A Prime Opportunity to Invest in U.S. Infrastructure
Despite near-term challenges, we think the outlook remains strong for undervalued, narrow-moat aggregates producer Martin Marietta.
Kristoffer Inton: From 2015 to 2016, aggregates producer Martin Marietta was one of the best performing U.S. stocks, more than doubling, while the S&P 500 gained just 12%. This year, Martin Marietta has severely lagged the market, losing roughly 5% while the market's gained nearly 15%.
Amid waning optimism for the Trump administration's infrastructure plan, investors seem to have lost faith in the U.S. aggregates story. However, despite near-term challenges, we think the outlook remains strong.
Kristoffer Inton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.