How to Find Strong Buy Construction Stocks Using the Zacks Rank

Zacks Equity Research

3 January 2024 at 9:40 am·2-min read

Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.

Should You Buy #1 (Strong Buy)-Ranked Martin Marietta (MLM) for Your Portfolio?

Martin Marietta was upgraded to the Zacks Rank #1 list on January 3, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Based in Raleigh, NC, Martin Marietta Materials, Inc. produces and supplies construction aggregates and other heavy building materials, mainly cement, in the United States. The end uses of the company’s aggregates and cement are infrastructure, private residential and private non-residential construction. Railroad, agricultural, utility and environmental industries also use these products. The company supplies aggregates (crushed stone, sand and gravel) through its network of approximately 350 quarries, mines and distribution yards in 28 states, Canada and the Bahamas.

Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.22 to $18.44 per share. MLM boasts an average earnings surprise of 37.3%.

Earnings are expected to grow 52.8% for the current fiscal year, while revenue is projected to increase 19%.

Even more impressive, MLM has gained in value over the past four weeks, up 6.9% compared to the S&P 500's gain of 3.4%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Martin Marietta could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.

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Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report

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