With a market cap of around $36 billion, Martin Marietta Materials, Inc. (MLM) is a leading natural resource–based building materials company supplying aggregates, cement, concrete, asphalt, and paving services to construction markets across the U.S. and internationally. It also produces magnesia-based chemical products and dolomitic lime used in industries such as steel manufacturing, agriculture, and environmental applications.
Shares of the Raleigh, North Carolina-based company have underperformed the broader market over the past 52 weeks. MLM stock has risen over 2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 10.5%. However, shares of the company have increased 15.6% on a YTD basis, outpacing SPX's 11.2% return.
