Martin Marietta Materials (Martin Marietta Materials) Momentum Rank : 9 (As of Apr. 27, 2024)

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What is Martin Marietta Materials Momentum Rank?

Martin Marietta Materials has the Momentum Rank of 9.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Martin Marietta Materials's Momentum Rank

For the Building Materials subindustry, Martin Marietta Materials's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Martin Marietta Materials's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Martin Marietta Materials's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Martin Marietta Materials's Momentum Rank falls into.

Martin Marietta Materials Momentum Rank Related Terms

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Martin Marietta Materials (Martin Marietta Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Martin Marietta Materials Inc (NYSE:MLM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MLM:Mexico MMX:Germany M1LM34:Brazil

Address

4123 Parklake Avenue, Raleigh, NC, USA, 27612

Website

https://www.martinmarietta.com

Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2022, Martin Marietta sold 207 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.

Executives

Craig M Latorre	officer: Sr. VP, CHRO	2710 WYCLIFF ROAD, RALEIGH NC 27607
Kelly Gean Bennett	officer: Sr VP, Human Resources	4123 PARKLAKE AVENUE, RALEIGH NC 27612
Sue W Cole	director	C/O US TRUST CO OF NORTH CAROLINA, 301 N. ELM ST., GREENSBORO NC 27401
Oliver W Brooks	officer: SVP - Enterprise Excellence	4123 PARKLAKE AVENUE, RALEIGH NC 27612
John P Mohr	officer: SVP - CIO	2710 WYCLIFF ROAD, RALEIGH NC 27607
Michael J Petro	officer: SVP - Strategy and Development	4123 PARKLAKE AVENUE, RALEIGH NC 27612
C Howard Nye	officer: Pres & Chief Operating Officer	2710 WYCLIFF ROAD, RALEIGH NC 27607
Roselyn R Bar	officer: VP, Gen. Counsel and Secy	C/O MARTIN MARIETTA MATERIALS INC, 2710 WYCLIFF ROAD, RALEIGH NC 27607
Anthony R Foxx	director	2710 WYCLIFF ROAD, RALEIGH NC 27607
Zelnak Stephen P Jr	director, officer: Chairman, President and CEO	MARTIN MARIETTA MATERIALS INC, 2710 WYCLIFF ROAD, RALEIGH NC 27607
David C Wajsgras	director	870 WINTER STREET, WALTHAM MA 02451
John J Koraleski	director	MARTIN MARIETTA, 2710 WYCLIFF ROAD, RALEIGH NC 27607
Daniel L. Grant	officer: SVP - Strategy and Development	2710 WYCLIFF ROAD, RALEIGH NC 27607
Thomas Pike	director	C/O ACCENTURE, 161 N. CLARK STREET, 23RD FLOOR, CHICAGO IL 60601
Laree E Perez	director	1111 LOUISIANA STREET, HOUSTON TX 77002