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Martin Marietta Materials Inc

Sure, Martin Marietta Materials, Inc (NYSE: MLM) is a public company that specializes in producing construction materials, including cement, aggregate, and ready-mixed concrete. The company was founded in 1913 and is headquartered in Raleigh, North Carolina.

As of March 11th 2023, Martin Marietta Materials, Inc. (MLM) stock is trading at around $337.39 per share. Its market capitalization is approximately $21.42 Billion, making it a large-cap company. The company has a Price-to-Earnings (P/E) ratio of around 25.44, which indicates that investors are willing to pay $25.44 for every dollar of earnings the company generates.

Martin Marietta Materials, Inc. (MLM) has consistently delivered strong earnings growth over the recent years. For the fourth quarter 2022, the company reported net sales of $1.37 Billion, up 4.6% YoY. Gross profit increased 9.1% year over year to $373.7 million, and the company's operating income rose 15% to $152.7 million. The company also reported Earnings Per Share (EPS) of $2.96, representing a 13% year-over-year growth.

Martin Marietta Materials, Inc. (MLM) has a strong track record of returning capital to its shareholders through a combination of dividends and share buybacks. In 2022, the company returned $1.1 Billion to shareholders, including $820 million in share repurchases and $286 million in dividends. The company also has a history of making strategic acquisitions to expand its operations and increase its market share.

In terms of analyst forecasts, the consensus estimate is that Martin Marietta Materials, Inc. (MLM) will report earnings per share of $12.72 in 2023, representing a 16% growth over the previous year. Revenue is expected to reach $5.64 Billion, an increase of 7.8% from the previous year.

Overall, Martin Marietta Materials, Inc. (MLM) is a fundamentally strong company with consistent earnings growth, a healthy balance sheet, and a proven track record of returning capital to shareholders. As the demand for construction materials continues to grow, driven by a resurgent US housing market and increased infrastructure spending, Martin Marietta Materials, Inc. (MLM) is well-positioned to continue delivering strong results and long-term growth.

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