Update shared on 14 Nov 2025
Fair value Increased 0.40%The consensus analyst price target for Martin Marietta Materials has been increased by $2.64 to $666.29, as analysts cite an improving outlook for volumes and continued infrastructure spending.
Analyst Commentary
Analysts have recently updated their assessments of Martin Marietta Materials, reflecting a mix of optimism and caution as the company navigates changes in industry dynamics and macroeconomic factors. The following subsections outline the key bullish and bearish perspectives influencing recent valuations and expectations.
Bullish Takeaways
- Bullish analysts have raised price targets and highlighted the company's demonstrated volume recovery in the latest quarter, with a more normalized weather environment in critical regions such as the Southeast and Texas.
- Continued robust infrastructure spending is expected to support demand for construction materials and underpin the outlook for improved profitability and revenue growth.
- Improving inventory trends across machinery and relative laggards within the group present further opportunities for valuation upside.
- Upward revisions to EBITDA estimates suggest analysts see enhanced operating leverage and stronger execution in the near term.
Bearish Takeaways
- Some analysts maintain a neutral or cautious stance and cite expectations for softer demand trends to persist through the early part of 2025 before a more meaningful recovery materializes in late 2026 and into 2027.
- Caution is advised regarding construction sector exposure, as the pace of recovery is expected to be gradual and could impact valuation timelines.
- The company faces modest headwinds from cyclical factors and remains susceptible to macroeconomic shifts that could impact infrastructure investment and end-market demand.
What's in the News
- Martin Marietta Materials, Inc. has completed the repurchase of 8,802,350 shares, representing 13.73% of its shares, for $2,264.13 million under the buyback program announced in February 2015 (Key Developments).
- The company raised its earnings and revenue guidance for the full year 2025. It now expects revenues between $6,075 million and $6,250 million, and net earnings attributable to Martin Marietta to range from $985 million to $1,015 million (Key Developments).
Valuation Changes
- Consensus Analyst Price Target: Increased slightly from $663.65 to $666.29.
- Discount Rate: Increased modestly from 7.94% to 8.19%.
- Revenue Growth: Decreased from 7.88% to 7.35%.
- Net Profit Margin: Decreased marginally from 18.67% to 18.65%.
- Future P/E: Decreased slightly from 30.35x to 30.20x.
Disclaimer
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