MAY 21·Insider Monkey▲
Why Martin Marietta (MLM) Is Expanding Its Aggregates Footprint
Martin Marietta Materials, Inc. (MLM) is expanding its aggregates business, driven by strong infrastructure and heavy nonresidential demand. The company reported a 17% increase in Q1 revenue and a 12.4% rise in aggregates shipments. This strategic focus is evidenced by recent asset exchanges and acquisitions, including operations from QUIKRETE and New Frontier Materials, solidifying its position in construction materials markets.
MAY 19·MarketBeat→
TimesSquare Capital Management LLC Trims Holdings in Martin Marietta Materials, Inc. $MLM
TimesSquare Capital Management LLC reduced its stake in Martin Marietta Materials (NYSE:MLM) by 4.8% in Q4, now holding 91,094 shares valued at $56.72 million. Despite this, other institutional investors increased their positions, and 95.04% of the stock is owned by hedge funds and institutional investors. Analysts maintain a "Moderate Buy" rating with a consensus target price of $689.81 for the construction materials company.