Martin Marietta Materials Inc. (NYSE:MLM) saw an uptick in trading volume on Monday . 596,152 shares traded hands during mid-day trading, an increase of 17% from the previous session’s volume of 508,358 shares.The stock last traded at $196.55 and had previously closed at $202.65.

A number of brokerages have commented on MLM. Jefferies Group reaffirmed a “hold” rating on shares of Martin Marietta Materials in a research note on Monday. Zacks Investment Research cut Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Bank of America Corp. reaffirmed a “buy” rating on shares of Martin Marietta Materials in a research note on Friday, June 17th. Alembic Global Advisors began coverage on Martin Marietta Materials in a research note on Thursday, June 9th. They issued an “overweight” rating and a $220.00 price target on the stock. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $209.00 price target (up from $191.00) on shares of Martin Marietta Materials in a research note on Wednesday, June 8th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $198.14.

The firm has a market cap of $12.47 billion and a PE ratio of 39.71. The stock’s 50-day moving average is $192.16 and its 200-day moving average is $166.60.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.33. The firm had revenue of $734 million for the quarter, compared to the consensus estimate of $657.46 million. Martin Marietta Materials’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. Equities analysts anticipate that Martin Marietta Materials Inc. will post $7.34 EPS for the current fiscal year.

In other news, Director Stephen P. Zelnak, Jr. sold 10,953 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $187.14, for a total value of $2,049,744.42. Following the completion of the sale, the director now directly owns 48,558 shares of the company’s stock, valued at approximately $9,087,144.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Dana F. Guzzo sold 213 shares of the firm’s stock in a transaction that occurred on 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 directly owns 15,734 shares of the company’s stock, valued at $2,976,872.80. The disclosure for this sale can be found here.

Several large investors recently bought and sold shares of the stock. Comerica Bank raised 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 last quarter. Vanguard Group Inc. raised its stake in 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 last quarter. Gulf International Bank UK Ltd raised 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 last quarter. Morgan Stanley raised its stake in 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 last quarter. Finally, Wells Fargo & Company MN raised its stake in 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 last quarter.

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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