Top 5 Stock Picks of Peter Avellone’s Cartenna Capital

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

Avellone’s Stake Value: $14,291,000
Percentage of Peter Avellone’s 13F Portfolio: 4.08%
Number of Hedge Fund Holders: 34

Martin Marietta Materials, Inc. (NYSE: MLM) is a natural resource-based building materials firm that sells aggregates and heavy construction materials. The company was incorporated in 1939 and is placed fourth on the list of top 10 stock picks of Peter Avellone’s Cartenna Capital. Martin Marietta Materials, Inc. (NYSE: MLM) shares have returned 79.32% to investors over the course of the past 12 months. 

On August 31, Martin Marietta Materials, Inc. (NYSE: MLM) agreed to buy Ferrovial, S.A.’s (OTC: FRRVF) Southern Crushed Concrete operation in the United States for $140 million. On August 2, DA Davidson analyst Brent Thielman raised the price target on Martin Marietta Materials, Inc. (NYSE: MLM) to $400 from $350 but maintained a “Neutral” rating on the shares. 

Martin Marietta Materials, Inc. (NYSE: MLM) is a new arrival on Peter Avellone’s portfolio, as his hedge fund owns about 40,620 shares of the company, worth $14.29 million. Robert Joseph Caruso’s Select Equity Group is Martin Marietta Materials, Inc.’s (NYSE: MLM) most significant stakeholder, with 3.09 million shares worth $1.09 billion.