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Is Martin Marietta Materials (MLM) a good stock to buy?

TimesSquare Capital Management, an equity investment management firm, released its third quarter letter to investors titled “US Mid Cap Growth Strategy”. A copy of it can be downloaded here. In the third quarter, the strategy returned -0.21% (net), compared to -0.65% for the Russell Midcap Growth Index. Strength in the consumer discretionary, energy, financials, industrials, information technology and materials sectors contributed to the strategy’s performance during the quarter. Additionally, please see the fund’s top five holdings for its top picks in 2022.

TimesSquare Capital highlighted stocks like Martin Marietta Materials, Inc. (NYSE:MLM) in the Third Quarter 2022 Letter to Investors. Raleigh, North Carolina-based Martin Marietta Materials, Inc. (NYSE:MLM) is a building materials company. On December 23, 2022, Martin Marietta Materials, Inc. (NYSE:MLM) stock closed at $338.59 per share. The one-month return of Martin Marietta Materials, Inc. (NYSE: MLM) was -7.89% and its shares have lost 22.53% of their value over the past 52 weeks. Martin Marietta Materials, Inc. (NYSE: MLM) has a market capitalization of $21.023 billion.

TimesSquare Capital made the following comment about Martin Marietta Materials, Inc. (NYSE:MLM) in its Q3 2022 Letter to Investors:

“Within the Materials sector, Martin Marietta Materials, Inc. (NYSE: MLM) supplies aggregates to the construction industry. Strong results pushed the stock up 8%, with very good overall order growth and higher cement prices. Although the demand environment is solid, it looks like energy inflation will impact operating margins through the end of the year.”


Martin Marietta Materials, Inc. (NYSE: MLM) is not on our list of 30 most popular stocks among hedge funds. According to our database, 42 hedge fund portfolios held Martin Marietta Materials, Inc. (NYSE:MLM) at the end of the third quarter, up from 39 in the previous quarter.

We discussed Martin Marietta Materials, Inc. (NYSE:MLM) in another article and shared the best building stocks to buy. Additionally, please see our Letters to Hedge Fund Investors Q3 2022 page for more letters from hedge fund investors and other leading investors.

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Disclosure: none. This article originally appeared on Insider Monkey.

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