Caledonia Private Investments Pty Ltd increased its stake in Martin Marietta Materials Inc (MLM) by 4.76% based on its latest 2016Q3 regulatory filing with the SEC. Caledonia Private Investments Pty Ltd bought 27,634 shares as the company’s stock declined 5.30% while stock markets rallied. The institutional investor held 608,424 shares of the basic industries company at the end of 2016Q3, valued at $108.98M, up from 580,790 at the end of the previous reported quarter. Caledonia Private Investments Pty Ltd who had been investing in Martin Marietta Materials Inc for a number of months, seems to be bullish on the $14.08 billion market cap company. The stock is up 0.07% or $0.16 after the positive news, hitting $220.72 per share. About 262,186 shares traded hands. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 17.91% since June 7, 2016 and is uptrending. It has outperformed by 10.49% the S&P500.
Insitutional Activity: The institutional sentiment increased to 1.22 in 2016 Q3. Its up 0.10, from 1.12 in 2016Q2. The ratio improved, as 43 funds sold all MLM shares owned while 137 reduced positions. 68 funds bought stakes while 152 increased positions. They now own 60.93 million shares or 0.24% more from 60.78 million shares in 2016Q2. Rhumbline Advisers, a Massachusetts-based fund reported 109,826 shares. Herndon Cap Management Ltd Liability has 6 shares for 0% of their US portfolio. Regions Fin Corporation holds 0.01% or 4,224 shares in its portfolio. The Japan-based Mizuho Tru & Limited has invested 0.05% in Martin Marietta Materials, Inc. (NYSE:MLM). Timessquare Capital Ltd last reported 0.72% of its portfolio in the stock. Credit Agricole S A has invested 0.01% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). Freestone Capital Limited Liability last reported 0.12% of its portfolio in the stock. Wells Fargo & Mn reported 185,349 shares or 0.01% of all its holdings. Strategy Asset Managers Lc holds 1,976 shares or 0.08% of its portfolio. Advisory holds 1,644 shares or 0% of its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt has 0.01% invested in the company for 3,623 shares. Gilder Gagnon Howe Company Limited Company has invested 0.94% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). London Commerce Of Virginia owns 471,444 shares or 0.63% of their US portfolio. Liberty Mutual Grp Asset Management last reported 5,139 shares in the company. Moreover, Sei Invests has 0.04% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 48,502 shares.
Insider Transactions: Since August 9, 2016, the stock had 0 buys, and 8 insider sales for $6.78 million net activity. Nye C Howard sold $1.95M worth of stock. The insider BAR ROSELYN R sold $528,132. $233,438 worth of Martin Marietta Materials, Inc. (NYSE:MLM) was sold by Grant Daniel L. on Wednesday, November 9. LLOYD ANNE H had sold 2,929 shares worth $658,271 on Wednesday, November 9. MAFFUCCI DAVID G also sold $1.36 million worth of Martin Marietta Materials, Inc. (NYSE:MLM) on Wednesday, August 10. 1,503 Martin Marietta Materials, Inc. (NYSE:MLM) shares with value of $344,154 were sold by McCunniff Donald A.. 2,389 shares with value of $542,735 were sold by Guzzo Dana F. on Wednesday, November 9.
More notable recent Martin Marietta Materials, Inc. (NYSE:MLM) news were published by: Barrons.com which released: “Martin Marietta Materials Shares Have 35% Upside” on March 05, 2016, also Fool.com with their article: “Why Martin Marietta Materials, Inc. Shares Popped” published on February 09, 2016, Marketwatch.com published: “Martin Marietta profit jumps 36%” on November 01, 2016. More interesting news about Martin Marietta Materials, Inc. (NYSE:MLM) were released by: Moodys.com and their article: “Moody’s revises Martin Marietta’s (CFR Ba1) rating outlook to positive from stable” published on May 03, 2016 as well as Nasdaq.com‘s news article titled: “Martin Marietta Misses Q3 Earnings and Sales Estimate” with publication date: November 01, 2016.
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.”
Martin Marietta Materials, Inc. (NYSE:MLM) Ratings Coverage
Out of 8 analysts covering Martin Marietta (NYSE:MLM), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Martin Marietta has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was upgraded by Longbow on Friday, October 2 to “Buy”. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) has “Buy” rating given on Thursday, August 6 by Bank of America. On Wednesday, November 16 the stock rating was downgraded by Bank of America to “Neutral”. The company was initiated on Thursday, June 9 by Alembic. The rating was upgraded by SunTrust to “Buy” on Wednesday, October 26. The stock has “Buy” rating given by Goldman Sachs on Wednesday, June 8. Suntrust Robinson upgraded the stock to “Buy” rating in Wednesday, October 26 report. The company was downgraded on Tuesday, October 11 by Goldman Sachs. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 5.
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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