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Pelham Capital Ltd. Has $18.94 Million Stake in Martin Marietta Materials, Inc. $MLM
Pelham Capital Ltd. significantly increased its stake in Martin Marietta Materials (NYSE: MLM) by 57.1% to 30,052 shares, now valued at $18.94 million and representing 9.4% of its portfolio. This increased investment comes despite Martin Marietta missing Q4 earnings and revenue estimates and issuing a cautious 2026 sales outlook, which has led to mixed analyst reactions and some downgrades. The company’s stock, trading near $679 with a $41 billion market cap, is still viewed by some analysts with continued conviction, supported by its strategic SOAR 2030 plan.