Shares of Martin Marietta Materials, Inc. (NYSE:MLM) reached a new 52-week low on Tuesday . The stock traded as low as $188.12 and last traded at $189.31, with a volume of 17285 shares changing hands. The stock had previously closed at $190.59.

Several analysts recently weighed in on the stock. Citigroup dropped their target price on shares of Martin Marietta Materials from $262.00 to $250.00 and set a “buy” rating for the company in a report on Monday, July 30th. Stephens reiterated a “hold” rating and issued a $233.00 target price on shares of Martin Marietta Materials in a report on Wednesday, August 1st. ValuEngine downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. Stifel Nicolaus lifted their target price on shares of Martin Marietta Materials from $256.00 to $260.00 and gave the company a “buy” rating in a report on Friday, July 27th. Finally, Barclays set a $232.00 target price on shares of Martin Marietta Materials and gave the company a “hold” rating in a report on Thursday, May 31st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Martin Marietta Materials has a consensus rating of “Buy” and a consensus price target of $241.22.

The company has a market capitalization of $12.11 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.06. The company has a current ratio of 2.05, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Thursday, July 26th. The construction company reported $3.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.80 by $0.45. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Martin Marietta Materials had a net margin of 17.82% and a return on equity of 10.52%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.27 earnings per share. research analysts forecast that Martin Marietta Materials, Inc. will post 9.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Tuesday, September 4th will be paid a $0.48 dividend. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.44. The ex-dividend date is Friday, August 31st. This represents a $1.92 annualized dividend and a dividend yield of 1.01%. Martin Marietta Materials’s payout ratio is 26.74%.

In other Martin Marietta Materials news, SVP Donald A. Mccunniff sold 2,250 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $204.33, for a total value of $459,742.50. Following the completion of the transaction, the senior vice president now owns 12,649 shares in the company, valued at $2,584,570.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John J. Koraleski purchased 2,400 shares of the company’s stock in a transaction on Friday, July 27th. The stock was acquired at an average price of $208.06 per share, with a total value of $499,344.00. Following the purchase, the director now owns 4,750 shares of the company’s stock, valued at $988,285. The disclosure for this purchase can be found here. Insiders own 0.75% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Martin Marietta Materials by 1.3% during the 2nd quarter. BlackRock Inc. now owns 3,962,118 shares of the construction company’s stock worth $884,859,000 after purchasing an additional 51,674 shares during the last quarter. Morgan Stanley lifted its position in shares of Martin Marietta Materials by 27.9% during the 2nd quarter. Morgan Stanley now owns 3,492,115 shares of the construction company’s stock worth $779,894,000 after purchasing an additional 760,872 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Martin Marietta Materials by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,955,132 shares of the construction company’s stock worth $405,300,000 after purchasing an additional 45,493 shares during the last quarter. Select Equity Group L.P. lifted its position in shares of Martin Marietta Materials by 6.6% during the 2nd quarter. Select Equity Group L.P. now owns 1,937,854 shares of the construction company’s stock worth $432,781,000 after purchasing an additional 119,936 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Martin Marietta Materials by 37.9% during the 2nd quarter. FMR LLC now owns 1,831,320 shares of the construction company’s stock worth $408,988,000 after purchasing an additional 503,126 shares during the last quarter.

About Martin Marietta Materials (NYSE:MLM)

Martin Marietta Materials, Inc, a natural-resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company provides crushed stone, sand, and gravel products; ready mixed concrete, and asphalt and paving products; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.

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