Latest news with #MartinMarietta
Forbes
3 days ago
- Business
- Forbes
Fear Martin Marietta At $550?
UKRAINE - 2021/05/24: In this photo illustration, Martin Marietta logo is seen displayed on a ... More smartphone and pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Martin Marietta Materials Inc (NYSE: MLM) stock fell 27% from its all-time high of approximately $620 in November 2024, decreasing to $453 in April 2025. It then rebounded by about 22% to current levels around $550. Thus, the stock is down roughly 11% since November, despite the company reporting an operating margin exceeding 42% in 2024. In comparison, Meta reported operating margins of 42% in 2024 and has still seen an increase of 9% from early November to now! However, there's an important point to consider: Martin Marietta trades at 32 times earnings. Reversing that gives a meager 3% earnings yield. For reference, Meta—which owns Facebook, Instagram, WhatsApp, and Reality Labs—trades at a significantly lower earnings multiple of 23 times and is growing revenue almost twice as quickly. Meta's revenue has grown by 13% over the last three years, while MLM experienced revenue growth of 6.7% during the same period. So yes, Martin Marietta benefits from consistent infrastructure demand which ensures stable cash flows and strong returns. But at $550 per share, this represents a premium valuation pursuing a growth narrative that simply isn't keeping up. And what happens when the growth fails to meet expectations? That's when reality sets in. See Buy or Sell MLM stock? MLM is frequently regarded as a long-term asset that will gain from sustained urbanization, infrastructure enhancements, and population growth, but history paints a different picture. During the 2008 global financial crisis, its shares plummeted nearly 64%. At the beginning of the Covid pandemic in 2020, they dropped by 49%. Moreover, in 2022, amidst rising inflation and consumer pressure, Martin Marietta faced another setback with a 33% decrease. Not exactly resilient—yet currently, the stock trades at a premium valuation. MLM benefits from stable demand propelled by infrastructure expenditures, particularly owing to government initiatives like the U.S. Infrastructure Investment and Jobs Act (IIJA). Projects involving highways, bridges, and public works necessitate substantial volumes of aggregates — MLM's core product. Furthermore, MLM stands as one of the largest providers of construction aggregates in the U.S., which affords it pricing power and economies of scale. Its size and vertical integration enhance operational efficiency. MLM consistently showcases strong earnings, significant free cash flow, and high returns on invested capital. Yet the broader context is less exciting. As of the first quarter of 2025, Martin Marietta has encountered a notable rise in its debt levels, mainly due to strategic acquisitions and capital investments aimed at expanding its operations. Debt was reported at $5.41 billion as of March 31, 2025, marking a significant increase from $3.95 billion at the conclusion of 2024. The company disclosed a debt to EBITDA of 4.06 for the quarter ending March 2025, which surpasses the industry median. The company reported solid performance for the first quarter of 2025. Revenues totaled $1.35 billion, reflecting an 8% year-over-year increase. In FY26, the company has projected revenues between $6.83 billion and $7.23 billion, indicating a growth of 5 to 10%. Adjusted EBITDA is anticipated to increase by around 9%. That's hardly significant growth for a company valued like a hyper-growth tech stock. Adding to the difficulties are weather-related risks. Operations can be disrupted by hurricanes, storms, or other extreme weather events, which have historically caused production delays and impacted revenue. Despite valuation pressures and macroeconomic risks, MLM's scale provides it with considerable advantages. The company is well-positioned to capitalize on the IIJA, which allocates $1.2 trillion for infrastructure projects over five years. As of early 2025, roughly 66% of highway and bridge funding is yet to be utilized, suggesting a substantial pipeline of projects extending through 2026 and beyond. In Q1 2025, Martin Marietta reported a 6.8% increase in the average selling price of aggregates to $23.77 per ton, driven by organic price/cost improvements and margin-accretive acquisitions. This pricing momentum is likely to persist, bolstering revenue growth. Investing in a single stock carries inherent risks. Conversely, the Trefis High Quality (HQ) Portfolio, consisting of 30 stocks, has demonstrated a history of comfortably outperforming the S&P 500 over the past 4 years. Why is that? Collectively, HQ Portfolio stocks have yielded better returns with lower risk compared to the benchmark index, exhibiting less volatility as illustrated in HQ Portfolio performance metrics.
