On March 22, 2013, Guru Mason Hawkins, Chairman of Southeastern Asset Management, again reduced his basic materials shares of Martin Marietta Materials, Inc. (MLM, Financial) by 48.14%, with his current shares now 2,262,363, down from 4,362,121 shares. The current price of MLM is $102, with a change from average down 1%.
Martin Marietta Materials, Inc. is a producer of aggregates for the construction industry. The company also has a Specialty Products segment that manufactures and markets magnesia-based chemical products used in the steel industry. Martin Marietta Materials has a market cap of $4.63 billion. The P/E is 55.2, and the P/S is 2.301.
Mason Hawkins’ holding history of MLM looks like this:
Martin Marietta Materials has attempted to take over its competitor, Vulcan Materials Company (VMC, Financial) since December 2011. The Vulcan position is that offers from Martin Marietta Materials, first $36.69 per share, then $42 per share, undervalued the company.
As for recent activity, Martin Marietta Material’s fourth quarter 2012 data shows a demand for building materials used in construction and confirms resurgence in the housing market. According to Bloomberg, MML’s fourth quarter shows revenue growth of 20% percent to $504.1 million. The company’s aggregates sales increased 26% to $407.3 million, offsetting the 2% decrease in specialty materials sales, at $50.6 million.
See a recent GuruFocus checkup on Martin Marietta Materials.
See a recent GuruFocus checkup on Vulcan Materials Company.
Finally, here is a summary of activity at Guru Mason Hawkins’ Southeastern Asset Management:
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial.
Martin Marietta Materials, Inc. is a producer of aggregates for the construction industry. The company also has a Specialty Products segment that manufactures and markets magnesia-based chemical products used in the steel industry. Martin Marietta Materials has a market cap of $4.63 billion. The P/E is 55.2, and the P/S is 2.301.
Mason Hawkins’ holding history of MLM looks like this:
Martin Marietta Materials has attempted to take over its competitor, Vulcan Materials Company (VMC, Financial) since December 2011. The Vulcan position is that offers from Martin Marietta Materials, first $36.69 per share, then $42 per share, undervalued the company.
As for recent activity, Martin Marietta Material’s fourth quarter 2012 data shows a demand for building materials used in construction and confirms resurgence in the housing market. According to Bloomberg, MML’s fourth quarter shows revenue growth of 20% percent to $504.1 million. The company’s aggregates sales increased 26% to $407.3 million, offsetting the 2% decrease in specialty materials sales, at $50.6 million.
See a recent GuruFocus checkup on Martin Marietta Materials.
See a recent GuruFocus checkup on Vulcan Materials Company.
Finally, here is a summary of activity at Guru Mason Hawkins’ Southeastern Asset Management:
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial.
