August 18, 2018 – By Glen Chin
Lodge Hill Capital Llc increased its stake in Martin Marietta Matls Inc (MLM) by 33.35% based on its latest 2018Q1 regulatory filing with the SEC. Lodge Hill Capital Llc bought 100,000 shares as the company’s stock rose 3.09% while stock markets declined. The hedge fund held 399,810 shares of the basic industries company at the end of 2018Q1, valued at $82.88 million, up from 299,810 at the end of the previous reported quarter. Lodge Hill Capital Llc who had been investing in Martin Marietta Matls Inc for a number of months, seems to be bullish on the $12.79 billion market cap company. The stock increased 0.24% or $0.49 during the last trading session, reaching $203. About 328,235 shares traded. Martin Marietta Materials, Inc. (NYSE:MLM) has declined 5.15% since August 18, 2017 and is downtrending. It has underperformed by 17.72% the S&P500. Some Historical MLM News: 08/03/2018 Cramer also sits down with the CEOs of Thor Industries and Martin Marietta Materials; 08/05/2018 – Martin Marietta 1Q Rev $802M; 08/05/2018 – Martin Marietta 1Q EPS 16c; 25/04/2018 – DOJ: Martin Marietta Settlement Requires Sale of Georgia and Maryland Quarries; 25/04/2018 – Justice Department Announces Suit and Settlement With Martin Marietta Over Bluegrass Materials Deal; 10/05/2018 – MARTIN MARIETTA MATERIALS SAYS NO ONE WAS INJURED IN CITED INCIDENT AT ITS BEDROCK QUARRY IN CENTER POINT, TEXAS – SEC FILING; 25/04/2018 – DOJ: Martin Marietta Settlement Related to Bluegrass Deal Calls for Quarry Divestitures; 08/05/2018 – MARTIN MARIETTA MATERIALS – QTRLY TOTAL REVENUES $802.0 MLN VS $843.9 MLN; 08/05/2018 – MARTIN MARIETTA MATERIALS – SEES 2018 NET EARNINGS ATTRIBUTABLE TO CO $525 MLN TO $640 MLN; 30/04/2018 – MLM AGREEMENT WOULD RESOLVE ALL COMPETITION ISSUES FOR PURCHASE
Zwj Investment Counsel Inc increased its stake in Invesco Ltd (IVZ) by 3.43% based on its latest 2018Q1 regulatory filing with the SEC. Zwj Investment Counsel Inc bought 23,685 shares as the company’s stock declined 16.52% with the market. The institutional investor held 714,155 shares of the investment managers company at the end of 2018Q1, valued at $22.86M, up from 690,470 at the end of the previous reported quarter. Zwj Investment Counsel Inc who had been investing in Invesco Ltd for a number of months, seems to be bullish on the $10.06B market cap company. The stock decreased 0.45% or $0.11 during the last trading session, reaching $24.48. About 4.74M shares traded or 20.90% up from the average. Invesco Ltd. (NYSE:IVZ) has declined 11.58% since August 18, 2017 and is downtrending. It has underperformed by 24.15% the S&P500. Some Historical IVZ News: 20/04/2018 – GREAT-WEST LIFECO INC – ITS SUBSIDIARY, IRISH LIFE GROUP LIMITED, HAS REACHED AN AGREEMENT TO ACQUIRE A STRATEGIC HOLDING IN INVESCO LTD; 26/04/2018 – Invesco `Pounding the Table’ No More as Commodity ETFs Surge; 20/04/2018 – GREAT-WEST LIFECO UNIT TO BUY HOLDING IN INVESCO; 06/03/2018 – REG-Invesco Inc Grth Tst: Net Asset Value(s); 15/05/2018 – Invesco Adds Aptiv, Exits Golar LNG Partners, Cuts Comcast: 13F; 26/04/2018 – Invesco 1Q Adj EPS 67c; 26/04/2018 – INVESCO LTD IVZ.N – INCREASED QUARTERLY DIVIDEND 3.4% TO $0.30; 26/04/2018 – INVESCO LTD IVZ.N – QTRLY NET REVENUES $958.0 MLN VS $867.1 MLN; 24/04/2018 – Invesco Asia Trust Plc: Director/PDMR Shareholding; 29/05/2018 – REG-Invesco RAFI UK Fd: Net Asset Value(s)
