Should You Consider Investing in Martin Marietta Materials (MLM)?

Weitz Investment Management, an investment management firm, published its “Partners Value Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of +0.03% was recorded by the fund for the third quarter of 2021, compared to +0.58% for the S&P 500 and -0.10% for the Russell 3000 respectively for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Weitz Investment Management Partners Value Fund in its Q4 2021 investor letter, mentioned Martin Marietta Materials, Inc. (NYSE: MLM) and discussed its stance on the firm. Martin Marietta Materials, Inc. is a Raleigh, North Carolina-based building material company with a $23.2 billion market capitalization. MLM delivered a -15.54% return since the beginning of the year, while its 12-month returns are up by 25.02%. The stock closed at $372.05 per share on February 4, 2022.

Here is what Weitz Investment Management Partners Value Fund has to say about Martin Marietta Materials, Inc. in its Q4 2021 investor letter:

“Martin Marietta Materials is one of the Fund’s largest quarterly contributors due to solid results and bright outlooks for their prosaic, essential products. Aggregate volumes and backlogs are strong across end markets, pricing momentum is robust, and the federal infrastructure bill adds visibility into the amount of money that will be allocated to infrastructure projects.”

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Our calculations show that Martin Marietta Materials, Inc. (NYSE: MLM) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. MLM was in 42 hedge fund portfolios at the end of the third quarter of 2021, compared to 34 funds in the previous quarter. Martin Marietta Materials, Inc. (NYSE: MLM) delivered a -9.77% return in the past 3 months.

In November 2021, we published an article that includes MLM in the 10 Best Material Stocks To Buy Now. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.