Martin Marietta Has a Solid Foundation for Profit Growth
The market underestimates our top pick for U.S. infrastructure.
Martin Marietta Materials (MLM) shares have significantly underperformed the market and peers in 2017, but financial results probably have little to do with this--in fact, profits have continued to improve amid strengthening construction markets.
Instead, we think the fading optimism regarding President Donald Trump’s oft-promised $1 trillion infrastructure plan, which was pushed into the political background by healthcare and tax legislation, is largely to blame.
Kristoffer Inton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.