Among 13 analysts covering Martin Marietta (NYSE:MLM), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Martin Marietta had 38 analyst reports since August 5, 2015 according to SRatingsIntel. As per Friday, March 31, the company rating was upgraded by Cleveland. Stephens maintained Martin Marietta Materials, Inc. (NYSE:MLM) rating on Wednesday, January 3. Stephens has “Hold” rating and $250.0 target. Citigroup maintained Martin Marietta Materials, Inc. (NYSE:MLM) rating on Monday, October 9. Citigroup has “Buy” rating and $260 target. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) has “Neutral” rating given on Wednesday, November 16 by Bank of America. The firm has “Hold” rating by Barclays Capital given on Tuesday, December 12. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, August 5 report. The rating was maintained by Citigroup on Thursday, January 25 with “Buy”. The firm has “Hold” rating given on Friday, February 23 by Stephens. The stock has “Buy” rating by SunTrust on Thursday, October 26. The rating was maintained by Bank of America on Wednesday, July 25 with “Buy”.
Since March 12, 2018, it had 2 insider buys, and 5 sales for $4.10 million activity. Another trade for 8,409 shares valued at $1.79M was made by Nye C Howard on Wednesday, May 9. Another trade for 5,998 shares valued at $1.28 million was sold by BAR ROSELYN R. The insider COLE SUE W sold 3,000 shares worth $630,191. ZELNAK STEPHEN P JR bought $710,045 worth of stock or 3,500 shares. KORALESKI JOHN J had bought 2,400 shares worth $499,332 on Friday, July 27. The insider Quillen Michael J sold $637,499.
Investors sentiment decreased to 1.07 in Q1 2018. Its down 0.22, from 1.29 in 2017Q4. It dropped, as 38 investors sold MLM shares while 140 reduced holdings. 52 funds opened positions while 138 raised stakes. 59.88 million shares or 0.32% less from 60.08 million shares in 2017Q4 were reported. Paloma Prns Management reported 3,709 shares. First Mercantile Tru accumulated 2,564 shares. Mackenzie Corp has 143,122 shares for 0.08% of their portfolio. Tiaa Cref Invest Mgmt Ltd Liability Corporation reported 81,752 shares. Caledonia (Private) Investments Pty has 3.62% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 951,580 shares. The Michigan-based Comerica Natl Bank has invested 0.02% in Martin Marietta Materials, Inc. (NYSE:MLM). State Treasurer State Of Michigan holds 18,512 shares. Neuberger Berman Group Incorporated Limited Liability Corp reported 0.2% stake. Creative Planning invested in 0.02% or 27,101 shares. Pillar Pacific Cap Management Limited Liability stated it has 0.47% in Martin Marietta Materials, Inc. (NYSE:MLM). Peak6 Invs Ltd Partnership has 21,814 shares for 0.02% of their portfolio. 3,800 are held by Louisiana State Employees Retirement. Highfields Cap Mgmt L P, Massachusetts-based fund reported 62,001 shares. Pnc Finance Service Grp Inc accumulated 38,747 shares. Kbc Grp Inc Nv invested in 4,977 shares.
More news for Martin Marietta Materials, Inc. (NYSE:MLM) were recently published by: Globenewswire.com, which released: “Martin Marietta Announces Second Quarter 2018 Earnings Conference Call” on July 20, 2018. Globenewswire.com‘s article titled: “Market Trends Toward New Normal in Medical Properties Trust, Calavo Growers, Pinnacle Entertainment, Systemax …” and published on August 08, 2018 is yet another important article.
