On March 22, 2013, Guru
, Chairman of Southeastern Asset Management, again reduced his
basic materials shares of Martin Marietta Materials, Inc.
by 48.14%, with his current shares now 2,262,363, down from
4,362,121 shares. The current price of MLM is $102, with a change
from average down 1%.
Martin Marietta Materials, Inc. is a producer of aggregates for
the construction industry. The company also has a Specialty
Products segment that manufactures and markets magnesia-based
chemical products used in the steel industry. Martin Marietta
Materials has a market cap of $4.63 billion. The P/E is 55.2, and
the P/S is 2.301.
' holding history of MLM looks like this:
Martin Marietta Materials has attempted to take over its
competitor, Vulcan Materials Company
since December 2011. The Vulcan position is that offers from
Martin Marietta Materials, first $36.69 per share, then $42 per
share, undervalued the company.
As for recent activity, Martin Marietta Material's fourth quarter
2012 data shows a demand for building materials used in
construction and confirms resurgence in the housing market.
According to Bloomberg, MML's fourth quarter shows revenue growth
of 20% percent to $504.1 million. The company's aggregates sales
increased 26% to $407.3 million, offsetting the 2% decrease in
specialty materials sales, at $50.6 million.
See a recent GuruFocus checkup on Martin Marietta Materials.
See a recent GuruFocus checkup on Vulcan Materials Company.
Finally, here is a summary of activity at Guru Mason Hawkins'
Southeastern Asset Management:
GuruFocus "Real Time Picks" reports the stock purchases and sales
that Gurus have made within the prior 2 weeks. The report time
lag can be as short as 2 days after the date of the transaction.
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