Smead Capital Management Has Lowered Nvr (NVR) Stake; Last Week Martin Marietta Materials, Inc. (MLM) Coverage

January 13, 2018 - By Marie Mckinney

Smead Capital Management Inc decreased Nvr Inc (NVR) stake by 8.82% reported in 2017Q3 SEC filing. Smead Capital Management Inc sold 4,570 shares as Nvr Inc (NVR)’s stock rose 22.66%. The Smead Capital Management Inc holds 47,219 shares with $134.81M value, down from 51,789 last quarter. Nvr Inc now has $13.31 billion valuation. The stock increased 0.21% or $7.34 during the last trading session, reaching $3558.23. About 41,283 shares traded or 37.77% up from the average. NVR, Inc. (NYSE:NVR) has risen 38.86% since January 13, 2017 and is uptrending. It has outperformed by 22.16% the S&P500.

Among 13 analysts covering Martin Marietta (NYSE:MLM), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Martin Marietta had 25 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Monday, August 21 by Jefferies. Goldman Sachs maintained Martin Marietta Materials, Inc. (NYSE:MLM) on Wednesday, June 8 with “Buy” rating. The firm earned “Buy” rating on Wednesday, September 6 by Stifel Nicolaus. The stock has “Buy” rating by Suntrust Robinson on Wednesday, October 26. Barclays Capital initiated Martin Marietta Materials, Inc. (NYSE:MLM) on Tuesday, December 12 with “Hold” rating. The company was upgraded on Monday, April 3 by Cleveland. The firm has “Neutral” rating given on Wednesday, November 16 by Bank of America. As per Thursday, October 19, the company rating was maintained by Bank of America. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Neutral” rating by Goldman Sachs on Tuesday, October 11. Citigroup maintained Martin Marietta Materials, Inc. (NYSE:MLM) rating on Monday, October 9. Citigroup has “Buy” rating and $260 target. See Martin Marietta Materials, Inc. (NYSE:MLM) latest ratings:

03/01/2018 Broker: Stephens Rating: Hold New Target: $250.0 Maintain
12/12/2017 Broker: Barclays Capital Rating: Hold New Target: $227.0 Initiate
03/11/2017 Broker: DA Davidson Rating: Hold New Target: $225.0
26/10/2017 Broker: SunTrust Rating: Buy New Target: $228.0 Maintain
19/10/2017 Broker: Bank of America Rating: Neutral Old Target: $233 New Target: $229 Maintain
11/10/2017 Broker: Jefferies Rating: Buy New Target: $240.0 Initiate
09/10/2017 Broker: Citigroup Rating: Buy Old Target: $270 New Target: $260 Maintain
06/09/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $265.0 Maintain
21/08/2017 Broker: Jefferies Rating: Hold New Target: $166.0 Maintain

Martin Marietta Materials, Inc., together with its subsidiaries, supplies aggregates products and heavy building materials for the construction industry in the United States and internationally. The company has market cap of $14.51 billion. The firm mines, processes, and sells granite, limestone, sand, gravel, and other aggregate products for use in the public infrastructure, and nonresidential and residential construction industries, as well as in the agriculture, railroad ballast, chemical, and other applications. It has a 33.7 P/E ratio. It also offers asphalt products, ready mixed concrete, and road paving construction services; and produces Portland and specialty cements for use in infrastructure projects, and nonresidential and residential construction, as well as in the railroad, agricultural, utility, and environmental industries.

The stock increased 0.49% or $1.12 during the last trading session, reaching $230.76. About 479,369 shares traded. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 23.49% since January 13, 2017 and is uptrending. It has outperformed by 6.79% the S&P500.

Investors sentiment increased to 1.28 in Q3 2017. Its up 0.30, from 0.98 in 2017Q2. It is positive, as 40 investors sold Martin Marietta Materials, Inc. shares while 130 reduced holdings. 53 funds opened positions while 165 raised stakes. 59.73 million shares or 1.72% more from 58.73 million shares in 2017Q2 were reported. Voya Investment Limited Liability Corp reported 43,821 shares or 0.02% of all its holdings. State Street Corp has invested 0.05% in Martin Marietta Materials, Inc. (NYSE:MLM). Dimensional Fund Advsr Lp owns 0.03% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 383,160 shares. Tocqueville Asset Mngmt L P owns 1,475 shares or 0% of their US portfolio. Great Lakes Limited Liability Company holds 0.01% or 1,516 shares in its portfolio. Private Wealth Ptnrs Lc owns 4,325 shares for 0.18% of their portfolio. Skylands Capital Limited Company owns 14,875 shares. Morgan Stanley holds 0.11% or 1.84M shares in its portfolio. Pennsylvania-based Susquehanna Gru Llp has invested 0% in Martin Marietta Materials, Inc. (NYSE:MLM). Comm Bancorporation has invested 0.01% in Martin Marietta Materials, Inc. (NYSE:MLM). Colonial Advsrs has 0.53% invested in Martin Marietta Materials, Inc. (NYSE:MLM). Bb&T owns 1,122 shares. Nokota L P reported 0.28% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). Salem Investment Counselors Inc holds 0.32% in Martin Marietta Materials, Inc. (NYSE:MLM) or 13,363 shares. Mason Street Advisors Ltd Liability Company reported 8,723 shares.

Since August 14, 2017, it had 0 buys, and 2 insider sales for $1.33 million activity. Grier Eddie Arthur had sold 165 shares worth $442,573. Shares for $887,273 were sold by DONAHUE TIMOTHY M on Monday, August 14.

Investors sentiment decreased to 1.18 in Q3 2017. Its down 0.39, from 1.57 in 2017Q2. It worsened, as 20 investors sold NVR shares while 113 reduced holdings. 55 funds opened positions while 102 raised stakes. 2.85 million shares or 2.57% less from 2.92 million shares in 2017Q2 were reported. Atlantic Trust Grp Ltd Liability Company owns 0.01% invested in NVR, Inc. (NYSE:NVR) for 408 shares. Macquarie Gp owns 0% invested in NVR, Inc. (NYSE:NVR) for 370 shares. Victory Cap Mgmt invested 0.28% in NVR, Inc. (NYSE:NVR). Envestnet Asset accumulated 0% or 701 shares. Invesco has invested 0.02% in NVR, Inc. (NYSE:NVR). Wafra Investment Advisory Group Inc Inc Ny invested 0.09% of its portfolio in NVR, Inc. (NYSE:NVR). The Connecticut-based Bradley Foster And Sargent Incorporated Ct has invested 0.15% in NVR, Inc. (NYSE:NVR). Shell Asset Company, Netherlands-based fund reported 1,025 shares. Ameritas Prns Inc reported 1,043 shares or 0.13% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) owns 679 shares. 100 were accumulated by Whalerock Point Prtn Ltd. Convergence Inv Partners Ltd Llc invested in 0.18% or 438 shares. Amp Invsts Limited accumulated 3,718 shares or 0.06% of the stock. Swiss Natl Bank reported 13,170 shares. Columbia Wanger Asset Mngmt Llc owns 0.51% invested in NVR, Inc. (NYSE:NVR) for 12,150 shares.

Analysts await NVR, Inc. (NYSE:NVR) to report earnings on January, 24. They expect $48.95 EPS, up 29.50% or $11.15 from last year’s $37.8 per share. NVR’s profit will be $183.06M for 18.17 P/E if the $48.95 EPS becomes a reality. After $38.02 actual EPS reported by NVR, Inc. for the previous quarter, Wall Street now forecasts 28.75% EPS growth.

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