Benzinga  Oct 9  Comment 
In a report published Thursday, Bank of America analyst Timna Tanners initiated coverage on Martin Marietta Materials (NYSE: MLM) with a Buy rating and $136.00 price target. In the report, Bank of America noted, “We initiate on Martin Marietta...
Market Intelligence Center  Oct 3  Comment 
For a hedged play on Martin Marietta Materials Inc. (MLM) MarketIntelligenceCenter.com’s patented trade-picking algorithms recommend the Nov. '14 $120.00 covered call for a net debit in the $117.43 area. That is also the break-even stock price...
Market Intelligence Center  Sep 26  Comment 
For a hedged play on Martin Marietta Materials Inc. (MLM) MarketIntelligenceCenter.com’s patented trade-picking algorithms recommend the Nov. '14 $130.00 covered call for a net debit in the $126.13 area. That is also the break-even stock price...
Market Intelligence Center  Aug 29  Comment 
After closing Thursday at $130.56, Martin Marietta Materials Inc. (MLM) presents an attractive opportunity to get a 2.96% return in just 50 days, which is an annualized return of 21.62% (for comparison purposes only). To enter this trade, sell one...
Market Intelligence Center  Aug 28  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center have selected a covered-call trade on Martin Marietta Materials Inc. (MLM) that includes 2.92% downside protection. Sell one...
SeekingAlpha  Aug 20  Comment 
By William Keep: Dear Investor: As your portfolio contains some percentage of high-risk/high-return opportunities, I want to pitch you on investing in a new TV reality show entitled: "Can This MLM Be Saved?" Naturally, you will want to know the...
SeekingAlpha  Aug 19  Comment 
By Rogier van Vlissingen: Herbalife (NYSE:HLF) remains in the news. Most recently with a downgrade by the Street, and some minor reports of certain investors getting in (deeper), as in the Capital Group, and some smart money getting out partially,...
newratings.com  Aug 18  Comment 
WASHINGTON (dpa-AFX) - Martin Marietta Materials, Inc. (MLM) said Monday that it has completed the divestitures required pursuant to a consent decree that was a condition of the Department of Justice's clearance of Martin Marietta's...
SeekingAlpha  Jul 29  Comment 
The following audio is from a conference call that will begin on July 29, 2014 at 14:00 PM ET. The audio will stream live while the call is active, and can be replayed upon its completion. Listen now Complete Story »
DailyFinance  Jul 29  Comment 
Martin Marietta Materials, Inc. (NYSE: MLM) today reported its results for the second quarter ended June 30, 2014. Ward Nye, Chairman, President and CEO of Martin Marietta, stated: “Second-quarter 2014 results reflect...


Martin Marietta Materials (NYSE: MLM) is a producer of aggregates for the infrastructure, agricultural, nonresidential, and residential construction.[1]The company also produces other chemicals used in industrial, agricultural, and environmental applications.[2] The company is segmented into the Mideast Group, Southeast Group, and West Group, collectively the Aggregates business, and the Specialty Products segment. As a producer of aggregates, the company's revenues depend on the construction industry.[3]

Business Growth

Martin earned $97 million on 2010 revenues of $1.78 billion, versus $85 million on 2009 revenues $1.70 billion.[4] Growth depends on residential construction activity, which has the potential of growth. In addition, the price increases also resulted in revenue growth.

Trends & Forces

Martin's revenues depend heavily on new construction starts, aggregate sales

A majority of Martin's aggregate products are used in the construction industry, so the company's results depend in part on the strength of the construction industry.[5] The housing slump beginning in 2007 has negatively affected Martin's business as new home construction dropped, reducing the number of residential homes to be built (and supplied with aggregates).[6] While private residential construction is a small market for MLM, the severe downturn in activity hurts business.[7] In general, the ongoing economic slowdown is leading lower levels of construction activity. A prolonged period of slow construction activity has the potential of significant curtailing Martin's growth.[8]

Energy Prices Makes Operation and Transport More Costly

Martin requires a continued supply of diesel fuel, natural gas, coal, petroleum coke and other forms of energy for production. Increasing energy costs, then, negatively affect the production of Martin's aggregates.[9] As a result, the price of oil and other energy sources have a significant impact of the company's margin.[10]



Of the more than 3,800 aggregate companies in the United States, the company estimates that the five largest aggregates producers control control 31% of the market.[11]Due to transportation costs, competition in the aggregates industry is limited by a company's proximity to its production facilities. Some of the largest competitors are as follows:


  1. Reuters.com: Company Profile for Martin Marietta
  2. Reuters.com: Company Profile for Martin Marietta
  3. Reuters.com: Company Profile for Martin Marietta
  4. Morningstar Financials for Martin Marietta
  5. Martin Marietta 2010 Annual report
  6. Martin Marietta 2010 Annual report
  7. Martin Marietta 2010 Annual report
  8. Martin Marietta 2010 Annual report
  9. Martin Marietta 2010 Annual report
  10. Martin Marietta 2010 Annual report
  11. SEC, Martin Marietta Materials 10-K, pg. 10
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