Crossmark Global Holdings Inc. Has $786,000 Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Crossmark Global Holdings Inc. decreased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 37.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,643 shares of the construction company's stock after selling 968 shares during the period. Crossmark Global Holdings Inc.'s holdings in Martin Marietta Materials were worth $786,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC bought a new position in Martin Marietta Materials during the fourth quarter worth about $235,000. Waverly Advisors LLC lifted its stake in Martin Marietta Materials by 78.9% during the fourth quarter. Waverly Advisors LLC now owns 1,041 shares of the construction company's stock worth $538,000 after purchasing an additional 459 shares during the period. Mather Group LLC. lifted its stake in Martin Marietta Materials by 65.5% during the first quarter. Mather Group LLC. now owns 278 shares of the construction company's stock worth $133,000 after purchasing an additional 110 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Martin Marietta Materials by 1.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,007 shares of the construction company's stock worth $1,457,000 after purchasing an additional 40 shares during the period. Finally, Vontobel Holding Ltd. increased its holdings in shares of Martin Marietta Materials by 30.5% during the first quarter. Vontobel Holding Ltd. now owns 933 shares of the construction company's stock worth $446,000 after buying an additional 218 shares in the last quarter. Institutional investors own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

MLM has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Seaport Res Ptn raised shares of Martin Marietta Materials to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank Of Canada initiated coverage on shares of Martin Marietta Materials in a report on Monday, June 16th. They set a "sector perform" rating and a $515.00 price objective for the company. Morgan Stanley raised their price objective on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $640.00 to $560.00 in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $603.86.

Martin Marietta Materials Trading Down 0.5%

MLM traded down $3.01 during trading on Friday, reaching $561.37. 269,548 shares of the company's stock were exchanged, compared to its average volume of 476,934. The company's fifty day moving average price is $551.11 and its 200-day moving average price is $520.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 2.25. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23. The firm has a market capitalization of $33.84 billion, a PE ratio of 32.34, a P/E/G ratio of 5.10 and a beta of 0.87.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.88 by $0.02. Martin Marietta Materials had a net margin of 16.07% and a return on equity of 12.01%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business earned $1.93 EPS. The business's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Monday, June 2nd. Martin Marietta Materials's dividend payout ratio is presently 18.20%.

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.