Shares of Martin Marietta Materials Inc. (NYSE:MLM) 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.

Several analysts have recently issued reports on the company. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Martin Marietta Materials in a report on Tuesday, April 26th. Zacks Investment Research upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $201.00 price objective for the company in a research report on Tuesday, June 28th. Bank of America Corp. restated a “buy” rating on shares of Martin Marietta Materials in a research report on Friday, June 17th. Alembic Global Advisors assumed coverage on Martin Marietta Materials in a research report on Thursday, June 9th. They set an “overweight” rating and a $220.00 price objective for the company. Finally, Jefferies Group restated a “hold” rating and set a $166.00 price objective on shares of Martin Marietta Materials in a research report on Tuesday, May 10th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $193.25.

The stock has a market capitalization of $12.50 billion and a PE ratio of 39.79. The company’s 50-day moving average is $187.55 and its 200-day moving average is $158.93.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 1st were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $1.60 annualized dividend and a dividend yield of 0.81%.

In other news, CAO Dana F. Guzzo sold 879 shares of Martin Marietta Materials stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $187.64, for a total value of $164,935.56. Following the completion of the transaction, the chief accounting officer now directly owns 17,022 shares in the company, valued at $3,194,008.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Anne H. Lloyd sold 9,031 shares of Martin Marietta Materials stock in a transaction on Monday, May 16th. The shares were sold at an average price of $186.76, for a total value of $1,686,629.56. Following the completion of the transaction, the chief financial officer now owns 68,624 shares of the company’s stock, valued at $12,816,218.24. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Martin Marietta Materials by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 5,697,147 shares of the company’s stock valued at $778,117,000 after buying an additional 267,213 shares during the period. Baillie Gifford & Co. boosted its position in shares of Martin Marietta Materials by 4.2% in the fourth quarter. Baillie Gifford & Co. now owns 3,549,066 shares of the company’s stock valued at $484,731,000 after buying an additional 141,524 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Martin Marietta Materials by 45.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 620,000 shares of the company’s stock valued at $84,680,000 after buying an additional 195,000 shares during the period. Morgan Stanley boosted its position in shares of Martin Marietta Materials by 42.3% in the fourth quarter. Morgan Stanley now owns 248,433 shares of the company’s stock valued at $33,931,000 after buying an additional 73,879 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Martin Marietta Materials by 4.9% in the fourth quarter. California Public Employees Retirement System now owns 159,794 shares of the company’s stock valued at $21,825,000 after buying an additional 7,400 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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