Martin Marietta Materials (MLM) : Davidson Investment Advisors scooped up 1,705 additional shares in Martin Marietta Materials during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 43,983 shares of Martin Marietta Materials which is valued at $8,640,900.Martin Marietta Materials makes up approximately 1.36% of Davidson Investment Advisors’s portfolio.
Other Hedge Funds, Including , Park Avenue Institutional Advisers reduced its stake in MLM by selling 10 shares or 2.4% in the most recent quarter. The Hedge Fund company now holds 407 shares of MLM which is valued at $79,959. Martin Marietta Materials makes up approx 0.07% of Park Avenue Institutional Advisers’s portfolio.Cable Hill Partners boosted its stake in MLM in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 136 shares of Martin Marietta Materials which is valued at $26,719. Martin Marietta Materials makes up approx 0.02% of Cable Hill Partners’s portfolio. Sg Americas Securities added MLM to its portfolio by purchasing 8,478 company shares during the most recent quarter which is valued at $1,696,787. Martin Marietta Materials makes up approx 0.01% of Sg Americas Securities’s portfolio.Sumitomo Mitsui Asset Management Company Ltd reduced its stake in MLM by selling 7,787 shares or 10.59% in the most recent quarter. The Hedge Fund company now holds 65,733 shares of MLM which is valued at $13,320,792. Martin Marietta Materials makes up approx 0.39% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Eagle Asset Management Inc reduced its stake in MLM by selling 179,081 shares or 20.43% in the most recent quarter. The Hedge Fund company now holds 697,527 shares of MLM which is valued at $138,354,480. Martin Marietta Materials makes up approx 0.92% of Eagle Asset Management Inc’s portfolio.
Martin Marietta Materials opened for trading at $182.62 and hit $184.42 on the upside on Thursday, eventually ending the session at $183.53, with a gain of 0.27% or 0.5 points. The heightened volatility saw the trading volume jump to 6,31,403 shares. Company has a market cap of $11,643 M.
On the company’s financial health, Martin Marietta Materials reported $1.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $2.00. The company had revenue of $915.40 million for the quarter, compared to analysts expectations of $997.65 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS.
Many Wall Street Analysts have commented on Martin Marietta Materials. Company shares were Reiterated by DA Davidson on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 210 from a previous price target of $190 .Alembic Global Advisors Initiated Martin Marietta Materials on Jun 9, 2016 to “Overweight”, Price Target of the shares are set at $220.
Martin Marietta Materials Inc. is a supplier of aggregates products (crushed stone sand and gravel) and heavy building materials (cement) for the construction industry including infrastructure non-residential residential railroad ballast agricultural and chemical grade stone used in environmental applications. The Company operates through three businesses: Aggregates Business Cement Business and Magnesia Specialties Business. The Companys Aggregates Business is engaged in mining processing and selling granite limestone sand gravel and other aggregate products. The Companys Cement Business is engaged in producing Portland and specialty cements such as masonry and oil well cements. The Companys Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.