Weitz Large Cap Equity Fund on Martin Marietta Materials, Inc.
Thesis
The fund repurchased Martin Marietta Materials opportunistically at what it considered a favorable price. The company is a leading aggregates producer with high-quality assets. Its solid capital-allocation track record also fits the managers' longstanding investment theme around aggregates and construction materials.
“Martin Marietta is a leading aggregates producer with terrific assets and a solid capital allocation track record.”