2024-02-13 16:53:54 ET
Summary
- Martin Marietta Materials, Inc. announced a bolt-on deal with Blue Water to expand its aggregates business, driving shares to all-time highs.
- Martin Marietta Materials has a strong track record and enjoys strong pricing power, but high valuations create a cautious investment environment.
- Investors are performing a balancing act here, yet seem to extrapolate and extend current margins into the future, creating a non-compelling risk-reward proposition for Martin Marietta Materials, Inc. shares.
Shares of Martin Marietta Materials, Inc. ( MLM ) have risen to fresh all-time highs after the company announced a nice bolt-on deal with Blue Water Industries LLC to expand its aggregates business, likely at relatively compelling multiples....
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Martin Marietta Materials: Adding More Aggregates, But Issues Linger