As Martin Marietta Matls INC (MLM) Shares Declined, First Foundation Advisors Increased Stake

November 10, 2018 - By Jimmy Cauthen

Martin Marietta Materials, Inc. (NYSE:MLM) Corporate LogoDuring 2018 Q2 the big money sentiment increased to 1.16. That’s change of 0.09, from 2018Q1’s 1.07. 29 investors sold all, 148 reduced holdings as MLM ratio increased. 145 grew stakes while 60 funds amassed stakes. Funds hold 60.93 million shares thus 1.75% more from 2018Q1’s 59.88 million shares. Principal Fincl Grp reported 2.11 million shs or 0.43% of all its holdings. Texas Permanent School Fund, a Texas-based fund reported 15,363 shs. Advsrs Asset Management reported 0.14% stake. Sumitomo Mitsui Asset Mngmt stated it has 49,864 shs. Wheatland Advsr holds 5,075 shs or 0.92% of its capital. 1832 Asset Mgmt Lp invested 0.17% in Martin Marietta Materials, Inc. (NYSE:MLM). State Street stated it has 0.05% of its capital in Martin Marietta Materials, Inc. (NYSE:MLM). 1,202 were reported by Sigma Planning Corporation. Hoplite Capital Mgmt Ltd Partnership holds 6.94% in Martin Marietta Materials, Inc. (NYSE:MLM) or 356,632 shs. Carroll Fincl Associate reported 470 shs stake. Blair William & Il owns 2,551 shs. Mitsubishi Ufj Tru & holds 0.14% in Martin Marietta Materials, Inc. (NYSE:MLM) or 363,801 shs. Tributary Management Ltd Co reported 0.13% stake. Findlay Park Prtnrs Ltd Liability Partnership reported 674,423 shs. Douglass Winthrop Advisors Limited Liability Com stated it has 2.2% in Martin Marietta Materials, Inc. (NYSE:MLM).

MLM had 2 sales and 2 buys since May 11, 2018. This’s net activity of $225,385. BAR ROSELYN R sold $1.28M worth of Martin Marietta Materials, Inc. (NYSE:MLM) on Friday, May 11. $499,332 worth of Martin Marietta Materials, Inc. (NYSE:MLM) was bought by KORALESKI JOHN J. On Monday, July 30 $710,045 worth of stock was bought by ZELNAK STEPHEN P JR.

The holdings In Martin Marietta Matls Inc (MLM) was upped held by First Foundation Advisors. According to 2018Q2 SEC form the decrease is 26.24%. The company’s stock sank 16.50% while First Foundation Advisors bought 22,424 shares. The basic industries company announced $24.10 million value for the 2018Q2. Now the hedge fund is holding 107,888 shares, compared to the 85,464 from the previous quarter. $11.61B is Martin Marietta Matls Inc’s MC. The stock decreased 2.17% or $4.09 during the last trading session, touching $184.29.Martin Marietta Materials, Inc. has 1.19 million shares volume, 26.68% up from normal. MLM is downtrending and has moved 6.41% since November 10, 2017. MLM underperformed by 22.03% the S&P 500.

According to a filing the First Foundation Advisors’s stake in Altria Group Inc (NYSE:MO) was reduced by 60,020 shares to 413,487 shares valued at $23.48 million in 2018Q2. It manages about $3.20 billion and $1.70 billion US Long portfolio. First Foundation Advisors has cut its stake in Blackrock Inc (NYSE:BLK) and also reduced its holding in Berkshire Hathaway Inc Del (BRKB) by 34,382 shares in the quarter, for a total of 291,541 shares.

More recent Martin Marietta Materials, Inc. (NYSE:MLM) news were published by Globenewswire.com, Globenewswire.com and Globenewswire.com. The first one has “Martin Marietta Appoints New Member to Board of Directors” as a title and was published on November 05, 2018. The next is “Consolidated Research: 2018 Summary Expectations for Senior Housing Properties Trust, NACCO Industries, Primo …” on November 09, 2018. And last was published on November 06, 2018, called “Martin Marietta Reports Third Quarter 2018 Results”.

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

Total analysts of 5 have positions in Martin Marietta Materials (NYSE:MLM) as follows: 2 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 40%. Since May 15, 2018 according to StockzIntelligence Inc Martin Marietta Materials has 7 analyst reports. On Thursday, October 11 the stock of Martin Marietta Materials, Inc. (NYSE:MLM) has “Neutral” rating given by DA Davidson. On Thursday, May 31 the stock has “Equal-Weight” rating by Barclays Capital. On Wednesday, October 17 Bank of America downgraded Martin Marietta Materials, Inc. (NYSE:MLM) to “Neutral” rating. In Monday, July 30 report Citigroup maintained it with “Buy” rating and $250 target. On Friday, July 27 the rating was maintained by Stifel Nicolaus with “Buy”. On Wednesday, July 25 the rating was maintained by Bank of America with “Buy”.

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

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