Yahoo
20-05-2025
- Yahoo
Live on Location: Quarry Springs Park in Colfax adds 40 new RV sites
COLFAX, Iowa — What started as a vacant quarry with lots of potential has officially turned into one of Jasper County's standout destinations. Quarry Springs Park is located just off I-80 in Colfax. The park is operated by the Colfax Park Board, and this year it's celebrating 10 years of operation with the unveiling of its biggest project yet — an RV campground. The board acquired the 480 acres of land from Martin Marietta, an Iowa area development group known for donating land to local governments across the state. The area was formerly a sand and gravel quarry but it was no longer a profitable quarry and therefore sat vacant. Doug Garrett is the president of the Colfax Park Board. The board was created in 1999 to oversee the creation of two baseball diamonds in the west of town. In 2014, board members learned of the possibility of acquiring the prized 480 acres of land near exit 155 on I-80. Garrett said the land had the potential to be a tourism destination in Central Iowa because 240 acres, or half of the park's total acreage, was spring-fed water. He believed the sight would be a perfect location for a campground. Mineral water made Colfax a booming vacation hot spot The board started planning for Quarry Springs Park in April 2014, but officially accepted the land without reclamation in 2015. For the first year, Garrett said community members worked on the land to help them get it open by 2016. Volunteering at the park became a common trend for Colfax residents and those from surrounding communities. 'Since [2014 and] going through the last month, we're literally just a little over 57,000 volunteer hours,' said Garrett. 'The grants are nice, but the volunteer hours is what's really carried the opportunity to develop the way that we have.' The most recent volunteers helped plant 50 trees of seven different species in the new RV campground. The RV campground project cost $1.2 million in total, but the city had help from a $400,000 grant from Destination Iowa. The new addition added 40 RV sites to the park's existing 27 tent sites. Garrett said Iowa campers have a hard time finding RV sites because state and county parks fill up quickly as a result of renovations. The new site at Quarry Springs Park is adding another opportunity for Iowans to enjoy the outdoors. Over the last 10 years of the park's operation, people came to kayak or boat, or hike the 6 miles of trails surrounding the park. There are also sand dunes that kids frequently play in. On weekends and holidays, Adventure Iowa provides kayaks for rent along the waterfront. The most unique attraction for Quarry Springs Park is the osprey, a fish-eating bird of prey. The park has one consistent nesting pair every year, but up to three nesting pairs have been spotted in the park in a given year. Garrett said the Iowa DNR has observed as many as 26 known nesting pairs across the state of Iowa, so having three pairs in one location is unheard of. On Location: Colfax-Mingo school spotlight Colfax City Administrator Wade Wagoner said the ospreys are a huge attraction to the park. Visitors can see the bird dive up to six feet deep into the water to catch prey. Wagoner said the Iowa DNR had tried to rehome osprey in other areas of the state, but the osprey kept finding their way back to Quarry Springs Park. As a result, when the city redesigned its city flag, it included an osprey on it. A new attraction coming later this year to Quarry Springs Park is a disc golf course. While this is a frequent destination for people in Jasper County, the park also attracts people from across the country. Garrett said the park welcomed people from 34 different states last year, but they're expecting that number to increase this year with the new RV campsite. The Colfax Park Board is hosting a grand opening over the weekend for the new RV campsite. People can get tours of the park from a ranger, and there will be a dedication ceremony on Saturday, May 24th at 2 p.m. Quarry Springs Park is located at 200 North Park Road in Colfax, Iowa. Live on Location: Quarry Springs Park in Colfax adds 40 new RV sites On Location: Colfax-Mingo school spotlight Spring soaker: How much rain fell over Iowa last night Southwest Iowa water system struggling to come back online PHOTOS: Thunderstorms drop large hail in Iowa Monday Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Globe and Mail
15-05-2025
- Business
- Globe and Mail
Martin Marietta Declares Quarterly Cash Dividend
RALEIGH, N.C., May 15, 2025 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) ('Martin Marietta' or the 'Company') today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.79 per share on the Company's outstanding common stock. This dividend will be payable on June 30, 2025, to shareholders of record at the close of business on June 2, 2025. Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of building materials, including aggregates, cement, ready mixed concrete and asphalt. Through a network of operations spanning 28 states, Canada and The Bahamas, dedicated Martin Marietta teams supply the resources for building the solid foundations on which our communities thrive. Martin Marietta's Magnesia Specialties business produces high-purity magnesia and dolomitic lime products used worldwide in environmental, industrial, agricultural and specialty applications. For more information, visit or MLM-D
Yahoo
15-05-2025
- Business
- Yahoo
Martin Marietta Declares Quarterly Cash Dividend
RALEIGH, N.C., May 15, 2025 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) ('Martin Marietta' or the 'Company') today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.79 per share on the Company's outstanding common stock. This dividend will be payable on June 30, 2025, to shareholders of record at the close of business on June 2, 2025. Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of building materials, including aggregates, cement, ready mixed concrete and asphalt. Through a network of operations spanning 28 states, Canada and The Bahamas, dedicated Martin Marietta teams supply the resources for building the solid foundations on which our communities thrive. Martin Marietta's Magnesia Specialties business produces high-purity magnesia and dolomitic lime products used worldwide in environmental, industrial, agricultural and specialty applications. For more information, visit or Investor Contact: Jacklyn RookerDirector, Investor Relations (919) MLM-DError while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
30-04-2025
- Business
- Yahoo
Martin Marietta posts higher profit on strong demand for building materials
(Reuters) -Martin Marietta on Wednesday posted higher profit per unit, as steady infrastructure spending and investments in data center projects drove demand for its building and construction materials. The company also maintained its 2025 revenue forecast range of $6.83 billion to $7.23 billion and said that it "does not assume any material tariff-related positive or negative impacts." "Infrastructure demand remains a continuing bright spot amidst an uncertain macroeconomic backdrop," CEO Ward Nye said. Construction activity is expected to grow in 2025 as work advances on projects such as roads, bridges and ports supported by the federal and state government, Nye added. The company, which makes concrete and asphalt, is expecting benefits from former U.S. President Joe Biden's Infrastructure Investment and Jobs Act (IIJA), which outlined $1 trillion in investments, to grow and peak in 2026. Growing demand for data centers that power artificial intelligence also bolstered its nonresidential construction business. It shipped 39 million tons of materials during the quarter, up 7% from last year, while the average selling price per ton was $23.77, also up 7% from $22.26 in the previous year. The Raleigh, North Carolina-based company reported an 8% jump in quarterly revenue to $1.35 billion, although it was roughly in line with analysts' estimates. Its per-ton profit also rose 16% to $7.60 per ton. Sign in to access your portfolio
