As Martin Marietta Materials INC (MLM) Market Valuation Rose, Holder Iridian Asset Management LLC Trimmed Its Position

July 27, 2018 - By Mary Kidd

Martin Marietta Materials, Inc. (NYSE:MLM) LogoInvestors sentiment decreased to 1.07 in 2018 Q1. Its down 0.22, from 1.29 in 2017Q4. It fall, as 38 investors sold MLM shares while 140 reduced holdings. 52 funds opened positions while 138 raised stakes. 59.88 million shares or 0.32% less from 60.08 million shares in 2017Q4 were reported. Daiwa Securities owns 31,414 shares. Srb Corp has 0.03% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 982 shares. Epoch Ptnrs stated it has 1.50M shares or 1.1% of all its holdings. Employees Retirement Association Of Colorado invested in 11,440 shares. Jabre Cap Partners Sa accumulated 24,000 shares or 1.07% of the stock. Fund Mgmt accumulated 7,863 shares or 0.01% of the stock. Texas Permanent School Fund has 0.04% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 16,228 shares. Everence Mngmt reported 1,616 shares stake. Heritage Management holds 1.1% or 85,019 shares. Colonial Trust Advsrs owns 19,146 shares for 0.81% of their portfolio. Stratos Wealth Prtn holds 0.01% or 1,220 shares. Hoplite Mngmt LP holds 403,451 shares or 5.99% of its portfolio. Brown Advisory Incorporated owns 3,837 shares or 0% of their US portfolio. Point72 Asset Management Limited Partnership holds 0.14% or 157,900 shares in its portfolio. Envestnet Asset Mgmt Inc holds 0.01% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM) for 22,216 shares.

Since February 14, 2018, it had 0 insider buys, and 6 selling transactions for $5.95 million activity. PEREZ LAREE E sold $642,000 worth of stock. $1.79M worth of stock was sold by Nye C Howard on Wednesday, May 9. BAR ROSELYN R also sold $1.28M worth of Martin Marietta Materials, Inc. (NYSE:MLM) on Friday, May 11. COLE SUE W also sold $630,191 worth of Martin Marietta Materials, Inc. (NYSE:MLM) on Monday, March 12. Quillen Michael J sold 3,000 shares worth $637,499.

Iridian Asset Management Llc decreased its stake in Martin Marietta Materials Inc (MLM) by 7.52% based on its latest 2018Q1 regulatory filing with the SEC. Iridian Asset Management Llc sold 163,846 shares as the company’s stock rose 3.09% while stock markets declined. The hedge fund held 2.01 million shares of the basic industries company at the end of 2018Q1, valued at $417.50M, down from 2.18 million at the end of the previous reported quarter. Iridian Asset Management Llc who had been investing in Martin Marietta Materials Inc for a number of months, seems to be less bullish one the $13.02 billion market cap company. The stock decreased 7.22% or $16.1 during the last trading session, reaching $206.85. About 2.35M shares traded or 298.24% up from the average. Martin Marietta Materials, Inc. (NYSE:MLM) has declined 5.15% since July 27, 2017 and is downtrending. It has underperformed by 17.72% the S&P500.

Iridian Asset Management Llc, which manages about $11.52 billion and $11.15B US Long portfolio, upped its stake in Albemarle Corp (NYSE:ALB) by 602,784 shares to 1.99 million shares, valued at $184.17 million in 2018Q1, according to the filing. It also increased its holding in Molina Healthcare Inc (NYSE:MOH) by 112,125 shares in the quarter, for a total of 1.78M shares, and has risen its stake in Post Holdings Inc (NYSE:POST).

Analysts await Martin Marietta Materials, Inc. (NYSE:MLM) to report earnings on August, 7. They expect $2.84 EPS, up 26.22 % or $0.59 from last year’s $2.25 per share. MLM’s profit will be $178.79M for 18.21 P/E if the $2.84 EPS becomes a reality. After $0.16 actual EPS reported by Martin Marietta Materials, Inc. for the previous quarter, Wall Street now forecasts 1,675.00 % EPS growth.

Another recent and important Martin Marietta Materials, Inc. (NYSE:MLM) news was published by Globenewswire.com which published an article titled: “Martin Marietta Announces Second Quarter 2018 Earnings Conference Call” on July 20, 2018.

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

Among 7 analysts covering Martin Marietta Materials (NYSE:MLM), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Martin Marietta Materials has $26200 highest and $232 lowest target. $245.83’s average target is 18.84% above currents $206.85 stock price. Martin Marietta Materials had 9 analyst reports since February 12, 2018 according to SRatingsIntel. Bank of America maintained it with “Buy” rating and $247 target in Wednesday, July 25 report. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, May 31. The rating was maintained by SunTrust on Monday, February 12 with “Buy”. The firm earned “Buy” rating on Wednesday, May 2 by Bank of America. Stephens maintained Martin Marietta Materials, Inc. (NYSE:MLM) rating on Friday, April 13. Stephens has “Hold” rating and $23300 target. As per Friday, February 23, the company rating was maintained by Stephens. The stock has “Buy” rating by Jefferies on Tuesday, February 13.

Martin Marietta Materials, Inc. (NYSE:MLM) Institutional Positions Chart

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