their Strong Buy rating on the stock.
In spite of a minor shortfall in revenue, the company's adjusted EBITDA came in ahead of forecasts, leading to a "solid" year-end report, Grooms highlighted following Martin Marietta Materials Q4 and FY 2023 print, released on 2024/02/14.
The analyst predicted that "aggregate pricing" will continue to be a profit driver throughout 2024.
Grooms told investors that the anticipated growth in infrastructure and non-residential categories will compensate for the predicted downturn in light commercial and residential.
If rates fall, however, residential could start to grow again, the analyst continued.
Earnings Report
Martin Marietta Materials reported:
For Q4 2023:
- EPS of $4.63, which beat the Zacks Consensus Estimate of $3.96 and, by 52.3%, Q4 2022's $3.04.
- Revenue of $1.61B, which missed the Zacks Consensus Estimate of $1.64B but was up 16.7% Y/Y.
- Adjusted EBITDA of $502.6M, up 28.3% from Q4 2022's $391.7M.
For FY 2023:
- EPS of $19.32, up 41% from FY 2022's $13.70.
- Revenue of 6.777B, up 10% from FY 2022's $6.161B.
- Adjusted EBITDA of $2.128B, up 33% from FY 2022's $1.6B.
For FY 2024, management guided:
- Revenue of $6.745B to $7.185B.
- Adjusted EBITDA fo $2.14B to $2.34B.
- Capex of $650M to $700M.
CEO Ward Nye commented: "A strong Q4 capped the best year in our company's history.
"In fact, 2023 was extraordinary in nearly every respect for Martin Marietta. We achieved the safest and most profitable year ever while enhancing the durability of our business through enterprise excellence together with undertaking non-core asset divestitures.
"Looking at the year ahead, we expect aggregates demand for infrastructure, large-scale energy, and domestic manufacturing projects will be strong, largely offsetting weaker residential demand and anticipated softening in light nonresidential activity. That said, as mortgage rates stabilize and affordability headwinds recede, we fully expect single-family residential construction to recover, as demand still far exceeds supply, particularly in our key markets."
"The advantaged nationwide presence of our business, built over decades and further complemented with our recently-announced acquisitions, uniquely positions us to capitalize on favorable population migration trends in the near, medium, and long term.
"Together with this foundation and our unyielding commitment to execute our proven strategic plan, we fully expect to continue driving sustainable growth and shareholder returns through dynamic macroeconomic cycles."
Patrick Brown, a top 1% analyst from Raymond James maintains MLM with a buy rating and raises their MLM price target from $505.00 to $555.00, on Jan 25, 2024.
Angel Castillo, a bottom 10% analyst from Morgan Stanley initiates coverage on MLM with a strong buy rating and announces their MLM price target of $595.00, on Jan 8, 2024.
You can dive deeper into what analysts are projecting on the Martin Marietta Materials stock forecast page.
MLM Technical Indicators
How is MLM performing as a company?
Last year, MLM earnings were $1.17B. Over the last five year, MLM's earnings have grown by 20.41% per year. This was faster than the Building Materials industry average of 14.62%.
Last year, MLM revenue was $6.78B. In the past 5 year, MLM's revenue has gone up by 9.81% per year. This was faster than the Building Materials industry average of 9.55%.
You can research MLM's earnings and revenue performance here.
Are MLM executives and large shareholders buying or selling the stock?
Over the past 12 months, executives and large shareholders at MLM have sold more shares than they have bought.
Roselyn R. Bar, EVP General Counsel and Secy of MLM, was the latest MLM insider to sell. They sold $6,032,900.00 worth of MLM stock on Mar 14, 2024.
Get more info about who owns MLM shares here.
Does MLM stock generate passive income?
Martin Marietta Materials pays a dividend of 0.48%, compared to the Building Materials industry's average dividend yield of 3.2%. If you owned $1,000 of MLM stock, you would have received $4.82 in the past year.
Martin Marietta Materials dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Martin Marietta Materials dividend yield and history here.
What others are saying about MLM
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your MLM trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price limit, place a limit order.
Press the Open button and eToro will place your order.
If you need more help investing in stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your MLM investment
Now that you own some shares in MLM, you'll want to keep up with your company.
Add MLM to a watchlist to keep track of your MLM stock.
MLM Feed
How to Buy Stock in Martin Marietta Materials
To reiterate, here are the 6 steps for buying Martin Marietta Materials stock:
- Choose where to buy Martin Marietta Materials stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Evaluate Martin Marietta Materials stock
- Execute your MLM trade
- Get key alerts regarding your MLM investment
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Martin Marietta Materials, click below.
Trending "How To" Guides
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.