Martin Marietta Materials Inc. (NYSE:MLM)’s share price hit a new 52-week high on Monday . The stock traded as high as $200.30 and last traded at $200.05, with a volume of 449,075 shares changing hands. The stock had previously closed at $197.57.

Several brokerages have recently weighed in on MLM. Zacks Investment Research lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Alembic Global Advisors began coverage on shares of Martin Marietta Materials in a report on Thursday, June 9th. They set an “overweight” rating and a $220.00 price objective on the stock. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $209.00 price objective (up previously from $191.00) on shares of Martin Marietta Materials in a report on Wednesday, June 8th. Bank of America Corp. reiterated a “buy” rating on shares of Martin Marietta Materials in a report on Friday, June 17th. Finally, Jefferies Group reiterated a “hold” rating and set a $166.00 price objective on shares of Martin Marietta Materials in a report on Tuesday, May 10th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $198.14.

The stock has a 50 day moving average price of $188.80 and a 200 day moving average price of $161.62. The stock has a market capitalization of $12.70 billion and a price-to-earnings ratio of 40.46.

Martin Marietta Materials (NYSE:MLM) last announced 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 earned $734 million during the quarter, compared to the consensus estimate of $657.46 million. During the same period last year, the business earned $0.07 EPS. Martin Marietta Materials’s revenue was up 16.2% on a year-over-year basis. On average, analysts predict 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. Shareholders of record on Wednesday, June 1st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Friday, May 27th.

In related news, CFO Anne H. Lloyd sold 9,031 shares of Martin Marietta Materials stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $186.76, for a total transaction of $1,686,629.56. Following the completion of the transaction, the chief financial officer now directly owns 68,624 shares of the company’s stock, valued at approximately $12,816,218.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen P. Zelnak, Jr. sold 3,000 shares of Martin Marietta Materials stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $188.90, for a total transaction of $566,700.00. Following the transaction, the director now directly owns 16,689 shares of the company’s stock, valued at $3,152,552.10. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of MLM. Freestone Capital Holdings LLC boosted its position in shares of 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 during the period. Andra AP fonden boosted its position in shares of 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 during the period. ProShare Advisors LLC boosted its position in shares of 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 during the period. Aberdeen Asset Management PLC UK boosted its position in shares of Martin Marietta Materials by 34.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 12,665 shares of the company’s stock worth $1,930,000 after buying an additional 3,270 shares during the period. Finally, Gulf International Bank UK Ltd boosted its position in shares of 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 worth $2,182,000 after buying an additional 90 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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