Martin Marietta Materials (MLM) : Franklin Street Advisors Inc Nc reduced its stake in Martin Marietta Materials by 13.5% during the most recent quarter end. The investment management company now holds a total of 51,190 shares of Martin Marietta Materials which is valued at $10,077,775 after selling 7,990 shares in Martin Marietta Materials , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.Martin Marietta Materials makes up approximately 1.86% of Franklin Street Advisors Inc Nc’s portfolio.
Other Hedge Funds, Including , Gulf International Bank (uk) Ltd boosted its stake in MLM in the latest quarter, The investment management firm added 3,400 additional shares and now holds a total of 19,375 shares of Martin Marietta Materials which is valued at $3,814,356. Martin Marietta Materials makes up approx 0.06% of Gulf International Bank (uk) Ltd’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in MLM in the latest quarter, The investment management firm added 781 additional shares and now holds a total of 16,444 shares of Martin Marietta Materials which is valued at $3,234,535. Martin Marietta Materials makes up approx 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.British Columbia Investment Management Corp reduced its stake in MLM by selling 2,157 shares or 5.23% in the most recent quarter. The Hedge Fund company now holds 39,105 shares of MLM which is valued at $7,691,954. Martin Marietta Materials makes up approx 0.07% of British Columbia Investment Management Corp’s portfolio.Curian Capital reduced its stake in MLM by selling 6,670 shares or 68.38% in the most recent quarter. The Hedge Fund company now holds 3,085 shares of MLM which is valued at $606,820. Martin Marietta Materials makes up approx 0.04% of Curian Capital’s portfolio.
Martin Marietta Materials closed down -1.06 points or -0.54% at $196.87 with 6,03,312 shares getting traded on Wednesday. Post opening the session at $198.98, the shares hit an intraday low of $195.94 and an intraday high of $198.98 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.