Top 5 Building Materials Companies in USA

2. Martin Marietta Materials, Inc. (NYSE: MLM)

Market Capitalization: $21,930,000,000
Number of Hedge Fund Holders: 41

Martin Marietta Materials, Inc. supplies aggregates and heavy building materials for professional construction workers. Specifically, the company provides the materials used in the building of roads, sidewalks, and foundations of buildings. Its presence is in 26 states as well as the Caribbean and Canada. Additionally, its Magnesia Specialties business offers a wide variety of products made of magnesium hydroxide, dolomitic lime, and magnesium oxide. Martin Marietta Materials, Inc. is 2nd on the list of top building material companies in USA.

First Eagle Investment Management, in its Q1 2021 investor letter, highlighted a few stocks and Martin Marietta Materials Inc (NYSE:MLM) is one of them. Here is what First Eagle said:

“Though Martin Marietta stock declined in the quarter due to concerns about the near-term effect of the coronavirus pandemic on construction and demand for aggregates and cement, we believe the impact will likely be temporal and not as bad as the market fears. Notably, the consolidation of the aggregates market has led to rational pricing in most of the regions in which Martin Marietta operates.”