Martin Marietta Materials Inc. (NYSE: MLM) has reported E.P.S. of $5.93 for its third fiscal quarter (ending September 30) versus $6.96 for the same period a year ago — a decline of -15%. For the latest four quarters through September 30, E.P.S. were $32.33 compared to $17.75 a year ago — an increase of 82%.
Recent Price Action
Martin Marietta Materials Inc. (NYSE: MLM) stock closed at $604.85 on 10/30/24 after a large increase of 3.6%. Moreover, exceptionally high trading volume at 206% of normal accompanied the advance. The stock has risen 7.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MLM is expected to continue to be an important Value Builder.
Martin Marietta Materials has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Martin Marietta Materials has a slightly negative Appreciation Score of 36 and a poor Power Rating of 27, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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