Today’s Stock On Watch: Institutional Investors Are Betting On Martin Marietta Materials Inc (NYSE:MLM)

November 29, 2016 - By Dolores Ford   ·   0 Comments

Today's Stock On Watch: Institutional Investors Are Betting On Martin Marietta Materials Inc (NYSE:MLM)

Sentiment for Martin Marietta Materials Inc (NYSE:MLM)

Martin Marietta Materials Inc (NYSE:MLM) institutional sentiment increased to 1.22 in Q2 2016. Its up 0.10, from 1.12 in 2016Q1. The ratio is more positive, as 201 institutional investors started new or increased holdings, while 179 sold and trimmed holdings in Martin Marietta Materials Inc. The institutional investors in our partner’s database now possess: 60.78 million shares, down from 67.12 million shares in 2016Q1. Also, the number of institutional investors holding Martin Marietta Materials Inc in their top 10 holdings increased from 9 to 11 for an increase of 2. Sold All: 35 Reduced: 144 Increased: 132 New Position: 69.

Martin Marietta Materials, Inc. is a supplier of aggregates products for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The company has a market cap of $13.29 billion. The Firm operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. It has a 34.29 P/E ratio. The Firm conducts its Aggregates business through three divisions: the Mid-America Group, Southeast Group, and West Group.

About 280,832 shares traded hands. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 27.06% since April 26, 2016 and is uptrending. It has outperformed by 21.80% the S&P500.

Analysts await Martin Marietta Materials, Inc. (NYSE:MLM) to report earnings on February, 14. They expect $1.63 EPS, up 41.74% or $0.48 from last year’s $1.15 per share. MLM’s profit will be $99.35 million for 33.44 P/E if the $1.63 EPS becomes a reality. After $2.49 actual EPS reported by Martin Marietta Materials, Inc. for the previous quarter, Wall Street now forecasts -34.54% negative EPS growth.

According to Zacks Investment Research, “Martin Marietta Materials producer of aggregates for the construction industry, including highways, infrastructure, commercial and residential. The company also manufactures and markets magnesia-based products, including heat-resistant refractory products for the steel industry, chemicals products for industrial, agricultural and environmental uses, and dolomitic lime.”

Chapter Iv Investors Llc holds 24.92% of its portfolio in Martin Marietta Materials, Inc. for 390,000 shares. Banbury Partners Llc owns 121,386 shares or 8.55% of their US portfolio. Moreover, Foundation Asset Management Lp has 6.92% invested in the company for 108,311 shares. The Massachusetts-based Capital Growth Management Lp has invested 4.97% in the stock. Caledonia (Private) Investments Pty Ltd, a Australia-based fund reported 580,790 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 8 insider sales for $7.00 million net activity.

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

Ratings analysis reveals 63% of Martin Marietta’s analysts are positive. Out of 8 Wall Street analysts rating Martin Marietta, 5 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $145 while the high is $220. The stock’s average target of $183.17 is -16.00% below today’s ($218.05) share price. MLM was included in 11 notes of analysts from August 5, 2015. Bank of America downgraded Martin Marietta Materials, Inc. (NYSE:MLM) on Wednesday, November 16 to “Neutral” rating. The company was upgraded on Wednesday, October 26 by SunTrust. On Wednesday, October 26 the stock rating was upgraded by Suntrust Robinson to “Buy”. The firm has “Buy” rating by Longbow given on Friday, October 2. Goldman Sachs maintained Martin Marietta Materials, Inc. (NYSE:MLM) rating on Wednesday, June 8. Goldman Sachs has “Buy” rating and $209 price target. Bank of America maintained the shares of MLM in a report on Thursday, August 6 with “Buy” rating. The company was downgraded on Tuesday, October 11 by Goldman Sachs. Stifel Nicolaus maintained Martin Marietta Materials, Inc. (NYSE:MLM) rating on Wednesday, August 5. Stifel Nicolaus has “Buy” rating and $181 price target. The firm earned “Overweight” rating on Thursday, June 9 by Alembic.

MLM Company Profile

Martin Marietta Materials, Inc., incorporated on November 12, 1993, is a supplier of aggregates products (crushed stone, sand and gravel) for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The Firm operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Firm conducts its Aggregates business through three divisions: the Mid-America Group, Southeast Group, and West Group. The Company’s Cement business operates through the Cement segment. The Company’s Magnesia Specialties segment includes its magnesia chemicals and dolomitic lime businesses. The Company’s Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. The Company’s Cement business is engaged in producing Portland and specialty cements. In addition, aggregates products are used for railroad ballast and in agricultural, utility and environmental applications.

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By Dolores Ford


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