Martin Marietta stock rebounds as Wells Fargo cuts its target

Published on 09/22/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Martin Marietta stock traded at USD 499.40 on September 22, 2026, after Wells Fargo cut its target to USD 585. Q2 revenue rose 21 percent to USD 1.95 billion.

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Martin Marietta Materials, Inc. (ISIN US5732841060) traded at USD 499.40 on the NYSE at 3:36 p.m. EDT on September 22, 2026, up USD 8.75 or 1.78 percent from the previous close of USD 490.64. The move followed a sharp valuation reset and a fresh target reduction from Wells Fargo.

Wells Fargo lowers its target

According to MarketBeat on September 21, 2026, Wells Fargo maintained an overweight rating but reduced its price target from USD 609 to USD 585. The USD 24 cut amounts to a 3.9 percent reduction, while the new target remained above the reported share price.

The broader analyst picture was more constructive than the single target change. MarketBeat reported a consensus rating of Moderate Buy and an average target of USD 666.12 on September 21, 2026, based on 12 Buy ratings, seven Holds and one Sell.

Q2 revenue rose 21 percent

Martin Marietta reported second-quarter fiscal 2026 EPS of USD 5.00, beating the USD 4.76 consensus estimate by USD 0.24, according to MarketBeat on September 21, 2026. Quarterly revenue reached USD 1.95 billion, up 21.0 percent from the same quarter a year earlier and above the USD 1.87 billion consensus estimate.

The comparison matters because earnings growth was not simply a volume story: the reported Q2 EPS of USD 5.00 was below the USD 5.43 recorded in the prior-year quarter, even as revenue increased by USD 340 million. That contrast leaves operating costs and margins as the key counterweight to the stronger top line.

Stock remains near its yearly low

Yahoo Finance listed a 52-week range of USD 488.74 to USD 710.97 on September 22, 2026. At USD 499.40, the stock was USD 11.92, or 2.4 percent, above the low and USD 211.57, or 29.8 percent, below the high.

The same Yahoo Finance snapshot showed an intraday market capitalization of USD 35.467 billion and volume of 612,011 shares on September 22, 2026. The scheduled earnings date was November 3, 2026, while the latest reported Q2 fiscal 2026 figures provide the current fundamental reference point.

Shares close near USD 500

Martin Marietta stock stood at USD 499.40 on the NYSE as of 3:36 p.m. EDT on September 22, 2026, after rising 1.78 percent from the prior close. The price remained close to the 52-week low of USD 488.74, while the current analyst consensus target was USD 666.12.