Martin Marietta Materials Inc. (NYSE:MLM) shares traded up 4% on Wednesday . The company traded as high as $194.71 and last traded at $194.20, with a volume of 452,761 shares trading hands. The stock had previously closed at $186.77.

A number of research analysts recently weighed in on the stock. Goldman Sachs Group Inc. raised their price target on shares of Martin Marietta Materials from $180.00 to $185.00 in a research note on Friday, April 8th. Zacks Investment Research lowered shares of Martin Marietta Materials from a “buy” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus raised their price target on shares of Martin Marietta Materials from $181.00 to $193.00 and gave the company a “buy” rating in a research note on Monday, May 9th. Jefferies Group reiterated a “hold” rating and issued a $166.00 price objective on shares of Martin Marietta Materials in a report on Tuesday, May 10th. Finally, Alembic Global Advisors started coverage on shares of Martin Marietta Materials in a report on Thursday, June 9th. They issued an “overweight” rating and a $220.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $193.25.

The stock has a market capitalization of $12.38 billion and a price-to-earnings ratio of 39.43. The stock has a 50 day moving average price of $186.66 and a 200 day moving average price of $157.99.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.33. The firm had revenue of $734 million for the quarter, compared to analyst estimates of $657.46 million. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. Analysts forecast that Martin Marietta Materials Inc. will post $7.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 1st were paid a dividend of $0.40 per share. The ex-dividend date was Friday, May 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.82%.

In related news, Director Stephen P. Zelnak, Jr. sold 10,953 shares of the business’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $187.14, for a total transaction of $2,049,744.42. Following the sale, the director now owns 48,558 shares of the company’s stock, valued at $9,087,144.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sue W. Cole sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $187.44, for a total transaction of $562,320.00. Following the sale, the director now directly owns 21,853 shares in the company, valued at approximately $4,096,126.32. The disclosure for this sale can be found here.

Other hedge funds recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC increased its stake in Martin Marietta Materials by 4.8% in the fourth quarter. Freestone Capital Holdings LLC now owns 8,178 shares of the company’s stock worth $1,117,000 after buying an additional 375 shares in the last quarter. CIBC Asset Management Inc increased its stake in Martin Marietta Materials by 10.3% in the fourth quarter. CIBC Asset Management Inc now owns 8,354 shares of the company’s stock worth $1,141,000 after buying an additional 780 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Martin Marietta Materials by 53.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,015 shares of the company’s stock worth $1,368,000 after buying an additional 3,500 shares in the last quarter. Andra AP fonden increased its stake in Martin Marietta Materials by 292.9% in the fourth quarter. Andra AP fonden now owns 11,000 shares of the company’s stock worth $1,502,000 after buying an additional 8,200 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Martin Marietta Materials by 29.2% in the fourth quarter. ProShare Advisors LLC now owns 13,985 shares of the company’s stock worth $1,910,000 after buying an additional 3,163 shares in the last quarter.

Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) and heavy building materials (cement) for the construction industry, including infrastructure, non-residential, residential, railroad ballast, agricultural and chemical grade stone used in environmental applications.

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