Intrinsic value of Martin Marietta Materials - MLM

Previous Close

$226.98

  Intrinsic Value

$101.54

stock screener

  Rating & Target

str. sell

-55%

Previous close

$226.98

 
Intrinsic value

$101.54

 
Up/down potential

-55%

 
Rating

str. sell

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of MLM stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  7.88
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  3,819
  3,895
  3,985
  4,087
  4,202
  4,330
  4,470
  4,622
  4,787
  4,964
  5,155
  5,358
  5,576
  5,807
  6,053
  6,315
  6,591
  6,884
  7,194
  7,521
  7,867
  8,232
  8,616
  9,021
  9,449
  9,898
  10,372
  10,871
  11,395
  11,947
  12,527
Variable operating expenses, $m
 
  1,266
  1,290
  1,317
  1,348
  1,383
  1,420
  1,461
  1,506
  1,554
  1,605
  1,444
  1,503
  1,565
  1,631
  1,702
  1,776
  1,855
  1,939
  2,027
  2,120
  2,218
  2,322
  2,431
  2,546
  2,667
  2,795
  2,929
  3,071
  3,219
  3,376
Fixed operating expenses, $m
 
  2,002
  2,052
  2,103
  2,156
  2,210
  2,265
  2,322
  2,380
  2,439
  2,500
  2,563
  2,627
  2,692
  2,760
  2,829
  2,899
  2,972
  3,046
  3,122
  3,200
  3,280
  3,362
  3,446
  3,532
  3,621
  3,711
  3,804
  3,899
  3,997
  4,097
Total operating expenses, $m
  3,151
  3,268
  3,342
  3,420
  3,504
  3,593
  3,685
  3,783
  3,886
  3,993
  4,105
  4,007
  4,130
  4,257
  4,391
  4,531
  4,675
  4,827
  4,985
  5,149
  5,320
  5,498
  5,684
  5,877
  6,078
  6,288
  6,506
  6,733
  6,970
  7,216
  7,473
Operating income, $m
  667
  628
  643
  667
  698
  737
  784
  839
  901
  971
  1,050
  1,352
  1,447
  1,550
  1,663
  1,785
  1,916
  2,057
  2,209
  2,372
  2,547
  2,733
  2,932
  3,144
  3,370
  3,610
  3,866
  4,137
  4,425
  4,731
  5,055
EBITDA, $m
  952
  1,030
  1,050
  1,078
  1,115
  1,161
  1,214
  1,276
  1,346
  1,425
  1,512
  1,608
  1,714
  1,828
  1,952
  2,087
  2,231
  2,387
  2,554
  2,732
  2,923
  3,127
  3,344
  3,576
  3,822
  4,084
  4,362
  4,657
  4,970
  5,302
  5,654
Interest expense (income), $m
  74
  74
  76
  80
  83
  88
  92
  97
  103
  109
  115
  122
  130
  138
  146
  155
  165
  175
  186
  197
  209
  222
  235
  249
  264
  280
  296
  314
  332
  351
  371
Earnings before tax, $m
  607
  554
  567
  587
  615
  650
  692
  742
  798
  863
  934
  1,230
  1,317
  1,412
  1,516
  1,629
  1,751
  1,882
  2,024
  2,175
  2,338
  2,511
  2,697
  2,895
  3,106
  3,331
  3,570
  3,824
  4,093
  4,380
  4,684
Tax expense, $m
  182
  150
  153
  159
  166
  175
  187
  200
  216
  233
  252
  332
  356
  381
  409
  440
  473
  508
  546
  587
  631
  678
  728
  782
  839
  899
  964
  1,032
  1,105
  1,183
  1,265
Net income, $m
  425
  405
  414
  429
  449
  474
  505
  541
  583
  630
  682
  898
  961
  1,031
  1,107
  1,189
  1,278
  1,374
  1,477
  1,588
  1,707
  1,833
  1,969
  2,113
  2,267
  2,431
  2,606
  2,791
  2,988
  3,197
  3,419

