Baillie Gifford Reduces $42M in Martin Marietta Materials, Inc. ($MLM)
Key Points
- Baillie Gifford changed its Martin Marietta Materials, Inc. ($MLM) stake by 6.2% last quarter, cutting to 1,087,380 shares worth $627.78 million.
- Wall Street's consensus rating on $MLM is Buy and an average price target of $683.09.
- $MLM last traded around $577.33.
Baillie Gifford trimmed its position in Martin Marietta Materials, Inc. ($MLM) by 6.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,087,380 shares of Martin Marietta Materials, Inc. after selling 71,995 shares during the quarter. Baillie Gifford's holdings in Martin Marietta Materials, Inc. were worth $627.78 million as of its most recent filing.
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About Martin Marietta Materials, Inc.
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It operates through East Group and West Group segments. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; and paving products and services for use in the infrastructure projects, and nonresidential and residential construction projects, as well as in the railroad, agricultural, utility, and environmental industries. It also produces magnesia-based chemicals products, and dolomitic lime primarily to customers for steel production and soil stabilization. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other applications. The company was founded in 1939 and is based in Raleigh, North Carolina.
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