Martin Marietta Materials to Benefit From 'Supportive' Construction Market, UBS Says

MT Newswires Live

Nov 08, 2024

Martin Marietta Materials' (MLM) earnings are expected to benefit from a "supportive" construction market and a portfolio strategy that drives enhanced product mix and higher margins. UBS Securities said Thursday in a report.

A stronger acceleration in construction resulting in higher-than-expected aggregates volume and "more supportive" pricing in 2026 may spur higher gross profits, UBS said.

The reacceleration in nonresidential construction activity in H2 and into the following year may drive aggregates volume growth of 4% in 2026, UBS said.

UBS forecasts Martin Marietta adjusted earnings per share of $17.35 in 2024, $21 in 2025 and $24.05 in 2026.

"We see upside for the stock as investors gain confidence in the earnings growth we assume through 2026," UBS said.

UBS initiated coverage of the building materials company with a buy rating and a $730 price target.

Price: 618.65, Change: +1.34, Percent Change: +0.22

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UBS Securities said Thursday in a report.</p><p>A stronger acceleration in construction resulting in higher-than-expected aggregates volume and \"more supportive\" pricing in 2026 may spur higher gross profits, UBS said.</p><p>The reacceleration in nonresidential construction activity in H2 and into the following year may drive aggregates volume growth of 4% in 2026, UBS said.</p><p>UBS forecasts Martin Marietta adjusted earnings per share of $17.35 in 2024, $21 in 2025 and $24.05 in 2026.</p><p>\"We see upside for the stock as investors gain confidence in the earnings growth we assume through 2026,\" UBS said.</p><p>UBS initiated coverage of the building materials company with a buy rating and a $730 price target.</p><p>Price: 618.65, Change: +1.34, Percent Change: +0.22</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2481132234","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481132234","pubTimestamp":1731001694,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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UBS Securities said Thursday in a report.A stronger acceleration in construction resulting in higher-than-expected aggregates volume and \"more supportive\" pricing in 2026 may spur higher gross profits, UBS said.The reacceleration in nonresidential construction activity in H2 and into the following year may drive aggregates volume growth of 4% in 2026, UBS said.UBS forecasts Martin Marietta adjusted earnings per share of $17.35 in 2024, $21 in 2025 and $24.05 in 2026.\"We see upside for the stock as investors gain confidence in the earnings growth we assume through 2026,\" UBS said.UBS initiated coverage of the building materials company with a buy rating and a $730 price target.Price: 618.65, Change: +1.34, Percent Change: +0.22","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}