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  50
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  7,301
  7,392
  7,562
  7,756
  7,974
  8,216
  8,481
  8,770
  9,083
  9,419
  9,781
  10,168
  10,580
  11,020
  11,487
  11,982
  12,507
  13,063
  13,651
  14,272
  14,928
  15,620
  16,349
  17,119
  17,929
  18,783
  19,681
  20,627
  21,623
  22,670
  23,771
Adjusted assets (=assets-cash), $m
  7,251
  7,392
  7,562
  7,756
  7,974
  8,216
  8,481
  8,770
  9,083
  9,419
  9,781
  10,168
  10,580
  11,020
  11,487
  11,982
  12,507
  13,063
  13,651
  14,272
  14,928
  15,620
  16,349
  17,119
  17,929
  18,783
  19,681
  20,627
  21,623
  22,670
  23,771
Revenue / Adjusted assets
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
  0.527
Average production assets, $m
  3,801
  3,876
  3,965
  4,067
  4,181
  4,308
  4,447
  4,599
  4,763
  4,939
  5,129
  5,332
  5,548
  5,778
  6,023
  6,283
  6,558
  6,850
  7,158
  7,484
  7,828
  8,190
  8,573
  8,976
  9,401
  9,849
  10,320
  10,816
  11,338
  11,887
  12,465
Working capital, $m
  539
  682
  697
  715
  735
  758
  782
  809
  838
  869
  902
  938
  976
  1,016
  1,059
  1,105
  1,153
  1,205
  1,259
  1,316
  1,377
  1,441
  1,508
  1,579
  1,654
  1,732
  1,815
  1,902
  1,994
  2,091
  2,192
Total debt, $m
  1,686
  1,696
  1,769
  1,852
  1,946
  2,050
  2,163
  2,287
  2,421
  2,566
  2,721
  2,887
  3,064
  3,252
  3,453
  3,665
  3,891
  4,129
  4,381
  4,648
  4,929
  5,226
  5,539
  5,869
  6,217
  6,583
  6,968
  7,374
  7,801
  8,250
  8,723
Total liabilities, $m
  3,161
  3,171
  3,244
  3,327
  3,421
  3,525
  3,638
  3,762
  3,896
  4,041
  4,196
  4,362
  4,539
  4,727
  4,928
  5,140
  5,366
  5,604
  5,856
  6,123
  6,404
  6,701
  7,014
  7,344
  7,692
  8,058
  8,443
  8,849
  9,276
  9,725
  10,198
Total equity, $m
  4,140
  4,221
  4,318
  4,429
  4,553
  4,691
  4,843
  5,008
  5,186
  5,379
  5,585
  5,806
  6,041
  6,292
  6,559
  6,842
  7,142
  7,459
  7,795
  8,149
  8,524
  8,919
  9,336
  9,775
  10,237
  10,725
  11,238
  11,778
  12,346
  12,944
  13,573
Total liabilities and equity, $m
  7,301
  7,392
  7,562
  7,756
  7,974
  8,216
  8,481
  8,770
  9,082
  9,420
  9,781
  10,168
  10,580
  11,019
  11,487
  11,982
  12,508
  13,063
  13,651
  14,272
  14,928
  15,620
  16,350
  17,119
  17,929
  18,783
  19,681
  20,627
  21,622
  22,669
  23,771
Debt-to-equity ratio
  0.407
  0.400
  0.410
  0.420
  0.430
  0.440
  0.450
  0.460
  0.470
  0.480
  0.490
  0.500
  0.510
  0.520
  0.530
  0.540
  0.540
  0.550
  0.560
  0.570
  0.580
  0.590
  0.590
  0.600
  0.610
  0.610
  0.620
  0.630
  0.630
  0.640
  0.640
Adjusted equity ratio
  0.564
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  425
  405
  414
  429
  449
  474
  505
  541
  583
  630
  682
  898
  961
  1,031
  1,107
  1,189
  1,278
  1,374
  1,477
  1,588
  1,707
  1,833
  1,969
  2,113
  2,267
  2,431
  2,606
  2,791
  2,988
  3,197
  3,419
Depreciation, amort., depletion, $m
  285
  402
  407
  411
  417
  423
  430
  437
