Martin Marietta Materials, Inc. (MLM)

In the past six months, Martin Marietta Materials' stock hit a new 52-week high of $667.66 on January 9, 2026. In Q3 2025, the company reported revenues of $1.8 billion, up 12% year-over-year, but missed analysts' EPS estimates. A quarterly cash dividend was declared. Several firms adjusted their price targets and ratings, with most maintaining "Buy" or "Neutral" ratings, while Wells Fargo & Company reduced its price target. The company updated its full-year 2025 outlook, raising its Adjusted EBITDA to $2.3 billion.

Demand for Martin Marietta Materials' products and services exhibits seasonality, influenced by weather and the construction industry's cyclical nature. Approximately half of the company's sales come from the public sector, providing stability through government infrastructure spending. The Infrastructure Investment and Jobs Act (IIJA) provides a multi-year demand floor for aggregates. Challenging winter weather can impact performance, and historically wet weather and restrictive monetary policy have affected product shipments. An anticipated recovery in residential construction is expected to strengthen demand.

Martin Marietta Materials, Inc. specializes in natural resource-based building materials, operating in the Basic Materials sector and Construction Materials industry. The company mines, processes, and distributes aggregates like crushed stone, sand, and gravel, essential for construction projects. It also produces cement, ready-mixed concrete, asphalt, and offers paving services. Its Magnesia Specialties business provides magnesium oxide, magnesium hydroxide, and dolomitic lime products. The company emphasizes an "aggregates-led" strategy.

Martin Marietta Materials has operations across 26 states in the U.S., as well as in Canada and the Caribbean. It operates a network of quarries, processing plants, and distribution facilities, concentrated in the Sun Belt and Southeast regions. Key states contributing to revenue include Texas, Colorado, North Carolina, Iowa, and Georgia. The company strategically places quarries within 70 miles of destinations due to transportation costs and utilizes rail and waterborne systems for material transport.

Martin Marietta Materials maintains a strong reputation within the construction materials industry, focusing on operational excellence, safety, and environmental responsibility. The company achieved its best safety performance in the first half of 2024. There is a growing public demand for sustainable and locally sourced construction materials, presenting an opportunity for Martin Marietta to capture premium pricing and market share by prioritizing ESG criteria. The company faces challenges from local opposition to quarry expansion.

Martin Marietta Materials has a diverse ownership structure, with a significant portion held by institutional investors, approximately 81.17% to 97.52%. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and JPMorgan Chase & Co. Individual investors and public companies hold approximately 18.12% to 23.96% of the stock, while insiders own about 0.71% to 1.43%.