Martin Marietta Materials Inc. (NYSE:MLM) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $195.80 and last traded at $195.36, with a volume of 373,678 shares traded. The stock had previously closed at $194.92.

MLM has been the subject of several research analyst reports. Bank of America Corp. restated a “buy” rating on shares of Martin Marietta Materials in a report on Thursday, March 17th. Goldman Sachs Group Inc. upped their price objective on Martin Marietta Materials from $180.00 to $185.00 in a report on Friday, April 8th. Zacks Investment Research upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a report on Tuesday, April 12th. Stifel Nicolaus upped their price objective on Martin Marietta Materials from $181.00 to $193.00 and gave the company a “buy” rating in a report on Monday, May 9th. Finally, Jefferies Group restated a “hold” rating and issued a $166.00 price objective on shares of Martin Marietta Materials in a report on Tuesday, May 10th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $193.25.

The company’s 50 day moving average is $186.92 and its 200 day moving average is $158.26. The company has a market capitalization of $12.34 billion and a price-to-earnings ratio of 39.28.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.33. During the same period in the prior year, the business earned $0.07 earnings per share. The business had revenue of $734 million for the quarter, compared to analyst estimates of $657.46 million. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, analysts anticipate that Martin Marietta Materials Inc. will post $7.35 EPS for the current year.

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

In other news, EVP Roselyn R. Bar sold 7,342 shares of Martin Marietta Materials stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $187.97, for a total value of $1,380,075.74. Following the completion of the sale, the executive vice president now directly owns 53,340 shares of the company’s stock, valued at approximately $10,026,319.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sue W. Cole sold 3,000 shares of Martin Marietta Materials stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $187.44, for a total value of $562,320.00. Following the completion of the sale, the director now directly owns 21,853 shares of the company’s stock, valued at $4,096,126.32. The disclosure for this sale can be found here.

Other large investors have recently added to or reduced their stakes in the company. Gulf International Bank UK Ltd boosted its stake in Martin Marietta Materials by 0.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 15,975 shares of the company’s stock valued at $2,182,000 after buying an additional 90 shares during the period. Great West Life Assurance Co. Can boosted its stake in Martin Marietta Materials by 0.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 29,040 shares of the company’s stock valued at $3,968,000 after buying an additional 237 shares during the period. Freestone Capital Holdings LLC boosted 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 valued at $1,117,000 after buying an additional 375 shares during the period. Strs Ohio boosted its stake in Martin Marietta Materials by 1.2% in the fourth quarter. Strs Ohio now owns 42,887 shares of the company’s stock valued at $5,857,000 after buying an additional 520 shares during the period. Finally, Comerica Bank boosted its stake in Martin Marietta Materials by 3.8% in the fourth quarter. Comerica Bank now owns 20,354 shares of the company’s stock valued at $2,567,000 after buying an additional 744 shares during the period.

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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