Martin Marietta stock falls 2.11 percent while Wells Fargo cuts target

Published on 09/25/2026 at 14:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 revenue reached USD 1.947 billion, up 21 percent year over year. Wells Fargo lowered its target from USD 609 to USD 585 on September 22, 2026.

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Martin Marietta stock (ISIN US5732841060) stood at USD 480.10 on the NYSE on September 24, 2026, down USD 10.35 or 2.11 percent from USD 490.45. The latest analyst move came from Wells Fargo, which reduced its price target from USD 609 to USD 585 while maintaining an Overweight rating on September 22, 2026.

Wells Fargo lowers its target

According to MarketBeat on September 22, 2026, Wells Fargo lowered the target despite keeping its Overweight view. The USD 585 target stands USD 104.90 above the September 24 share price, giving the analyst call a concrete valuation reference without changing the bank's rating.

MarketBeat also lists a Moderate Buy consensus across 20 analysts, with 12 Buy ratings, 7 Hold ratings and 1 Sell rating. The average target is USD 666.12, while the stated range runs from USD 556.00 to USD 785.00.

Revenue rises 21 percent

Stock Titan reports that Martin Marietta delivered record second-quarter 2026 revenue of USD 1.947 billion, up 21 percent from the year-earlier quarter. Adjusted EBITDA from continuing operations reached USD 638 million, an increase of 13 percent.

Adjusted diluted EPS was USD 5.00, while GAAP diluted EPS from continuing operations was USD 4.26. Aggregates shipments reached 61.6 million tons, up 17 percent, and the Specialties business generated record revenue of USD 152 million.

Guidance supports the valuation case

Management raised full-year 2026 revenue guidance to USD 7.2 billion to USD 7.4 billion and reaffirmed adjusted EBITDA guidance of USD 2.36 billion to USD 2.50 billion. The combination of higher guidance and a lower analyst target creates a split signal: operating expectations improved, while the valuation debate remains tied to the stock's decline.

Martin Marietta stock traded within a 52-week range of USD 477.40 to USD 710.97 on September 24, 2026. Its market capitalization was USD 28.84 billion and trading volume was 1,392,966 shares on that date.

Stock remains near yearly low

At USD 480.10, the stock was USD 2.70 above its 52-week low and USD 230.87 below its 52-week high. For investors, the key tension is visible in the numbers: second-quarter revenue grew 21 percent, yet the shares remained close to the lower end of their annual range.