Martin Marietta Materials (MLM) : Princeton Capital Management Inc reduced its stake in Martin Marietta Materials by 2.23% during the most recent quarter end. The investment management company now holds a total of 28,236 shares of Martin Marietta Materials which is valued at $5,690,119 after selling 645 shares in Martin Marietta Materials , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Martin Marietta Materials makes up approximately 3.70% of Princeton Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Shell Asset Management Co boosted its stake in MLM in the latest quarter, The investment management firm added 2,585 additional shares and now holds a total of 5,239 shares of Martin Marietta Materials which is valued at $1,055,763. Martin Marietta Materials makes up approx 0.02% of Shell Asset Management Co’s portfolio. Meeder Asset Management Inc added MLM to its portfolio by purchasing 3,041 company shares during the most recent quarter which is valued at $602,878. Martin Marietta Materials makes up approx 0.05% of Meeder Asset Management Inc’s portfolio. First Quadrant L Pca added MLM to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $79,340.Nn Investment Partners Holdings N.v. boosted its stake in MLM in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 398 shares of Martin Marietta Materials which is valued at $78,354.Creative Planning boosted its stake in MLM in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 1,730 shares of Martin Marietta Materials which is valued at $340,585.
Martin Marietta Materials closed down -3.05 points or -1.48% at $202.65 with 8,20,921 shares getting traded on Friday. Post opening the session at $205.36, the shares hit an intraday low of $202.15 and an intraday high of $206.24 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 $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.40. The company had revenue of $734.00 million for the quarter, compared to analysts expectations of $719.40 million. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
Many Wall Street Analysts have commented on Martin Marietta Materials. Alembic Global Advisors Initiated Martin Marietta Materials on Jun 9, 2016 to “Overweight”, Price Target of the shares are set at $220.Company shares were Reiterated by Stifel on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 193 from a previous price target of $181 .
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.