  445
  453
  462
  256
  267
  278
  290
  302
  315
  329
  344
  360
  376
  394
  412
  432
  452
  474
  496
  520
  545
  571
  599
Funds from operations, $m
  584
  807
  820
  840
  866
  897
  935
  978
  1,028
  1,083
  1,144
  1,154
  1,228
  1,309
  1,397
  1,491
  1,594
  1,703
  1,821
  1,948
  2,083
  2,227
  2,381
  2,545
  2,719
  2,905
  3,102
  3,311
  3,533
  3,769
  4,018
Change in working capital, $m
  -95
  13
  16
  18
  20
  22
  24
  27
  29
  31
  33
  36
  38
  41
  43
  46
  48
  51
  54
  57
  60
  64
  67
  71
  75
  79
  83
  87
  92
  97
  102
Cash from operations, $m
  679
  794
  805
  822
  846
  875
  911
  952
  999
  1,052
  1,111
  1,118
  1,190
  1,268
  1,353
  1,446
  1,545
  1,652
  1,767
  1,890
  2,022
  2,163
  2,314
  2,474
  2,645
  2,826
  3,019
  3,224
  3,442
  3,672
  3,917
Maintenance CAPEX, $m
  0
  -183
  -186
  -191
  -196
  -201
  -207
  -214
  -221
  -229
  -237
  -247
  -256
  -267
  -278
  -290
  -302
  -315
  -329
  -344
  -360
  -376
  -394
  -412
  -432
  -452
  -474
  -496
  -520
  -545
  -571
New CAPEX, $m
  -387
  -75
  -89
  -102
  -114
  -127
  -139
  -151
  -164
  -177
  -190
  -203
  -216
  -230
  -245
  -260
  -275
  -291
  -308
  -326
  -344
  -363
  -383
  -403
  -425
  -448
  -471
  -496
  -522
  -549
  -578
Cash from investing activities, $m
  -555
  -258
  -275
  -293
  -310
  -328
  -346
  -365
  -385
  -406
  -427
  -450
  -472
  -497
  -523
  -550
  -577
  -606
  -637
  -670
  -704
  -739
  -777
  -815
  -857
  -900
  -945
  -992
  -1,042
  -1,094
  -1,149
Free cash flow, $m
  124
  536
  529
  530
  536
  547
  564
  586
  614
  646
  684
  669
  717
  771
  831
  896
  968
  1,045
  1,130
  1,221
  1,319
  1,424
  1,537
  1,658
  1,788
  1,927
  2,074
  2,232
  2,400
  2,578
  2,768
Issuance/(repayment) of debt, $m
  97
  60
  73
  83
  94
  104
  114
  124
  134
  145
  155
  166
  177
  188
  200
  213
  225
  238
  252
  266
  281
  297
  313
  330
  348
  366
  386
  406
  427
  449
  473
Issuance/(repurchase) of shares, $m
  -238
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -137
  60
  73
  83
  94
  104
  114
  124
  134
  145
  155
  166
  177
  188
  200
  213
  225
  238
  252
  266
  281
  297
  313
  330
  348
  366
  386
  406
  427
  449
  473
Total cash flow (excl. dividends), $m
  -13
  596
  602
  613
  629
  651
  678
  710
  748
  791
  839
  835
  894
  960
  1,031
  1,109
  1,193
  1,284
  1,382
  1,487
  1,600
  1,721
  1,850
  1,988
  2,136
  2,293
  2,460
  2,638
  2,827
  3,027
  3,240
Retained Cash Flow (-), $m
  -83
  -81
  -97
  -111
  -125
  -138
  -151
  -165
  -179
  -192
  -206
  -221
  -236
  -251
  -267
  -283
  -300
  -317
  -336
  -355
  -374
  -395
  -417
  -439
  -463
  -487
  -513
  -540
  -568
  -598
  -629
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  515
  505
  502
  505
  513
  527
  545
  569
  599
  633
  614
  659
  709
  764
  826
  893
  967
  1,046
  1,132
  1,226
  1,326
  1,434
  1,549
  1,673
  1,805
  1,947
  2,098
  2,258
  2,429
  2,611
Discount rate, %
 
