Robeco Institutional Asset Management B.V. Acquires 901 Shares of Martin Marietta Materials, Inc. (MLM)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 167.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,439 shares of the construction company’s stock after buying an additional 901 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Martin Marietta Materials were worth $297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MLM. Sumitomo Life Insurance Co. increased its holdings in shares of Martin Marietta Materials by 62.6% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 7,869 shares of the construction company’s stock valued at $1,623,000 after purchasing an additional 3,030 shares in the last quarter. BerganKDV Wealth Management LLC increased its holdings in shares of Martin Marietta Materials by 25.1% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 5,709 shares of the construction company’s stock valued at $1,177,000 after purchasing an additional 1,146 shares in the last quarter. Exane Derivatives purchased a new position in shares of Martin Marietta Materials during the 3rd quarter valued at approximately $248,000. Shell Asset Management Co. increased its holdings in shares of Martin Marietta Materials by 89.4% during the 3rd quarter. Shell Asset Management Co. now owns 7,282 shares of the construction company’s stock valued at $939,000 after purchasing an additional 3,437 shares in the last quarter. Finally, Intl Fcstone Inc. purchased a new position in shares of Martin Marietta Materials during the 2nd quarter valued at approximately $500,000. 95.66% of the stock is owned by institutional investors.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, August 1st. The construction company reported $2.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by ($0.13). The business had revenue of $996.30 million during the quarter, compared to analysts’ expectations of $1.01 billion. Martin Marietta Materials had a return on equity of 10.69% and a net margin of 11.19%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 EPS.

COPYRIGHT VIOLATION WARNING: This story was reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.com-unik.info/2017/11/03/robeco-institutional-asset-management-b-v-acquires-901-shares-of-martin-marietta-materials-inc-mlm.html.

In other Martin Marietta Materials news, Director John J. Koraleski acquired 500 shares of the business’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $198.37 per share, for a total transaction of $99,185.00. Following the completion of the transaction, the director now owns 1,439 shares of the company’s stock, valued at approximately $285,454.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.45% of the company’s stock.

MLM has been the subject of several recent research reports. Zacks Investment Research lowered shares of Martin Marietta Materials from a “buy” rating to a “hold” rating in a report on Friday, July 14th. BidaskClub lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC set a $166.00 target price on shares of Martin Marietta Materials and gave the company a “hold” rating in a report on Monday, August 21st. Citigroup Inc. reaffirmed a “buy” rating and set a $260.00 target price (down from $270.00) on shares of Martin Marietta Materials in a report on Monday, October 9th. Finally, Bank of America Corporation cut their target price on shares of Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating for the company in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $242.43.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications.

Want to see what other hedge funds are holding MLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Martin Marietta Materials, Inc. (NYSE:MLM).

Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

What are top analysts saying about Martin Marietta Materials Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Martin Marietta Materials Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit