Martin Marietta Materials (MLM) : Findlay Park Partners Llp reduced its stake in Martin Marietta Materials by 28.1% during the most recent quarter end. The investment management company now holds a total of 1,123,450 shares of Martin Marietta Materials which is valued at $220,712,987 after selling 438,978 shares in Martin Marietta Materials , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Martin Marietta Materials makes up approximately 2.43% of Findlay Park Partners Llp’s portfolio.
Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in MLM by selling 1,671 shares or 7.5% in the most recent quarter. The Hedge Fund company now holds 20,611 shares of MLM which is valued at $4,049,237. Martin Marietta Materials makes up approx 0.05% of Texas Permanent School Fund’s portfolio.Dimensional Fund Advisors Lp boosted its stake in MLM in the latest quarter, The investment management firm added 18,296 additional shares and now holds a total of 397,885 shares of Martin Marietta Materials which is valued at $79,748,091. Martin Marietta Materials makes up approx 0.04% of Dimensional Fund Advisors Lp’s portfolio. Tributary Capital Management added MLM to its portfolio by purchasing 6,300 company shares during the most recent quarter which is valued at $1,250,802. Martin Marietta Materials makes up approx 0.17% of Tributary Capital Management’s portfolio.Oppenheimer Co Inc reduced its stake in MLM by selling 939 shares or 6.48% in the most recent quarter. The Hedge Fund company now holds 13,552 shares of MLM which is valued at $2,690,614. Martin Marietta Materials makes up approx 0.08% of Oppenheimer Co Inc’s portfolio.California State Teachers Retirement System reduced its stake in MLM by selling 11,986 shares or 8.16% in the most recent quarter. The Hedge Fund company now holds 134,853 shares of MLM which is valued at $26,989,479. Martin Marietta Materials makes up approx 0.06% of California State Teachers Retirement System’s portfolio.
Martin Marietta Materials closed down -2.03 points or -1.04% at $192.25 with 6,37,963 shares getting traded on Friday. Post opening the session at $193.61, the shares hit an intraday low of $191.03 and an intraday high of $194.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.