Martin Marietta Materials Inc. (NYSE:MLM)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $201.10 and last traded at $201.05, with a volume of 150,406 shares. The stock had previously closed at $198.69.

Several equities analysts have weighed in on the stock. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Martin Marietta Materials in a research report on Tuesday, April 26th. Zacks Investment Research cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Alembic Global Advisors assumed coverage on shares of Martin Marietta Materials in a research report on Thursday, June 9th. They set an “overweight” rating and a $220.00 price objective on the stock. Jefferies Group reiterated a “hold” rating and set a $166.00 price objective on shares of Martin Marietta Materials in a research report on Tuesday, May 10th. Finally, Bank of America Corp. restated a “buy” rating on shares of Martin Marietta Materials in a report on Friday, June 17th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $198.14.

The stock has a 50 day moving average price of $190.18 and a 200 day moving average price of $163.81. The firm has a market capitalization of $12.82 billion and a PE ratio of 40.84.

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

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

In other Martin Marietta Materials news, CAO Dana F. Guzzo sold 213 shares of Martin Marietta Materials stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $189.20, for a total value of $40,299.60. Following the completion of the sale, the chief accounting officer now owns 15,734 shares in the company, valued at approximately $2,976,872.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Dana F. Guzzo sold 879 shares of Martin Marietta Materials stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $187.64, for a total transaction of $164,935.56. Following the completion of the sale, the chief accounting officer now owns 17,022 shares of the company’s stock, valued at approximately $3,194,008.08. The disclosure for this sale can be found here.

A number of hedge funds have modified their holdings of MLM. Vanguard Group Inc. boosted its stake 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. State of New Jersey Common Pension Fund D boosted its stake 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 stake 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. Wells Fargo & Company MN boosted its stake in shares of Martin Marietta Materials by 28.7% in the fourth quarter. Wells Fargo & Company MN now owns 105,627 shares of the company’s stock valued at $14,426,000 after buying an additional 23,572 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Martin Marietta Materials during the fourth quarter valued at $4,262,000.

Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand and gravel) for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business.

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