Martin Marietta Materials (MLM) : Wespac Advisors added new position in Martin Marietta Materials during the most recent quarter end. The investment management firm now holds 3,300 shares of Martin Marietta Materials which is valued at $665,016 , the company said in a statement filed on Jul 26, 2016 with the SEC.Martin Marietta Materials makes up approximately 0.67% of Wespac Advisors’s portfolio.
Other Hedge Funds, Including , Candriam Luxembourg S.c.a. added MLM to its portfolio by purchasing 2,386 company shares during the most recent quarter which is valued at $480,827. Martin Marietta Materials makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio. First National Bank Of Omaha added MLM to its portfolio by purchasing 20,164 company shares during the most recent quarter which is valued at $3,999,529. Martin Marietta Materials makes up approx 0.30% of First National Bank Of Omaha’s portfolio.Nikko Asset Management Americas reduced its stake in MLM by selling 8,900 shares or 14.71% in the most recent quarter. The Hedge Fund company now holds 51,611 shares of MLM which is valued at $10,237,042. Martin Marietta Materials makes up approx 0.94% of Nikko Asset Management Americas’s portfolio. Benjamin F. Edwards Company added MLM to its portfolio by purchasing 388 company shares during the most recent quarter which is valued at $76,386. Martin Marietta Materials makes up approx 0.01% of Benjamin F. Edwards Company’s portfolio.
Martin Marietta Materials closed down -3.05 points or -1.48% at $202.65 with 8,20,921 shares getting traded on Friday. Post opening the session at $205.36, the shares hit an intraday low of $202.15 and an intraday high of $206.24 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 $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.