Published on 3 May 2024 on Insider Monkey via Yahoo Finance

Martin Marietta (MLM) Reached an All-Time High in Q1

The London Company, an investment management company, released “The London Company Large Cap Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During 1Q, U.S. stocks made significant gains due to steady economic growth, decreasing inflation, and a slightly weaker labor market, increasing the likelihood of a soft landing. The fund gained 8.3% (8.2%, net) during the quarter compared to a 10.3% rise in the Russell 1000 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.

The London Company Large Cap Strategy featured stocks like Martin Marietta Materials, Inc. (NYSE:MLM) in the first quarter 2024 investor letter. Headquartered in Raleigh, North Carolina, Martin Marietta Materials, Inc. (NYSE:MLM) is a natural resource-based building materials company. On May 2, 2024, Martin Marietta Materials, Inc. (NYSE:MLM) stock closed at $589.96 per share. One-month return of Martin Marietta Materials, Inc. (NYSE:MLM) was -4.75%, and its shares gained 48.36% of their value over the last 52 weeks. Martin Marietta Materials, Inc. (NYSE:MLM) has a market capitalization of $36.365 billion.