2024-03-15 10:52:57 ET
Summary
- Martin Marietta Materials Inc. is currently slightly below its all-time high, despite recent share price declines.
- The company reported solid Q4 earnings results, with revenue growth and earnings-per-share beating estimates.
- Martin Marietta has potential catalysts for future growth, including acquisitions, lower interest rates, and increased infrastructure spending.
- However, the market has anticipated these positives and has bid the stock higher.
- Shares now appear to be fully valued.
Shares of Martin Marietta Materials Inc. ( MLM ) sit just 1.7% below its all-time high established on March 7 th , 2024.
Martin Marietta has been a top performer recently, with the stock up more than 21% year-to-date and higher by almost 80% over the last twelve months....
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Martin Marietta: An Impressive Investment Case, But Shares Appear Fully Valued