Lodge Hill Capital Llc, which manages about $208.28 million and $877.30M US Long portfolio, decreased its stake in Vulcan Matls Co (NYSE:VMC) by 45,000 shares to 580,000 shares, valued at $66.22M in 2018Q1, according to the filing. It also reduced its holding in Caterpillar Inc Del (NYSE:CAT) by 85,000 shares in the quarter, leaving it with 156,500 shares, and cut its stake in Martin Marietta Matls Inc (Call) (NYSE:MLM).
Since February 15, 2018, it had 1 buying transaction, and 2 sales for $14.08 million activity. 2,970 shares were bought by Beshar Sarah, worth $98,960 on Tuesday, February 27. 422,860 shares valued at $14.01 million were sold by FLANAGAN MARTIN L on Monday, March 12. CAROME KEVIN M sold $834,500 worth of stock or 25,000 shares.
Zwj Investment Counsel Inc, which manages about $1.35 billion and $1.11B US Long portfolio, decreased its stake in Union Pac Corp (NYSE:UNP) by 5,052 shares to 2,825 shares, valued at $380,000 in 2018Q1, according to the filing. It also reduced its holding in Alphabet Inc by 2,045 shares in the quarter, leaving it with 3,101 shares, and cut its stake in Apple Inc (NASDAQ:AAPL).
Among 17 analysts covering Invesco (NYSE:IVZ), 11 have Buy rating, 0 Sell and 6 Hold. Therefore 65% are positive. Invesco had 90 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank maintained Invesco Ltd. (NYSE:IVZ) rating on Friday, January 8. Deutsche Bank has “Buy” rating and $36.0 target. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, July 27. On Tuesday, April 10 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Neutral” rating by UBS given on Monday, October 2. The stock has “Buy” rating by Jefferies on Wednesday, April 11. The firm earned “Overweight” rating on Friday, July 27 by JP Morgan. The stock of Invesco Ltd. (NYSE:IVZ) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, January 31. RBC Capital Markets maintained the shares of IVZ in report on Monday, October 2 with “Buy” rating. The rating was maintained by Barclays Capital with “Overweight” on Thursday, October 13. The stock of Invesco Ltd. (NYSE:IVZ) has “Buy” rating given on Friday, October 27 by Citigroup.
Another recent and important Invesco Ltd. (NYSE:IVZ) news was published by Seekingalpha.com which published an article titled: “Invesco Presents An Asymmetric Investment Opportunity” on July 30, 2018.
Investors sentiment decreased to 1.11 in 2018 Q1. Its down 0.20, from 1.31 in 2017Q4. It fall, as 54 investors sold IVZ shares while 165 reduced holdings. 56 funds opened positions while 188 raised stakes. 300.52 million shares or 2.47% less from 308.14 million shares in 2017Q4 were reported. Pinnacle Associates holds 0.14% or 216,039 shares. 15,958 were accumulated by Veritable L P. M&R Capital Mngmt Incorporated stated it has 256 shares or 0% of all its holdings. Schwab Charles Investment Mngmt Incorporated reported 1.53 million shares or 0.04% of all its holdings. Bokf Na stated it has 0.19% in Invesco Ltd. (NYSE:IVZ). State Of Tennessee Treasury Department holds 0.06% of its portfolio in Invesco Ltd. (NYSE:IVZ) for 381,105 shares. Todd Asset Mngmt Limited Liability accumulated 1.10M shares or 0.97% of the stock. 111,600 are owned by Intact Invest Mngmt. Tower Bridge Advsrs reported 0% of its portfolio in Invesco Ltd. (NYSE:IVZ). Valley National Advisers owns 310 shares. California Employees Retirement Systems stated it has 1.03M shares. Wunderlich Cap Managemnt has invested 0.21% in Invesco Ltd. (NYSE:IVZ). State Street has 18.45 million shares for 0.05% of their portfolio. 18,175 are held by Winfield Assocs Inc. Nomura Asset Mgmt owns 59,717 shares or 0.02% of their US portfolio.
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