6 stories mentioning MLMUpdated 21d ago
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Martin Marietta Materials (MLM) has an average rating of overweight and mean price target of $698.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target by $39 to $531, valuing shares at an EV/EBITDA of 15.2x our next-12-month continuing operations EBITDA estimate, a discount to its five-year average of 16.1x. We justify our discount given our view of a less supportive construction environment compared to recent years that benefited from substantial IIJA funding. With the IIJA set to expire September 30, 2026, and no replacement currently in place, market expectations for sustained funding may not adequately reflect a scenario where infrastructure funding moves from delayed to canceled, in our opinion. We lower our 2026 EPS view by $0.47 to $19.45 and our 2027 EPS view by $1.37 to $23.10. MLM's focus on its core aggregates business drives our expectations for 180 bps of EBITDA margin expansion (cont. operations) to 35.4% as the divested lower-margin cement/ready-mix concrete operations no longer drag on consolidated margins, though elevated fuel costs and inflation-driven construction budget constraints may limit pricing power.
Martin Marietta Materials (MLM) has an average rating of overweight and mean price target of $702, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $614.53, Change: $-4.55, Percent Change: -0.73%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:MLM delivered record Q1 2026 revenues of $1,362M (+17% Y/Y) with adjusted EPS of $1.93 (+14% Y/Y) and adjusted EBITDA growth of 14% to $364M, though underlying profitability metrics reflected portfolio optimization complexity. Aggregates shipments reached a record 43.9M tons (+12% Y/Y), but gross profit per ton declined 14% to $6.56 due to acquisition charges and inflation. We think the February completion of the QUIKRETE asset exchange and aggregates-focused strategy are sound moves, as aggregates carry stronger pricing power compared to cement and ready-mixed concrete. Management reaffirmed full-year 2026 guidance with mid-point adjusted EBITDA of $2.43B. We see execution risk in achieving this target, which requires Q2-Q4 adjusted EBITDA to average $689M quarterly (+5.9% vs. 2025). The troubling dynamic of 17% revenue growth while earnings from operations declined 9% represents an inversion of expected operating leverage.
Martin Marietta Materials (MLM) has an average rating of overweight and mean price target of $706.39, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $631.66, Change: $+23.68, Percent Change: +3.89%
Martin Marietta Materials (MLM) has an average rating of overweight and mean price target of $708.09, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $621.09, Change: $-10.44, Percent Change: -1.65%
