Valued at a market cap of $32.9 billion, Martin Marietta Materials, Inc. (MLM) is a natural resource-based building materials company. Headquartered in Raleigh, North Carolina, the company supplies aggregates and heavy-side building materials to the construction industry internationally. 

Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Martin Marietta Materials fits this criterion perfectly. The company produces construction aggregates like crushed stone, sand, and gravel, which are essential for infrastructure projects, commercial construction, and residential developments. It also manufactures cement, ready-mixed concrete, and asphalt. 

Martin Marietta Materials stock has declined 13.8% from its 52-week high of $633.23. MLM's stock has gained 17.5% over the past three months, slightly surpassing the Invesco Building & Construction ETF’s (PKB) 16.8% increase.

Longer term, shares of MLM soared 5.7% on a YTD basis, outperforming PKB’s 3.3% rise over the same time frame. However, MLM stock has declined marginally over the past 52 weeks, notably underperforming PKB’s 14.5% surge. 

The stock has climbed above its 50-day moving average since late April. Also, it has been trading above its 200-day moving average since May. 

Despite reporting mixed Q1 2025 results on Apr. 30, shares of MLM observed a 3.8% uptick. Quarterly revenue increased 8.2% year-over-year to $1.4 billion, although it came in below Street expectations. EPS declined sharply by 88.7% from the prior-year quarter to $1.90 and missed the consensus estimate of $1.94. However, the company delivered strong operational performance, setting first-quarter records in consolidated gross profit, gross margin, adjusted EBITDA, and adjusted EBITDA margin. Notably, aggregates’ gross profit per ton rose 24% year-over-year, driven by continued pricing momentum and effective cost management, which likely contributed to the stock's positive movement.

Compared to its peer, Vulcan Materials Company (VMC) has lagged behind MLM stock on a YTD basis, gaining 1.5%. Although shares of VMC stock have climbed 6.7% over the past 52 weeks, outpacing the MLM stock.

In spite of MLM’s underperformance relative to its industry peers over the past year, analysts are strongly optimistic about its prospects. The stock has a consensus rating of “Strong Buy” from the 18 analysts covering the stock. As of writing, the stock is trading below the mean price target of $606.87.