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Barchart
Barchart
Sohini Mondal

Martin Marietta Stock: Is MLM Underperforming the Basic Material Sector?

With a market cap of $34.4 billion, Martin Marietta Materials, Inc. (MLM) is a leading natural resource-based building materials company that supplies aggregates and heavy-side construction materials across the United States and international markets. The company provides crushed stone, sand, gravel, ready-mixed concrete, asphalt, and paving services that support infrastructure, residential, and nonresidential construction projects.

Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Martin Marietta fits this criterion perfectly. In addition, it manufactures magnesia-based chemical products and dolomitic lime used in industries such as steel production, wastewater treatment, flame retardants, and soil stabilization.

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