Martin Marietta Materials (MLM) : Ruggie Capital Group added new position in Martin Marietta Materials during the most recent quarter end. The investment management firm now holds 173 shares of Martin Marietta Materials which is valued at $33,988 , the company said in a statement filed on Aug 10, 2016 with the SEC.Martin Marietta Materials makes up approximately 0.03% of Ruggie Capital Group’s portfolio.
Other Hedge Funds, Including , Monroe Bank Trustmi sold out all of its stake in MLM during the most recent quarter. The investment firm sold 23 shares of MLM which is valued $4,519.Tci Wealth Advisors reduced its stake in MLM by selling 17 shares or 26.56% in the most recent quarter. The Hedge Fund company now holds 47 shares of MLM which is valued at $9,331. Martin Marietta Materials makes up approx 0.01% of Tci Wealth Advisors’s portfolio.Cg Asset Management boosted its stake in MLM in the latest quarter, The investment management firm added 4,960 additional shares and now holds a total of 11,510 shares of Martin Marietta Materials which is valued at $2,319,495. Martin Marietta Materials makes up approx 0.89% of Cg Asset Management’s portfolio.Jag Capital Management reduced its stake in MLM by selling 2,210 shares or 3.56% in the most recent quarter. The Hedge Fund company now holds 59,879 shares of MLM which is valued at $11,871,012. Martin Marietta Materials makes up approx 2.28% of Jag Capital Management’s portfolio.
Martin Marietta Materials closed down -2.03 points or -1.04% at $192.25 with 6,37,963 shares getting traded on Friday. Post opening the session at $193.61, the shares hit an intraday low of $191.03 and an intraday high of $194.52 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 $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.
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.