Martin Marietta Materials Inc

MLM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$449.00	Btfmxs	Glrgmldjk

Strong Pricing Power and Ample Volume Growth Have Mitigated Rising Costs for Martin Marietta

Spencer Liberman

Jul 26, 2022

After taking a fresh look at our thesis for Martin Marietta, we have lowered our fair value estimate 9% to $286 per share due to our moderated near-term forecast amid heightened economic uncertainty. We are maintaining our narrow economic moat and stable trend ratings as we believe the company benefits from strong intangible assets and a cost advantage driven by its quarry permits and high transportation costs.

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