Stephens has lowered its price target for Martin Marietta Materials (NYSE:MLM) to $735 from $740, while maintaining an Overweight rating. This adjustment follows the company missing Stephens’ fourth-quarter estimates for aggregates average selling price and volume growth, and its consolidated EBITDA guidance for 2026 also fell short of expectations. Despite the lowered target and a premium P/E ratio, Stephens noted positive factors like the pending Quikrete swap closure and Infrastructure Investment and Jobs Act reauthorization discussions, with the company showcasing a 32-year history of dividend payments and 10 consecutive years of dividend raises.
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Martin Marietta Materials stock price target lowered by Stephens to $735 By Investing.com
Stephens has lowered its price target for Martin Marietta Materials (NYSE:MLM) to $735 from $740, while maintaining an Overweight rating. This adjustment follows the company missing Stephens’ fourth-quarter estimates for aggregates average selling price and volume growth, and its consolidated EBITDA guidance for 2026 also fell short of expectations. Despite the lowered target and a premium P/E ratio, Stephens noted positive factors like the pending Quikrete swap closure and Infrastructure Investment and Jobs Act reauthorization discussions, with the company showcasing a 32-year history of dividend payments and 10 consecutive years of dividend raises.