Martin Marietta Materials (MLM) Rose Due to Continued Pricing Strength In Aggregates

Aristotle Capital Management, LLC, an investment management company, released its “Value Equity Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The US equity market continued its rally in the third quarter, with the S&P 500 Index rising 8.12% during the quarter. Bonds also finished higher in the quarter, with the Bloomberg U.S. Aggregate Bond Index increasing 2.03%. The composite returned 4.33% gross of fees (3.82% net of fees) in the third quarter, compared to a 5.33% return of the Russell 1000 Value Index and an 8.12% return of the S&P 500 Index. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its third-quarter 2025 investor letter, Aristotle Capital Value Equity Strategy highlighted stocks such as Martin Marietta Materials, Inc. (NYSE:MLM). Martin Marietta Materials, Inc. (NYSE:MLM) is a company that manufactures natural resource-based building materials. The one-month return of Martin Marietta Materials, Inc. (NYSE:MLM) was 3.02%, and its shares gained 11.46% of their value over the last 52 weeks. On October 15, 2025, Martin Marietta Materials, Inc. (NYSE:MLM) stock closed at $639.16 per share, with a market capitalization of $38.55 billion.

Aristotle Capital Value Equity Strategy stated the following regarding Martin Marietta Materials, Inc. (NYSE:MLM) in its third quarter 2025 investor letter:

“Aggregates producer Martin Marietta Materials, Inc. (NYSE:MLM) was a top contributor for the period. Strong results were driven by continued pricing strength in aggregates—reflected in a 7.4% year-over-year increase in average selling price—and management’s decision to raise full-year guidance. The company continued its transition toward a higher-margin, aggregate-led model, exemplified by its decision to exit Texas cement operations through a recent asset exchange with Quikrete Holdings. With operations concentrated in structurally advantaged markets such as Texas and the Carolinas—regions benefiting from population growth, data center expansion, energy projects and semiconductor investment—Martin Marietta remains well positioned for long-term demand. As the largest shipper of crushed stone by rail, the company has a scale-driven cost and distribution advantage that is difficult to replicate. In our view, consistent price increases, conservative capital allocation and focus on critical infrastructure end markets make Martin Marietta a resilient, long-duration holding.”

In another article, we covered Martin Marietta Materials, Inc. (NYSE:MLM) and shared stocks to watch as top analyst predicts AI surge will continue despite bubble worries. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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