As Martin Marietta Materials INC (MLM) Shares Declined, Shareholder Iridian Asset Management LLC Increased by $86.73 Million Its Stake

April 16, 2018 - By Pearl Odom

Martin Marietta Materials, Inc. (NYSE:MLM) Corporate LogoDuring Q4 2017 the big money sentiment increased to 1.29. That’s change of 0.01, from 2017Q3’s 1.28. 46 investors sold all, 129 reduced holdings as MLM ratio improved. 168 rose positions while 57 funds acquired positions. Funds hold 60.08 million shares thus 0.57% more from 2017Q3’s 59.73 million shares. Cubist Systematic Strategies Lc reported 747 shs. Neuberger Berman Group Inc Limited has 0.21% invested in Martin Marietta Materials, Inc. (NYSE:MLM). Sg Americas Lc holds 0.02% of its capital in Martin Marietta Materials, Inc. (NYSE:MLM) for 9,596 shs. Kentucky Retirement Sys Insur Tru Fund accumulated 1,669 shs. Coldstream Capital invested 0.03% in Martin Marietta Materials, Inc. (NYSE:MLM). Sun Life holds 137 shs or 0% of its capital. Michigan-based State Treasurer State Of Michigan has invested 0.03% in Martin Marietta Materials, Inc. (NYSE:MLM). Thomas White Limited reported 2,900 shs or 0.11% of all its holdings. Baker Avenue Asset Mgmt Ltd Partnership has invested 0.07% in Martin Marietta Materials, Inc. (NYSE:MLM). Brown Advisory owns 18,218 shs for 0.01% of their capital. Daiwa Gru invested in 0.06% or 36,275 shs. Trust Co Of Vermont has 0.01% invested in Martin Marietta Materials, Inc. (NYSE:MLM). 31 are held by Baldwin Brothers Incorporated Ma. Two Creeks Management Limited Partnership accumulated 0.52% or 44,423 shs. State Of Alaska Department Of Revenue stated it has 0.06% in Martin Marietta Materials, Inc. (NYSE:MLM).

MLM had 2 insider sales and 0 buys since February 14, 2018. This’s net activity of $1.27 million. On Monday, March 12 $630,191 worth of stock was sold by COLE SUE W.

In 2017Q4 SEC form is reported David Cohen’s holdings in Martin Marietta Materials Inc (MLM) which was increased by 21.98%. 392,445 shares were bought by Iridian Asset Management Llc as the company’s stock declined 2.69% with the market. The basic industries company announced $481.39 million value for the 2017Q4. Now the hedge fund run by David Cohen is holding 2.18 million shares, compared to the 1.79 million from the previous quarter. $12.57B is the market cap of Martin Marietta Materials Inc. On during the last trading session the stock increased $4.02 or 2.05%, reaching $200.14.Currently Martin Marietta Materials, Inc. is downtrending after 0.78% change in last April 16, 2017. MLM has 213,074 shares volume. MLM underperformed by 12.33% the S&P500.

Iridian Asset Management Llc manages about $11.52B and $11.89B US Long portfolio. Its stake in Murphy Usa Inc (NYSE:MUSA) was decreased by 301,370 shares to 2.05 million shares valued at $164.57M in 2017Q4, according to the filing. Iridian Asset Management Llc has cut its stake in Check Point Software Technologies Ltd (NASDAQ:CHKP) and also reduced its holding in Visteon Corp (NYSE:VC) by 72,459 shares in the quarter, for a total of 2.60 million shares.

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

In total 8 analysts cover Martin Marietta Materials (NYSE:MLM). “Buy” rating has 4, “Sell” are 0, while 4 are “Hold”. 50% are bullish. 12 are the (NYSE:MLM)’s analyst reports since October 19, 2017 according to StockzIntelligence Inc. On Wednesday, January 3 Stephens maintained Martin Marietta Materials, Inc. (NYSE:MLM) rating. Stephens has “Hold” rating and $250.0 target. On Friday, April 13 Stephens maintained Martin Marietta Materials, Inc. (NYSE:MLM) with “Hold” rating. On Thursday, October 26 the company was maintained by SunTrust. On Monday, February 12 SunTrust maintained Martin Marietta Materials, Inc. (NYSE:MLM) with “Buy” rating. On Tuesday, December 12 Barclays Capital initiated the shares of MLM in report with “Hold” rating. On Tuesday, February 13 the stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Buy” rating by Jefferies. On Friday, February 23 the firm has “Hold” rating given by Stephens. The company rating was maintained by Jefferies on Wednesday, January 17. On Thursday, October 19 the stock of Martin Marietta Materials, Inc. (NYSE:MLM) has “Neutral” rating given by Bank of America. On Thursday, January 25 the firm has “Buy” rating given by Citigroup.

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

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