Chilton Investment Co LLC Decreased Martin Marietta Matls INC (MLM) Position by $54.27 Million

September 30, 2018 - By Megan Stone

Martin Marietta Materials, Inc. (NYSE:MLM) LogoInvestors sentiment increased to 1.16 in Q2 2018. Its up 0.09, from 1.07 in 2018Q1. It increased, as 29 investors sold MLM shares while 148 reduced holdings. 60 funds opened positions while 145 raised stakes. 60.93 million shares or 1.75% more from 59.88 million shares in 2018Q1 were reported. Citadel Advisors Ltd Co stated it has 0% in Martin Marietta Materials, Inc. (NYSE:MLM). Bluestein R H & reported 0.02% stake. Dimensional Fund Advsr LP invested in 0.04% or 437,466 shares. Colorado-based Advsr Asset Incorporated has invested 0.14% in Martin Marietta Materials, Inc. (NYSE:MLM). Adage Prns Lc owns 240,166 shares or 0.12% of their US portfolio. Voya Mgmt holds 0.02% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM) for 37,046 shares. Wafra Inc owns 82,942 shares. Tower Rech Limited Liability Co (Trc) has 0.01% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 1,078 shares. Zweig accumulated 49,485 shares. Raymond James & accumulated 0.01% or 29,963 shares. Jane Street Gru Limited Company holds 37,342 shares. Bridges Inv Mngmt Incorporated has 23,335 shares. Proshare Advsrs has 0.01% invested in Martin Marietta Materials, Inc. (NYSE:MLM). Wheatland Advsr Inc accumulated 0.92% or 5,075 shares. Gardner Russo And Gardner Ltd Llc accumulated 1.99 million shares.

Since May 9, 2018, it had 2 buys, and 5 selling transactions for $3.93 million activity. On Wednesday, May 9 the insider Nye C Howard sold $1.79 million. Shares for $975,031 were sold by McCunniff Donald A.. KORALESKI JOHN J also bought $499,332 worth of Martin Marietta Materials, Inc. (NYSE:MLM) shares. Another trade for 3,500 shares valued at $710,045 was made by ZELNAK STEPHEN P JR on Monday, July 30. The insider BAR ROSELYN R sold $1.28 million.

Chilton Investment Co Llc decreased its stake in Martin Marietta Matls Inc (MLM) by 54.12% based on its latest 2018Q2 regulatory filing with the SEC. Chilton Investment Co Llc sold 243,347 shares as the company’s stock declined 16.50% while stock markets rallied. The hedge fund held 206,304 shares of the basic industries company at the end of 2018Q2, valued at $46.07 million, down from 449,651 at the end of the previous reported quarter. Chilton Investment Co Llc who had been investing in Martin Marietta Matls Inc for a number of months, seems to be less bullish one the $11.47B market cap company. The stock decreased 2.76% or $5.16 during the last trading session, reaching $181.95. About 1.16M shares traded or 77.13% up from the average. Martin Marietta Materials, Inc. (NYSE:MLM) has declined 6.41% since September 30, 2017 and is downtrending. It has underperformed by 22.03% the S&P500.

Chilton Investment Co Llc, which manages about $5.22 billion and $2.85 billion US Long portfolio, upped its stake in Iqvia Hldgs Inc by 237,732 shares to 431,645 shares, valued at $43.09 million in 2018Q2, according to the filing. It also increased its holding in Heico Corp New (NYSE:HEI) by 137,304 shares in the quarter, for a total of 603,108 shares, and has risen its stake in Fedex Corp (NYSE:FDX).

Analysts await Martin Marietta Materials, Inc. (NYSE:MLM) to report earnings on November, 1. They expect $3.43 earnings per share, up 43.51 % or $1.04 from last year’s $2.39 per share. MLM’s profit will be $216.13M for 13.26 P/E if the $3.43 EPS becomes a reality. After $3.25 actual earnings per share reported by Martin Marietta Materials, Inc. for the previous quarter, Wall Street now forecasts 5.54 % EPS growth.

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

Among 5 analysts covering Martin Marietta Materials (NYSE:MLM), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Martin Marietta Materials had 7 analyst reports since April 13, 2018 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Monday, July 30. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, May 31. The firm has “Hold” rating given on Friday, April 13 by Stephens. The firm has “Buy” rating by Stifel Nicolaus given on Friday, July 27. The firm has “Buy” rating by Bank of America given on Wednesday, May 2. Bank of America maintained Martin Marietta Materials, Inc. (NYSE:MLM) rating on Wednesday, July 25. Bank of America has “Buy” rating and $247 target.

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

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