Jim Cramer Discusses Martin Marietta Stock Rally Since April Lows

Martin Marietta Materials, Inc. (NYSE:MLM) is one of the stocks that Jim Cramer recently shed light on. Cramer mentioned the stock during the episode, as he stated:

“Okay, what’s going on with the stock of Martin Marietta Materials… Over the past few years, this company’s been a big beneficiary of federal infrastructure spending, and there’s still a lot of money left in Biden’s old infrastructure package. I had no idea until I read its deck. They had a big analyst meeting today. The last quarter was solid, too, and the stock’s up a quick 38% from April lows.”

Martin Marietta Materials, Inc. (NYSE:MLM) supplies aggregates, cement, concrete, asphalt, and related products for construction, infrastructure, and industrial applications. In addition, the company produces magnesia-based chemicals and dolomitic lime used in steelmaking, environmental solutions, and other industries. Cramer mentioned the stock in an August 2024 episode. He commented:

“The more tangible plays are going to be Martin Marietta Materials, which represent the basics of building out new housing developments. But those really start winning later on, once the homebuilders fully embrace new construction.”

Since the comment, Martin Marietta Materials, Inc. (NYSE:MLM) stock has gained around 16%.

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Disclosure: None. This article is originally published at Insider Monkey.