Franklin Street Advisors Inc Nc buys $9,801,983 stake in Martin Marietta Materials (MLM)

Martin Marietta Materials (MLM) : Franklin Street Advisors Inc Nc scooped up 3,562 additional shares in Martin Marietta Materials during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 59,180 shares of Martin Marietta Materials which is valued at $9,801,983.Martin Marietta Materials makes up approximately 1.91% of Franklin Street Advisors Inc Nc’s portfolio.

Martin Marietta Materials opened for trading at $165 and hit $165.77 on the upside on Friday, eventually ending the session at $165.63, with a gain of 0.17% or 0.28 points. The heightened volatility saw the trading volume jump to 4,61,246 shares. Company has a market cap of $10,655 M.

Other Hedge Funds, Including , Monroe Bank Trustmi added MLM to its portfolio by purchasing 23 company shares during the most recent quarter which is valued at $3,809.Exxonmobil Investment Management Inc Tx boosted its stake in MLM in the latest quarter, The investment management firm added 838 additional shares and now holds a total of 15,663 shares of Martin Marietta Materials which is valued at $2,594,263. Martin Marietta Materials makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in MLM in the latest quarter, The investment management firm added 1,219 additional shares and now holds a total of 10,037 shares of Martin Marietta Materials which is valued at $1,662,428. Martin Marietta Materials makes up approx 0.04% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.British Columbia Investment Management Corp boosted its stake in MLM in the latest quarter, The investment management firm added 8,321 additional shares and now holds a total of 41,262 shares of Martin Marietta Materials which is valued at $6,771,094. Martin Marietta Materials makes up approx 0.06% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, Martin Marietta Materials reported $1.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on Feb 9, 2016. Analyst had a consensus of $1.37. The company had revenue of $844.60 million for the quarter, compared to analysts expectations of $928.57 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.94 EPS.

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.

Leave a Reply

Martin Marietta Materials - Is it time to Sell?

Top Brokerage Firms are advising their investors on Martin Marietta Materials. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.