Martin Marietta Materials (NYSE:MLM) Price Target Cut to $680.00 by Analysts at JPMorgan Chase & Co.

Martin Marietta Materials (NYSE:MLM) had its target price reduced by JPMorgan Chase & Co. from $700.00 to $680.00 in a research note published on Friday morning,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Several other research analysts have also commented on the stock. Raymond James Financial set a $660.00 price target on shares of Martin Marietta Materials in a research note on Friday. UBS Group set a $739.00 price objective on shares of Martin Marietta Materials in a research note on Sunday, May 10th. Weiss Ratings upgraded shares of Martin Marietta Materials from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 25th. Morgan Stanley lowered their target price on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating on the stock in a research report on Monday, April 6th. Finally, Royal Bank Of Canada lowered their target price on shares of Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating on the stock in a research report on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus target price of $674.18.

Martin Marietta Materials Stock Performance

Shares of Martin Marietta Materials stock opened at $526.13 on Friday. Martin Marietta Materials has a 12 month low of $523.48 and a 12 month high of $710.97. The company has a quick ratio of 1.11, a current ratio of 1.41 and a debt-to-equity ratio of 0.44. The stock has a market cap of $31.59 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The business has a fifty day simple moving average of $577.73 and a 200-day simple moving average of $607.22.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $5.00 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.24. Martin Marietta Materials had a net margin of 36.73% and a return on equity of 9.49%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the firm posted $5.43 earnings per share. The firm’s revenue was up 21.0% on a year-over-year basis. On average, sell-side analysts anticipate that Martin Marietta Materials will post 19.43 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st were issued a $0.83 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $3.32 annualized dividend and a yield of 0.6%. Martin Marietta Materials’s dividend payout ratio is 7.91%.

Hedge Funds Weigh In On Martin Marietta Materials

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in Martin Marietta Materials by 14,332.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 77,792 shares of the construction company’s stock valued at $48,438,000 after buying an additional 77,253 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Martin Marietta Materials by 17.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,753 shares of the construction company’s stock valued at $7,318,000 after acquiring an additional 1,778 shares during the period. Jennison Associates LLC bought a new position in Martin Marietta Materials in the fourth quarter valued at about $18,636,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Martin Marietta Materials by 4.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 126,524 shares of the construction company’s stock worth $80,272,000 after purchasing an additional 5,227 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Martin Marietta Materials by 51.8% during the 4th quarter. Victory Capital Management Inc. now owns 2,448,928 shares of the construction company’s stock worth $1,524,853,000 after purchasing an additional 836,120 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Key Stories Impacting Martin Marietta Materials

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

• Positive Sentiment: Second-quarter revenue rose 21% year over year to a record $1.95 billion, exceeding the $1.87 billion analyst estimate. EPS of $5.00 also surpassed consensus, supported by record aggregates shipments and infrastructure demand. Martin Marietta Reports Second-Quarter 2026 Results
• Positive Sentiment: Management raised full-year 2026 revenue guidance to $7.2 billion-$7.4 billion, above the roughly $7.1 billion consensus estimate, while reaffirming adjusted EBITDA guidance. The company also expects operational-efficiency initiatives to generate approximately $350 million in cash-flow benefits. Martin Marietta raises FY2026 revenue outlook
• Neutral Sentiment: Analysts collectively maintain a “Moderate Buy” view, and the revised price targets remain above the current trading level. However, the range of opinions indicates a balance between confidence in infrastructure-driven demand and concerns about near-term earnings momentum. Martin Marietta receives Moderate Buy rating
• Negative Sentiment: Despite the quarterly beat, EPS declined from $5.43 in the prior-year quarter. That earnings decline may be limiting the market’s reaction to the higher revenue outlook. Martin Marietta Q2 earnings top estimates
• Negative Sentiment: JPMorgan lowered its price target from $700 to $680 and assigned a “Neutral” rating. Wells Fargo reduced its target from $616 to $581 and kept an “Equal Weight” rating. Although both targets imply upside, the cuts signal more limited conviction and add pressure to the stock. Analyst price-target revisions

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.