Martin Marietta Matls INC (MLM) Stock Price Rose While Lodge Hill Capital LLC Trimmed by $3.34 Million Its Position

July 17, 2017 - By Maria Brooks

Investors sentiment decreased to 0.98 in 2016 Q4. Its down 0.24, from 1.22 in 2016Q3. It worsened, as 46 investors sold MLM shares while 165 reduced holdings. 65 funds opened positions while 141 raised stakes. 60.58 million shares or 0.58% less from 60.93 million shares in 2016Q3 were reported. Cipher Cap LP owns 7,043 shares for 0.1% of their portfolio. Boston Private Wealth Ltd Liability Corporation owns 5,524 shares. Moreover, Northern Corporation has 0.05% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 695,638 shares. Commonwealth Comml Bank Of Aus owns 433 shares or 0% of their US portfolio. Frontier holds 446,423 shares or 0.76% of its portfolio. Epoch Ptnrs has invested 0.6% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). 2,039 were accumulated by New Century Invest Management. Bartlett Com Ltd Com reported 0.04% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). 274,900 were accumulated by Lodge Hill Cap Ltd Liability Com. Cornerstone Capital Management Ltd reported 11,184 shares. Amer International Grp Inc has invested 0.02% in Martin Marietta Materials, Inc. (NYSE:MLM). Mark Asset Management holds 82,127 shares. Tudor Inv Corp Et Al holds 0.11% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM) for 20,076 shares. Stephens Incorporated Ar, Arkansas-based fund reported 9,502 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 14,012 shares.

Since February 17, 2017, it had 0 insider purchases, and 7 selling transactions for $7.14 million activity. 10,258 shares were sold by Nye C Howard, worth $2.45 million. COLE SUE W had sold 3,000 shares worth $636,360 on Friday, March 10. PEREZ LAREE E had sold 3,000 shares worth $656,952. McCunniff Donald A. also sold $334,071 worth of Martin Marietta Materials, Inc. (NYSE:MLM) on Thursday, May 4. $1.55M worth of Martin Marietta Materials, Inc. (NYSE:MLM) was sold by LLOYD ANNE H. Another trade for 6,000 shares valued at $1.32 million was made by MCDONALD WILLIAM E on Friday, February 17. Guzzo Dana F. sold 829 shares worth $198,330.

Clint Murray decreased its stake in Martin Marietta Matls Inc (MLM) by 5.21% based on its latest 2016Q4 regulatory filing with the SEC. Lodge Hill Capital Llc sold 15,100 shares as the company’s stock rose 4.98% with the market. The hedge fund run by Clint Murray held 274,900 shares of the basic industries company at the end of 2016Q4, valued at $60.90M, down from 290,000 at the end of the previous reported quarter. Lodge Hill Capital Llc who had been investing in Martin Marietta Matls Inc for a number of months, seems to be less bullish one the $13.97B market cap company. The stock rose 0.39% or $0.87 reaching $224.14. About 167,971 shares traded. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 23.49% since July 17, 2016 and is uptrending. It has outperformed by 6.79% the S&P500.

Lodge Hill Capital Llc, which manages about $208.28 million and $783.87M US Long portfolio, upped its stake in Ihs Markit Ltd by 1.10M shares to 1.43 million shares, valued at $50.46 million in 2016Q4, according to the filing.

Investors wait Martin Marietta Materials, Inc. (NYSE:MLM) to report on August, 1. its quarterly earnings Wall Street analysts expect $2.50 earnings per share, up $0.60 or 31.58 % from last year’s $1.9 same quarter earnings. This translates into $155.82 million profit for MLM giving the stock a 22.45 P/E. This is assuming the current $2.50 EPS is accurate. Martin Marietta Materials, Inc.’s Wall Street analysts see 273.13 % EPS growth, taking into account the $0.67 EPS reproted in the previous quarter,

More notable recent Martin Marietta Materials, Inc. (NYSE:MLM) news were published by: Seekingalpha.com which released: “Martin Marietta Materials Already Pricing In A Lot Of Things Going Right” on May 17, 2017, also Reuters.com with their article: “Martin Marietta to buy Bluegrass Materials for $1.63 billion” published on June 26, 2017, Seekingalpha.com published: “Martin Marietta Materials (MLM) Q1 2017 Results – Earnings Call Transcript” on May 02, 2017. More interesting news about Martin Marietta Materials, Inc. (NYSE:MLM) were released by: Gurufocus.com and their article: “Renaissance Investment Group LLC Buys Martin Marietta Materials Inc, Sells …” published on July 13, 2017 as well as Zacks.com‘s news article titled: “Martin Marietta to Buy Bluegrass, Boost Aggregates Business” with publication date: June 27, 2017.

Martin Marietta Materials, Inc. (NYSE:MLM) Ratings Coverage

Among 11 analysts covering Martin Marietta (NYSE:MLM), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Martin Marietta had 16 analyst reports since August 5, 2015 according to SRatingsIntel. As per Wednesday, June 8, the company rating was maintained by Goldman Sachs. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Buy” rating by Citigroup on Wednesday, March 29. As per Wednesday, October 26, the company rating was upgraded by SunTrust. On Monday, April 3 the stock rating was upgraded by Cleveland to “Buy”. The firm has “Neutral” rating by Bank of America given on Wednesday, November 16. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, August 5 report. The stock has “Neutral” rating by Goldman Sachs on Tuesday, October 11. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Buy” rating by Bank of America on Thursday, August 6. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Buy” rating by Cleveland on Friday, March 31. Alembic initiated Martin Marietta Materials, Inc. (NYSE:MLM) rating on Thursday, June 9. Alembic has “Overweight” rating and $220 target.

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