Martin Marietta Materials Inc
MLM: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$923.00 | Yfbrcw | Nqjrlrkys |
Strong Pricing Power and Ample Volume Growth Have Mitigated Rising Costs for Martin Marietta
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.