Martin Marietta Materials, Inc. $MLM Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 39.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,356 shares of the construction company’s stock after purchasing an additional 949 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Martin Marietta Materials were worth $2,090,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MLM. Optima Capital LLC acquired a new stake in shares of Martin Marietta Materials during the fourth quarter valued at $25,000. Quent Capital LLC acquired a new position in Martin Marietta Materials in the 3rd quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Martin Marietta Materials in the 3rd quarter valued at about $27,000. Redmont Wealth Advisors LLC purchased a new position in Martin Marietta Materials in the 3rd quarter valued at about $32,000. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth about $33,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on MLM. Citigroup cut their price objective on shares of Martin Marietta Materials from $804.00 to $731.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Zacks Research upgraded shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $785.00 price target on shares of Martin Marietta Materials in a report on Thursday, February 26th. UBS Group set a $739.00 price target on Martin Marietta Materials in a research note on Sunday. Finally, Weiss Ratings downgraded Martin Marietta Materials from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $689.81.

Martin Marietta Materials Trading Down 0.7%

Shares of MLM stock opened at $586.24 on Tuesday. The firm’s 50-day simple moving average is $606.95 and its 200-day simple moving average is $626.77. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.28 and a quick ratio of 1.11. Martin Marietta Materials, Inc. has a 1-year low of $532.80 and a 1-year high of $710.97. The firm has a market cap of $35.20 billion, a P/E ratio of 13.97, a PEG ratio of 2.15 and a beta of 1.13.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.31 billion. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. Martin Marietta Materials’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.90 earnings per share. As a group, equities analysts forecast that Martin Marietta Materials, Inc. will post 19.27 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, March 2nd. Martin Marietta Materials’s dividend payout ratio is presently 7.91%.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.