Martin Marietta Materials (MLM) : Lodge Hill Capital scooped up 27,000 additional shares in Martin Marietta Materials during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 212,000 shares of Martin Marietta Materials which is valued at $39.2 Million.Martin Marietta Materials makes up approximately 7.33% of Lodge Hill Capital’s portfolio.
Other Hedge Funds, Including , Peregrine Asset Advisers added MLM to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $369,500. Martin Marietta Materials makes up approx 0.28% of Peregrine Asset Advisers’s portfolio.Oppenheimerfunds reduced its stake in MLM by selling 191 shares or 9.56% in the most recent quarter. The Hedge Fund company now holds 1,806 shares of MLM which is valued at $333,659. Spectrum Advisory Services Inc added MLM to its portfolio by purchasing 1,300 company shares during the most recent quarter which is valued at $240,175. Martin Marietta Materials makes up approx 0.09% of Spectrum Advisory Services Inc’s portfolio.Blackrock Group Ltd boosted its stake in MLM in the latest quarter, The investment management firm added 5,704 additional shares and now holds a total of 444,005 shares of Martin Marietta Materials which is valued at $82 Million. Martin Marietta Materials makes up approx 0.04% of Blackrock Group Ltd’s portfolio.
Martin Marietta Materials opened for trading at $192.01 and hit $193.87 on the upside on Wednesday, eventually ending the session at $193.15, with a gain of 1.33% or 2.53 points. The heightened volatility saw the trading volume jump to 7,12,556 shares. Company has a market cap of $12,270 M.
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. 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.