Lazard increased its stake in Martin Marietta Materials, which beat earnings estimates but missed revenue targets, with stock at $623.01 and a $652.19 price target.

Lazard Freres Gestion S.A.S. increased its stake in Martin Marietta Materials (MLM) to 53,190 shares, valued at about $33.5 million as of Q3 2025. The company reported adjusted earnings of $6.85 per share, beating estimates, and adjusted EBITDA of $743 million, slightly above consensus, though revenue of $1.85 billion fell short of $2.06 billion. Despite a 12.4% year-over-year revenue increase, full-year guidance lagged analyst forecasts. The stock, trading at $623.01 with a market cap of $37.57 billion, has a 52-week range of $441.95 to $665.18. Analysts maintain a “Moderate Buy” rating with a $652.19 target. The firm pays a $0.83 quarterly dividend, yielding 0.5%, and reported a 27.4% operating margin.