{
}
UBS analysts highlight opportunities in the construction sector, particularly for Martin Marietta Materials (MLM) and Vulcan Materials (VMC), both rated as Strong Buy. Despite recent earnings misses, analysts foresee growth driven by a supportive construction market, with MLM expected to see an 18% upside and VMC a 19.5% increase in share price over the next year.
Martin Marietta Materials, Inc. stands as the second largest producer of aggregates and building materials in the U.S., with 95.3% of its sales derived from this sector. The product breakdown includes aggregates (62.1%), ready-mix concrete (14.6%), road surfacing materials and asphalt (12.8%), and cements (10.5%). Additionally, the company generates 4.7% of sales from magnesite chemicals and dolomitic limes, primarily serving the U.S. market, which accounts for 98.9% of its revenue.
Martin Marietta Materials, Inc. stands as America's second largest manufacturer of granules and building materials, with net sales predominantly from granules (62.1%), ready-mixed concretes (14.6%), road surfaces and asphalts (12.8%), and cement (10.5%). Additionally, the company produces magnesium-based chemical products for various applications, contributing 4.7% to net sales. Notably, 98.9% of its revenue is generated within the United States.
Natixis Advisors LLC increased its stake in Martin Marietta Materials to 97,554 shares valued at $52.5 million, while Mizuho Securities USA LLC raised its holdings by 197.5% to 14,152 shares worth $7.6 million. The company, a key supplier of building materials, reported a quarterly EPS of $5.91, missing estimates, with revenue down 5.3% year-over-year. Institutional investors own 95.04% of the stock, which has a "Moderate Buy" rating from analysts, with a consensus price target of $634.85.
Stocks closed on a sour note as traders anticipate earnings reports from Chevron and Exxon Mobil, with both CEOs scheduled to appear on CNBC. General Motors saw a 13% rise in the last month, while Ford and Stellantis faced declines. Apple reported strong iPhone sales but saw a slight drop in stock after hours, despite a 22.7% year-to-date increase. Financials outperformed in October, while health care and consumer durables struggled.
Martin Marietta Materials, Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
construction stocks poised for growth amid economic shifts and strategic opportunities
United States Dollar
Lockheed Martin Corporation
Martin Marietta Materials, Inc.
VIR
USA
MEX
BHS
CAN
Andrew Garthwaite
Steven Fisher
Michael Marcus
Show more
11:57 11.11.2024
ubs optimistic about martin marietta materials growth in aggregates market
02:30 08.11.2024
martin marietta materials maintains strong market position with buy recommendation
02:30 08.11.2024
institutional investors increase stakes in martin marietta materials amid mixed analyst ratings
13:50 07.11.2024
market movers to watch as earnings reports impact stock performance
Amazon.com, Inc.
Exxon Mobil Corporation
Martin Marietta Materials, Inc.
Apple Inc.
Ford Motor Company
Honda Motor Co., Ltd.
Wayfair Inc.
Hyundai
United Airlines Holdings, Inc.
D.R. Horton, Inc.
Stellantis N.V.
General Motors Company
Vulcan Materials Company
Toyota Auto Body CO Ltd.
Mohawk Industries, Inc.
Simon Property Group, Inc.
Chevron Corporation
USA
Steve Kovach
Tim Cook
Mike Wirth
Phil LeBeau
Darren Woods
Show more
00:06 01.11.2024
Trending
Subcategory
Corporate News
Industry Trends
Startups & Entrepreneurship
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
Stock Market Updates
Government Economic Policies
Industry Mergers & Acquisitions
Energy Sector Developments
Workplace Trends
Funding Rounds & Investments
CEO Changes
AI Applications
Private Equity Deals
Emerging Startups
Fintech Startups
AI Innovations
Global Financial Events
Central Bank Actions
Countries:
Companies:
Apple Inc.
Google Inc.
Tesla, Inc.
Amazon.com, Inc.
Microsoft Corporation
Tesmec S.p.A.
Alphabet Inc.
OpenAI ERC USD
Walmart Inc.
SWIGGY LIMITED
TENCENT
NVIDIA Corporation
Foxconn Technology Co., Ltd.
Hollywood Bowl Group PLC
NASDAQ Composite
Wise plc
Mastercard Inc
Bose Corporation
Mistral 1
Fast Retailing Co., Ltd.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
British Pound Sterling
United Arab Emirates Dirham
Vietnamese Đồng
South Korean Won
New Zealand Dollar
Saudi Riyal
Thai Baht
Australian Dollar
Indonesian Rupiah
Singapore Dollar
Omani Rial
Bahraini Dinar
Qatari Riyal
Algerian Dinar
Egyptian Pound
People: