Crossmark Global Holdings Inc. decreased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 27.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,257 shares of the construction company’s stock after selling 2,394 shares during the period. Crossmark Global Holdings Inc.’s holdings in Martin Marietta Materials were worth $1,383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MLM. Iridian Asset Management LLC CT raised its holdings in shares of Martin Marietta Materials by 54.6% in the third quarter. Iridian Asset Management LLC CT now owns 1,785,402 shares of the construction company’s stock valued at $368,203,000 after purchasing an additional 630,357 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Martin Marietta Materials by 22.1% in the third quarter. JPMorgan Chase & Co. now owns 1,578,296 shares of the construction company’s stock valued at $323,552,000 after purchasing an additional 285,376 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Martin Marietta Materials by 20.5% in the third quarter. Principal Financial Group Inc. now owns 1,660,752 shares of the construction company’s stock valued at $342,497,000 after purchasing an additional 282,189 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Martin Marietta Materials by 18,467.9% in the third quarter. Neuberger Berman Group LLC now owns 269,606 shares of the construction company’s stock valued at $55,601,000 after purchasing an additional 268,154 shares during the last quarter. Finally, CI Investments Inc. purchased a new stake in shares of Martin Marietta Materials in the third quarter valued at about $54,546,000. Hedge funds and other institutional investors own 98.23% of the company’s stock.

Shares of Martin Marietta Materials, Inc. (NYSE MLM) opened at $215.70 on Thursday. Martin Marietta Materials, Inc. has a 1-year low of $191.09 and a 1-year high of $244.32. The company has a current ratio of 2.73, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. The stock has a market cap of $13,560.00, a PE ratio of 31.49, a P/E/G ratio of 2.22 and a beta of 1.10.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Tuesday, February 13th. The construction company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.46. Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The business had revenue of $911.30 million during the quarter, compared to the consensus estimate of $924.30 million. During the same quarter last year, the company posted $1.55 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. analysts forecast that Martin Marietta Materials, Inc. will post 6.73 EPS for the current fiscal year.

Several analysts have recently commented on MLM shares. Bank of America lowered their target price on shares of Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating for the company in a report on Thursday, October 19th. Stephens reiterated a “hold” rating and issued a $250.00 target price on shares of Martin Marietta Materials in a report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a report on Friday, January 19th. SunTrust Banks reiterated a “buy” rating and issued a $228.00 target price on shares of Martin Marietta Materials in a report on Friday, October 27th. Finally, Citigroup increased their target price on shares of Martin Marietta Materials from $245.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $243.25.

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Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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