Fintel reports that on September 9, 2026, Wells Fargo upgraded their outlook for Martin Marietta Materials (NYSE:MLM) from Equal-Weight to Overweight.
This rating action follows a prior action on July 31, 2026, when Wells Fargo maintained its Equal-Weight rating. Other recent analyst actions include JP Morgan upgrading the stock from Neutral to Overweight on September 2, 2026, and RBC Capital maintaining its Sector Perform rating on August 28, 2026. Additionally, DA Davidson initiated coverage with a Neutral rating on August 25, 2026, while Morgan Stanley maintained an Overweight rating on August 13, 2026.
Prior to the upgrade, the stock closed at $511.98 on September 8, 2026. This latest close represents a one-week price change of +1.40% from a baseline close of $504.92 on September 1, 2026, and a one-month price change of -6.67% from a baseline close of $548.57 on August 7, 2026. As of August 28, 2026, the current consensus target mean was $676.66 and the median was $685.44, representing an implied change of +32.17% from the pre-action close. The prior consensus target mean was $686.24 on August 4, 2026, reflecting a consensus target revision of -1.40%.
As of September 1, 2026, the current recommendation breakdown for the company consisted of 7 strong buy, 10 buy, 13 hold, 1 sell, and 0 strong sell recommendations, totaling 31 recommendations. This represents 54.8% positive, 41.9% hold, and 3.2% negative recommendations. In the prior period ending August 1, 2026, there were 30 total recommendations, consisting of 7 strong buy, 10 buy, 12 hold, 1 sell, and 0 strong sell recommendations, representing 56.7% positive, 40.0% hold, and 3.3% negative recommendations.
In its latest earnings report on July 30, 2026, Martin Marietta Materials reported an actual EPS of 5, exceeding the estimate of 4.7933 by a surprise of +4.31%. The actual revenue was $1,947,000,000,000,000.00, compared to an estimated $1,885,218,328,000,000.00. According to the company's Form 10-Q filed on July 30, 2026, the firm supplies aggregates through its network of approximately 500 quarries, mines, and distribution yards in 29 states, Canada, and The Bahamas as of June 30, 2026. Furthermore, a Form 8-K filed on August 24, 2026, disclosed details regarding a Registration Rights Agreement where the company agreed to file a shelf registration statement covering the resale of Consideration Shares.
Recent analyst actions
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This story originally appeared on Fintel.