  4.90
  5.15
  5.40
  5.67
  5.96
  6.25
  6.57
  6.89
  7.24
  7.60
  7.98
  8.38
  8.80
  9.24
  9.70
  10.19
  10.70
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.05
  15.80
  16.59
  17.42
  18.29
  19.21
  20.17
PV of cash for distribution, $m
 
  491
  457
  429
  405
  384
  366
  349
  334
  319
  304
  264
  251
  237
  222
  206
  189
  172
  154
  136
  119
  102
  86
  71
  58
  46
  36
  27
  20
  15
  11
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Martin Marietta Materials, Inc. is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications. The Company's Aggregates business operates through three segments: the Mid-America Group, Southeast Group and West Group. The Company's business is categorized into Aggregates Business, Cement Business and Magnesia Specialties Business. Its Cement business is reported through the Cement segment. Its Magnesia Specialties business manufactures and markets magnesia-based chemical products used in industrial, agricultural, and environmental applications, and dolomitic lime sold to customers in the steel industry. Its Cement business produces Portland and specialty cements. It manufactures and markets, through its Magnesia Specialties business, magnesia-based chemical products.

FINANCIAL RATIOS  of  Martin Marietta Materials (MLM)

Valuation Ratios
P/E Ratio 33.7
Price to Sales 3.8
Price to Book 3.5
Price to Tangible Book
Price to Cash Flow 21.1
Price to Free Cash Flow 49.1
Growth Rates
Sales Growth Rate 7.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 21.7%
Cap. Spend. - 3 Yr. Gr. Rate 20.1%
Financial Strength
Quick Ratio 0
Current Ratio 0.1
LT Debt to Equity 36.4%
Total Debt to Equity 40.7%
Interest Coverage 9
Management Effectiveness
Return On Assets 6.7%
Ret/ On Assets - 3 Yr. Avg. 5.1%
Return On Total Capital 7.4%
Ret/ On T. Cap. - 3 Yr. Avg. 5.4%
Return On Equity 10.4%
Return On Equity - 3 Yr. Avg. 7.5%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 23.8%
Gross Margin - 3 Yr. Avg. 20.6%
EBITDA Margin 25.3%
EBITDA Margin - 3 Yr. Avg. 21.7%
Operating Margin 17.5%
Oper. Margin - 3 Yr. Avg. 13.9%
Pre-Tax Margin 15.9%
Pre-Tax Margin - 3 Yr. Avg. 12%
Net Profit Margin 11.1%
Net Profit Margin - 3 Yr. Avg. 8.2%
Effective Tax Rate 30%
Eff/ Tax Rate - 3 Yr. Avg. 32.8%
Payout Ratio 24.7%

MLM stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MLM stock intrinsic value calculation we used $3819 million for the last fiscal year's total revenue generated by Martin Marietta Materials. The default revenue input number comes from 2016 income statement of Martin Marietta Materials. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MLM stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.9%, whose default value for MLM is calculated based on our internal credit rating of Martin Marietta Materials, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Martin Marietta Materials.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MLM stock the variable cost ratio is equal to 32.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1953 million in the base year in the intrinsic value calculation for MLM stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.5% for Martin Marietta Materials.

Corporate tax rate of 27% is the nominal tax rate for Martin Marietta Materials. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MLM stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MLM are equal to 99.5%.

Life of production assets of 20.8 years is the average useful life of capital assets used in Martin Marietta Materials operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MLM is equal to 17.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $4140 million for Martin Marietta Materials - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 61.844 million for Martin Marietta Materials is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Martin Marietta Materials at the current share price and the inputted number of shares is $14.0 billion.

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SUM Summit Materia 31.10 32.78  hold
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COMPANY NEWS

▶ New Strong Sell Stocks for January 9th   [Jan-09-18 08:26AM  Zacks]
▶ Basic Materials: The Most Overvalued Sector We Cover   [Dec-27-17 06:00AM  Morningstar]
▶ Martin Marietta Has a Solid Foundation for Profit Growth   [Dec-13-17 07:00AM  Morningstar]
▶ Martin Marietta Announces Pricing Terms of Debt Offering   [Dec-07-17 10:25AM  Business Wire]
▶ 3 Top Building-Materials Stocks to Buy Now   [Nov-30-17 08:30AM  Motley Fool]
▶ Martin Marietta Declares Regular Cash Dividend   [Nov-16-17 04:05PM  GlobeNewswire]
▶ Martin Marietta misses Street 3Q forecasts   [06:51AM  Associated Press]
▶ Stifel's case for materials stocks   [Oct-18-17 01:20PM  CNBC Videos]
▶ 6 Gurus' Stocks With Negative Performances   [12:49PM  GuruFocus.com]
▶ New Strong Sell Stocks for October 5th   [Oct-05-17 08:18AM  Zacks]
▶ Home improvement outlook favorable: Bank of America   [Sep-05-17 12:25PM  CNBC Videos]
▶ These 3 Stocks Just Raised Their Dividends   [Sep-02-17 06:33AM  Motley Fool]
▶ These 5 Stocks Surge On Hurricane Harvey Recovery Hopes   [04:24PM  Investor's Business Daily]
▶ Martin Marietta Increases Quarterly Cash Dividend   [Aug-24-17 04:01PM  GlobeNewswire]
▶ Martin Marietta shares dip after Southeast rainfall dampens quarter   [Aug-02-17 08:00AM  American City Business Journals]
▶ Martin Marietta misses Street 2Q forecasts   [Aug-01-17 09:32PM  Associated Press]
▶ Stock Market News for June 27, 2017   [Jun-27-17 10:47AM  Zacks]
▶ Nestle, Pandora and Children's Place gain; Arconic slides   [Jun-26-17 04:38PM  Associated Press]
▶ Martin Marietta to acquire Bluegrass Materials for $1.6B cash   [11:14AM  American City Business Journals]
▶ Martin Marietta CFO to retire, to be replaced by Caterpillar vet   [Jun-22-17 06:05PM  American City Business Journals]
Financial statements of MLM
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