Crossmark Global Holdings Inc. Sells 365 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Crossmark Global Holdings Inc. cut its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 5.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,005 shares of the construction company’s stock after selling 365 shares during the period. Crossmark Global Holdings Inc.’s holdings in Martin Marietta Materials were worth $3,795,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in shares of Martin Marietta Materials by 49,790.8% during the 4th quarter. International Assets Investment Management LLC now owns 59,869 shares of the construction company’s stock valued at $29,869,000 after acquiring an additional 59,749 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in Martin Marietta Materials by 3.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 3,645 shares of the construction company’s stock worth $1,818,000 after purchasing an additional 119 shares during the period. Russell Investments Group Ltd. raised its stake in Martin Marietta Materials by 1.7% during the 4th quarter. Russell Investments Group Ltd. now owns 68,683 shares of the construction company’s stock valued at $34,251,000 after buying an additional 1,156 shares during the last quarter. Gilbert & Cook Inc. lifted its holdings in shares of Martin Marietta Materials by 3.1% during the 4th quarter. Gilbert & Cook Inc. now owns 1,436 shares of the construction company’s stock valued at $716,000 after buying an additional 43 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of Martin Marietta Materials by 6.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 923 shares of the construction company’s stock worth $460,000 after buying an additional 59 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 1.9 %

Shares of MLM opened at $534.05 on Friday. The business’s 50 day moving average is $545.93 and its 200 day moving average is $570.49. The company has a current ratio of 3.16, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44. Martin Marietta Materials, Inc. has a 12-month low of $389.90 and a 12-month high of $626.67. The company has a market capitalization of $32.92 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 3.12 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Thursday, August 8th. The construction company reported $4.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.36 by ($0.60). The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.83 billion. Martin Marietta Materials had a net margin of 31.35% and a return on equity of 14.74%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.60 EPS. Research analysts expect that Martin Marietta Materials, Inc. will post 22.86 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd will be paid a $0.79 dividend. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.74. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, September 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.36%.

Analysts Set New Price Targets

A number of analysts recently commented on MLM shares. Citigroup reduced their price objective on Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Loop Capital lowered their price objective on shares of Martin Marietta Materials from $630.00 to $615.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Truist Financial cut their target price on shares of Martin Marietta Materials from $700.00 to $670.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus decreased their price target on shares of Martin Marietta Materials from $650.00 to $630.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of Martin Marietta Materials from $660.00 to $665.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $629.82.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.