Martin Marietta Materials (MLM) Surged Following an Asset Swap Deal

TimesSquare Capital Management, an equity investment management company, released its “U.S. Focus Growth Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter, all the major asset classes posted positive returns except fixed income assets outside the US. The strategy returned 4.00% (gross) and 3.78% (net) compared to a 2.78% return for the Russell Midcap Growth Index. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, TimesSquare Capital U.S. Focus Growth Strategy highlighted stocks such as Martin Marietta Materials, Inc. (NYSE:MLM). Martin Marietta Materials, Inc. (NYSE:MLM) is a building materials company that supplies aggregates and heavy-side building materials to the construction industry. The one-month return of Martin Marietta Materials, Inc. (NYSE:MLM) was 6.49%, and its shares gained 14.79% of their value over the last 52 weeks. On December 12, 2025, Martin Marietta Materials, Inc. (NYSE:MLM) stock closed at $628.25 per share, with a market capitalization of $37.888 billion.

TimesSquare Capital U.S. Focus Growth Strategy stated the following regarding Martin Marietta Materials, Inc. (NYSE:MLM) in its third quarter 2025 investor letter:

“Within Materials, we seek well positioned companies that are less susceptible to swings in commodity prices. Martin Marietta Materials, Inc. (NYSE:MLM) supplies aggregates to the building industry. Management announced an asset swap in which a private company called Quikrete will receive cement and ready-mix assets. As part of this exchange, Martin Marietta will obtain aggregates operations across Virginia, Missouri, Kansas, and Vancouver. This deal was well received by the market with its shares rising 15% over the quarter.”

Jim Cramer on Martin Marietta Materials (MLM): “Road Building Is Booming — This Is the One You Want!”

Martin Marietta Materials, Inc. (NYSE:MLM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 64 hedge fund portfolios held Martin Marietta Materials, Inc. (NYSE:MLM) at the end of the third quarter, the same as in the previous quarter. While we acknowledge the risk and potential of Martin Marietta Materials, Inc. (NYSE:MLM) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Martin Marietta Materials, Inc. (NYSE:MLM) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Martin Marietta Materials, Inc. (NYSE:MLM) and shared Diamond Hill Large Cap Fund’s views on the company. 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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Disclosure: None. This article is originally published at Insider Monkey.