With a market cap of $32.2 billion, Martin Marietta Materials, Inc. (MLM) is a natural resource-based company that supplies aggregates and heavy-side building materials for infrastructure, residential, and nonresidential construction projects across the United States and internationally. It also produces magnesia-based chemical products and dolomitic lime, which are used in industries such as steel production, wastewater treatment, and agriculture.
Shares of the Raleigh, North Carolina-based company have underperformed the broader market over the past 52 weeks. MLM stock has decreased 5% over this time frame, while the broader S&P 500 Index ($SPX) has gained 27.9%. Moreover, shares of the company have declined 13.8% on a YTD basis, compared to SPX's 9.2% return.
