Stock Price & Analysis

Based on the current market data and analyst recommendations, here's a concise analysis for MLM stock:

Technical Analysis The stock is currently trading at $532.43, showing a -1.15% decline in regular market trading. The RSI at 48.85 indicates neutral momentum, neither overbought nor oversold. The stock is currently testing its Fibonacci support level of $530.96.

Fundamental Outlook MLM is scheduled to report Q4 and full-year 2024 earnings on February 12, 2025. Analysts expect:

• Q4 EPS of $4.61, slightly down from $4.63 year-over-year
• Full-year revenue guidance between $6.5-6.7 billion

Analyst Consensus Recent analyst actions show strong bullish sentiment:

• Raymond James maintains Buy rating with $630 target (18.59% upside)
• Citigroup maintains Strong Buy rating with $600 target (15.97% upside)
• JPMorgan upgraded to Buy with $640 target

Key Considerations

• Strong infrastructure spending tailwinds
• Favorable geographic exposure in high-growth states
• Diesel cost decline providing margin tailwinds
• Weather-related disruptions in Q4 2024 may impact short-term results

Recommendation: HOLD While MLM shows strong long-term potential with infrastructure spending tailwinds and analyst optimism, the imminent earnings report on February 12 creates short-term uncertainty. Consider waiting for the earnings results before making any new position decisions.

Based on the available data and recent market analysis, here's the price prediction for MLM stock:

MLM is expected to reach $656.42 by end of 2025, representing a 21% upside potential from current levels of $532.43. This projection is supported by several key factors:

Technical Analysis

• Current RSI at 48.85 indicates neutral momentum, suggesting room for upward movement
• Stock is trading near its Fibonacci support level of $530.96, providing a strong base for potential upward movement
• 20-day SMA at $538.00 shows slight bullish trend

Fundamental Drivers

• Upcoming Q4 2024 earnings release on February 12, 2025, with analysts expecting EPS of $4.61
• Strong institutional support with 437 institutions adding positions recently
• Company's leading position in building materials sector across 28 states provides stable revenue base

Market Sentiment

• Strong analyst consensus with 13 out of 17 analysts giving "Strong Buy" ratings
• Recent infrastructure spending and construction sector growth support positive outlook
• Company's strategic position in aggregates and heavy building materials markets remains strong

The S1 support level for MLM Stock is $530.46 ,The R1 resistant level for MLM Stock is $552.66.

As of the end of day on 2025-02-11, the price of MLM Stock was $529.83.

The target price for MLM Stock according to analyst rating is 642.77, with the highest price target at 730.00 and the lowest at 563.00. Analysts have a Strong Buy rating on MLM Stock overall.

The market cap of MLM is $32.5B.

Based on the provided data, I'll analyze whether MLM is overvalued through multiple key metrics.

Valuation Analysis MLM's current PE ratio of 16.95 (Q3 2024) is relatively reasonable compared to its historical levels, showing a slight improvement from Q2's 16.55.

Market Position With a market cap of $32.9B, MLM stands as one of the largest players in construction materials, significantly larger than peers like Eagle Materials ($8.5B) and Summit Materials ($9.2B), but comparable to Vulcan Materials ($36B).

Financial Performance The company shows strong profitability with:

• Healthy gross margins of 31.71% in Q3 2024
• Solid ROE of 23.43%
• Strong current ratio of 2.34, indicating good liquidity

Conclusion MLM is not overvalued considering its market leadership position, strong financial metrics, and reasonable valuation multiples compared to peers.

Martin Marietta Materials, Inc. is a natural resource-based building materials company. The Company is a supplier of building materials, including aggregates, cement, ready mixed concrete and asphalt. It supplies aggregates (crushed stone, sand and gravel) through its network of approximately 350 quarries, mines and distribution yards in 28 states, Canada and The Bahamas. It also provides cement and downstream products, namely, asphalt and paving services, in markets that are naturally vertically integrated. The Company conducts its Building Materials business through two segments, such as East Group and West Group. The East Group provides aggregates and asphalt products. The West Group provides aggregates, cement, downstream products and paving services. The Company’s Magnesia Specialties business produces high-purity magnesia and dolomitic lime products used globally in environmental, industrial, agricultural and specialty applications. It is also an aggregate's producer in Colorado.

Based on the provided data and context, here is the MLM stock price prediction for 2030:

Martin Marietta Materials (MLM) stock is projected to reach $875-925 by 2030, driven by continued infrastructure spending and the company's strong market position in construction materials. The company's strategic expansion across 28 states and robust business fundamentals support this growth trajectory. The recent analyst consensus showing 13 out of 17 "Strong Buy" ratings and an average price target suggesting 21% upside from current levels indicates strong growth potential.

MLM has a total of 9400 employees.