Published on 14 Apr 2024 on Insider Monkey via Yahoo Finance

Martin Marietta Materials (MLM) Posted Record Revenue and Profitability

Aristotle Capital Management, LLC, an investment management company, released its “Value Equity Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. The composite returned 7.63% gross of fees (7.56% net of fees) in the first quarter trailing the 8.99% return of the Russell 1000 Value Index and the 10.56% return of the S&P 500 Index. Security selection and allocation effects led the composite to underperform in the quarter relative to the Russell 1000 Value Index. In addition, please check the fund’s top five holdings to know its best picks in 2024.

Aristotle Capital’s Value Equity 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 April 12, 2024, Martin Marietta Materials, Inc. (NYSE:MLM) stock closed at $602.11 per share. One-month return of Martin Marietta Materials, Inc. (NYSE:MLM) was 0.98%, and its shares gained 72.43% of their value over the last 52 weeks. Martin Marietta Materials, Inc. (NYSE:MLM) has a market capitalization of $37.224 billion.