Headquartered in Raleigh, North Carolina, Martin Marietta Materials, Inc. (MLM) is a natural resource-based building materials company that supplies aggregates and heavy-side building materials to the construction industry. Valued at a market cap of $37.2 billion, the company’s core products include crushed stone, sand, gravel, cement, ready-mixed concrete, asphalt, and paving services.
Shares of this building materials company have lagged behind the broader market over the past 52 weeks. MLM has surged 13.5% over this time frame, while the broader S&P 500 Index ($SPX) has gained 15.1%. Nonetheless, on a YTD basis, the stock is up 19.5%, outperforming SPX’s 9.9% rise.
