MLM

Martin Marietta Materials Inc

Industrial/Transportation


Presented:03/01/2013
Price:$97.13
Cap:$4.46B
Current Price:$561.89
Cap:$34.34B

Presented

Date03/01/2013
Price$97.13
Market Cap$4.46B
Ent Value$5.52B
P/E Ratio51.86x
Book Value$64.66
Div Yield1.1%
Shares O/S45.88M
Ave Daily Vol360,000
Short Int12.82%

Current

Price$561.89
Market Cap$34.34B
Martin Marietta Materials, Inc., together with its subsidiaries, supplies aggregates products and heavy building materials for the construction industry in the United States and internationally. It operates through Mid-America Group, Southeast Group, West Group, Cement, and Magnesia Specialties segments. The company mines, processes, and sells granite, limestone, sand, gravel, and other aggregate products for use in the public infrastructure, and nonresidential and residential construction industries, as well as in the agriculture, railroad ballast, chemical, and other applications. It also offers asphalt products, ready mixed concrete, and road paving construction services; and produces Portland and specialty cements, such as masonry and oil well cements for use in infrastructure projects, and nonresidential and residential construction, as well as in the railroad, agricultural, utility, and environmental industries. In addition, the company manufactures and markets magnesia-based chemical products for the industrial, agricultural, and environmental applications; and dolomitic lime primarily for use in the steel industry. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other environmental applications. Martin Marietta Materials, Inc. was founded in 1993 and is headquartered in Raleigh, North Carolina.

Highlights

The presenter is long shares of MLM and likes the company’s positioning ahead of what he expects to be a solid year for pricing in the aggregates industry. Overall volume of crushed stone and gravel are off approximately 50%-60% from the peak of a few years ago, but MLM has cut costs and pricing has increased every year since the housing crisis. Many in the industry expect pricing could be better than forecasts suggest this cycle.

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Idea Discussion

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