Shareholder Gardner Russo & Gardner LLC Has Upped Martin Marietta Materials (MLM) Position

February 22, 2018 - By Stephen Andrade

Investors sentiment increased to 1.28 in Q3 2017. Its up 0.30, from 0.98 in 2017Q2. It is positive, as 40 investors sold MLM shares while 130 reduced holdings. 53 funds opened positions while 165 raised stakes. 59.73 million shares or 1.72% more from 58.73 million shares in 2017Q2 were reported. Gotham Asset Ltd Com reported 0.11% stake. Westpac Corporation has 0.02% invested in Martin Marietta Materials, Inc. (NYSE:MLM). National Bank Of New York Mellon has 0.04% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 745,864 shares. 7,014 are owned by Sector Pension Board. Moreover, Epoch Invest Prtn has 0.54% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 787,381 shares. Stephens Ar accumulated 0.08% or 10,924 shares. Guardian Life Insurance Com Of America stated it has 142 shares or 0% of all its holdings. Of Vermont holds 0% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM) for 246 shares. Baker Avenue Asset Mngmt Lp owns 3,217 shares or 0.07% of their US portfolio. Amp Cap Investors Ltd accumulated 61,108 shares or 0.07% of the stock. Alpine Woods Investors Ltd Company accumulated 0.08% or 7,600 shares. Northern Tru Corporation holds 741,603 shares. Caledonia (Private) Invests Pty holds 4.82% in Martin Marietta Materials, Inc. (NYSE:MLM) or 798,089 shares. Alyeska Gp LP reported 0.11% stake. Hightower Advsr Limited Liability holds 0.01% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM) for 7,660 shares.

Since February 14, 2018, it had 0 buys, and 1 insider sale for $642,000 activity.

Tom Russo increased its stake in Martin Marietta Materials (MLM) by 15.19% based on its latest 2017Q3 regulatory filing with the SEC. Gardner Russo & Gardner Llc bought 268,198 shares as the company’s stock rose 4.98% with the market. The hedge fund run by Tom Russo held 2.03M shares of the basic industries company at the end of 2017Q3, valued at $419.50 million, up from 1.77M at the end of the previous reported quarter. Gardner Russo & Gardner Llc who had been investing in Martin Marietta Materials for a number of months, seems to be bullish on the $13.35 billion market cap company. The stock decreased 0.83% or $1.78 during the last trading session, reaching $212.31. About 336,034 shares traded. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 23.49% since February 22, 2017 and is uptrending. It has outperformed by 6.79% the S&P500.

Gardner Russo & Gardner Llc, which manages about $10.72B and $14.14B US Long portfolio, decreased its stake in Berkshire Hathaway Inc Cl A (BRKA) by 19 shares to 4,815 shares, valued at $1.32 billion in 2017Q3, according to the filing. It also reduced its holding in Unilever Nv Adr (NYSE:UN) by 55,093 shares in the quarter, leaving it with 15.03 million shares, and cut its stake in Forman Corp Cl A.

More important recent Martin Marietta Materials, Inc. (NYSE:MLM) news were published by: Finance.Yahoo.com which released: “Is a Surprise Coming for Martin Marietta (MLM) This Earnings Season?” on February 09, 2018, also Globenewswire.com published article titled: “Martin Marietta Announces Fourth Quarter and Full Year 2017 Conference Call”, Seekingalpha.com published: “Martin Marietta Materials’ (MLM) CEO Ward Nye on Q4 2017 Results – Earnings …” on February 13, 2018. More interesting news about Martin Marietta Materials, Inc. (NYSE:MLM) was released by: Nasdaq.com and their article: “Is a Beat in Store for Martin Marietta (MLM) in Q4 Earnings?” with publication date: February 12, 2018.

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

Among 13 analysts covering Martin Marietta (NYSE:MLM), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Martin Marietta had 30 analyst reports since August 5, 2015 according to SRatingsIntel. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, October 11 report. Barclays Capital initiated the shares of MLM in report on Tuesday, December 12 with “Hold” rating. As per Thursday, August 6, the company rating was maintained by Bank of America. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) has “Buy” rating given on Monday, April 3 by Cleveland. The stock has “Buy” rating by Jefferies on Wednesday, January 17. The firm has “Buy” rating by Jefferies given on Wednesday, October 11. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, September 6. Goldman Sachs maintained Martin Marietta Materials, Inc. (NYSE:MLM) rating on Wednesday, June 8. Goldman Sachs has “Buy” rating and $209 target. Citigroup initiated the shares of MLM in report on Wednesday, March 29 with “Buy” rating. Cleveland upgraded the stock to “Buy” rating in Friday, March 31 report.

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