Wells Fargo lowered its target for Martin Marietta stock to USD 579.00
Published on 10/08/2026 at 16:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Wells Fargo lowered its Martin Marietta target from USD 585.00 to USD 579.00 on October 5, 2026, while maintaining Overweight.
- Second-quarter 2026 revenue rose 21.00 percent year over year to USD 1.947 billion.
- Martin Marietta traded at EUR 423.00 at Lang & Schwarz on October 8, 2026, down 1.12 percent versus EUR 427.80.
- The company is scheduled to report third-quarter 2026 results on November 3, 2026.
Martin Marietta (ISIN US5732841060) was trading at EUR 423.00 at Lang & Schwarz on October 8, 2026 at 4:37 p.m. CEST, down 1.12 percent versus the prior close of EUR 427.80. According to MarketBeat on October 5, 2026, Wells Fargo lowered its target from USD 585.00 to USD 579.00 while maintaining an Overweight rating. The target revision gives investors a concrete measure of the more cautious valuation backdrop.
Three dates set the story
On June 27, 2026, Martin Marietta entered an agreement to acquire Lhoist North America for USD 13.5 billion, including USD 7.0 billion in cash and USD 6.5 billion in stock, according to MetaTrader.
On September 17, 2026, Martin Marietta reported second-quarter 2026 revenue of USD 1.947 billion, up 21.00 percent from USD 1.609 billion a year earlier. FinDog said adjusted earnings per diluted share reached USD 5.00 against a USD 4.7933 consensus estimate, while a USD 45.00 million acquisition and inventory accounting charge affected the quarter.
On October 5, 2026, Wells Fargo reduced its target from USD 585.00 to USD 579.00 and kept the Overweight rating, according to MarketBeat. The latest target is USD 6.00 lower than the previous one, a 1.03 percent cut calculated against USD 585.00.
What does the target cut change?
The operating picture and the valuation signal now point in different directions. Second-quarter revenue grew 21.00 percent year over year, but adjusted earnings per diluted share of USD 5.00 included the USD 45.00 million charge, making the quality of the earnings growth as important as its headline pace.
Martin Marietta also raised full-year revenue guidance to USD 7.2 billion-USD 7.4 billion and reaffirmed adjusted EBITDA guidance of USD 2.36 billion-USD 2.50 billion, according to TradingView. The contrast matters because the Lhoist transaction adds scale while also increasing financing requirements.
Next results date is November 3
Yahoo Finance lists November 3, 2026 as the next earnings date for Martin Marietta. The company is a member of the S&P 500 and supplies aggregates, asphalt, ready-mixed concrete and specialty products across North America.
EUR 423.00 in afternoon trading
At Lang & Schwarz, Martin Marietta was trading at EUR 423.00 on October 8, 2026 at 4:37 p.m. CEST, down 1.12 percent versus the EUR 427.80 prior close. The primary NYSE listing was last at USD 474.19 on October 8, 2026 at 10:46 a.m. EDT, while its 52-week range was USD 470.19 to USD 710.97 and market capitalization was USD 28.5 billion.
The further course of trading is shown by the continuously updated real-time quote of Martin Marietta stock.
Martin Marietta stock facts
- Company: Martin Marietta Materials, Inc.
- ISIN: US5732841060
- Ticker: MLM
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 8, 2026, 4:37 p.m. CEST): EUR 423.00
- Change versus prior close: minus 1.12 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 427.80
- Market capitalization: USD 28.5 billion (as of October 8, 2026)
- 52-week range: USD 470.19-710.97 (as of October 8, 2026)
- Sector / Industry: Basic Materials / Construction Materials
- Index membership: S&P 500
- Next earnings date: November 3, 2026
Market context: Market report S&P 500.
