Martin Marietta Materials Inc. (NYSE:MLM) has a beta of 0.65, a 12-month trailing P/E ratio of 27.64, and a growth ratio of 2.28. The stock’s Relative Strength Index (RSI) is 33.55, with weekly volatility at 2.18% and ATR at 8.46. The MLM stock’s 52-week price range has touched low of $198.81 and a $383.71 high. Its shares traded lower over the last trading session, losing -1.89% on 06/17/21. The shares fell to a low of $331.00 before closing at $336.52. Intraday shares traded counted 0.5 million, which was -19.22% lower than its 30-day average trading volume of 416.02K. MLM’s previous close was $342.99 while the outstanding shares total 62.30M.
Investors have identified the Building Materials company Martin Marietta Materials Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $20.83 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Martin Marietta Materials Inc. (MLM) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1.68 billion total, with 448.8 million as their total liabilities.
MLM were able to record 81.6 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by 50.4 million. In cash movements, the company had a total of 191.9 million as operating cash flow.
Potential earnings growth for Martin Marietta Materials Inc. (MLM)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, Martin Marietta Materials Inc. recorded a total of 982.4 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 2.46% coming in sequential stages and their sales for the 08/03/2021 quarter reducing by -20.08%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 807.7 million trying to sell their products during the last quarter, with the result yielding a gross income of 174.7 million. This allows shareholders to hold on to 62.30M with the recently reported earning now reading 1.05 cents per share. This is a figure that compared to analyst’s prediction for their 08/03/2021 (1.04 cents a share).
Having a look at the company’s valuation, the company is expected to record 14.06 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MLM sounds very interesting.
Is the stock of MLM attractive?
In related news, Chairman, Pres & CEO, Nye C Howard sold 10,000 shares of the company’s stock in a transaction that recorded on Mar 10. The sale was performed at an average price of 337.84, for a total value of 3,378,400. As the sale deal closes, the Chairman, Pres & CEO, Nye C Howard now sold 6,948 shares of the company’s stock, valued at 2,346,965. Also, Chairman, Pres & CEO, Nye C Howard sold 3,052 shares of the company’s stock in a deal that was recorded on Mar 09. The shares were price at an average price of 335.06 per share, with a total market value of 1,022,603. Following this completion of acquisition, the EVP, General Counsel and Secy, BAR ROSELYN R now holds 10,004 shares of the company’s stock, valued at 2,747,456. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
6 out of 20 analysts covering the stock have rated it a Buy, while 12 have maintained a Hold recommendation on Martin Marietta Materials Inc.. 0 analysts has assigned a Sell rating on the MLM stock. The 12-month mean consensus price target for the company’s shares has been set at $378.75.