MLM Stock Summary and Trading Ideas (Martin Marietta Materials | NYSE:MLM)

Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2023, Martin Marietta sold 199 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.

Martin Marietta Materials trades on the NYSE stock market under the symbol MLM.

As of April 19, 2024, MLM stock price declined to $575.89 with 1,000,788 million shares trading.

MLM has a beta of 1.29, meaning it tends to be more sensitive to market movements. MLM has a correlation of 0.42 to the broad based SPY ETF.

MLM has a market cap of $35.59 billion. This is considered a Large Cap stock.

Last quarter Martin Marietta Materials reported $2 billion in Revenue and $4.63 earnings per share. This fell short of revenue expectation by $-22 million and exceeded earnings estimates by $.64.

In the last 3 years, MLM stock traded as high as $626.67 and as low as $284.99.

The top ETF exchange traded funds that MLM belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

MLM has outperformed the market in the last year with a return of +62.2%, while the SPY ETF gained +21.2%. In the last 3 month period, MLM beat the market returning +14.1%, while SPY returned +3.0%. However, in the most recent 2 weeks MLM has underperformed the stock market by returning -7.0%, while SPY returned -4.5%.

MLM support price is $578.21 and resistance is $596.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MLM stock will trade within this expected range on the day.