True Private Wealth Advisors adds Martin Marietta Materials (MLM) to its portfolio

Martin Marietta Materials (MLM) : True Private Wealth Advisors added new position in Martin Marietta Materials during the most recent quarter end. The investment management firm now holds 1,195 shares of Martin Marietta Materials which is valued at $239,167 , the company said in a statement filed on Aug 1, 2016 with the SEC.Martin Marietta Materials makes up approximately 0.08% of True Private Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in MLM by selling 4,050 shares or 40.94% in the most recent quarter. The Hedge Fund company now holds 5,842 shares of MLM which is valued at $1,169,218. Martin Marietta Materials makes up approx 0.01% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Retirement Systems Of Alabama reduced its stake in MLM by selling 412 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 32,387 shares of MLM which is valued at $6,526,628. Martin Marietta Materials makes up approx 0.04% of Retirement Systems Of Alabama’s portfolio.Chevy Chase Trust Holdings reduced its stake in MLM by selling 113 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 57,996 shares of MLM which is valued at $11,407,813. Martin Marietta Materials makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in MLM in the latest quarter, The investment management firm added 4,925 additional shares and now holds a total of 14,647 shares of Martin Marietta Materials which is valued at $2,881,065. Martin Marietta Materials makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Martin Marietta Materials closed down -1.67 points or -0.83% at $198.47 with 3,71,350 shares getting traded on Thursday. Post opening the session at $199.8, the shares hit an intraday low of $197.22 and an intraday high of $199.8 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.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 Company’s Aggregates Business is engaged in mining processing and selling granite limestone sand gravel and other aggregate products. The Company’s Cement Business is engaged in producing Portland and specialty cements such as masonry and oil well cements. The Company’s Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.

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