Martin Marietta Materials, Inc. (NYSE:MLM) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $167.63 and last traded at $170.19, with a volume of 11654 shares. The stock had previously closed at $168.59.

Several brokerages have commented on MLM. Citigroup lowered their target price on Martin Marietta Materials from $262.00 to $250.00 and set a “buy” rating for the company in a research note on Monday, July 30th. Stephens reissued a “hold” rating and set a $233.00 target price on shares of Martin Marietta Materials in a research note on Wednesday, August 1st. ValuEngine downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. Stifel Nicolaus boosted their target price on Martin Marietta Materials from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Finally, DA Davidson set a $200.00 target price on Martin Marietta Materials and gave the stock a “hold” rating in a research note on Thursday, October 11th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $236.13.

The company has a debt-to-equity ratio of 0.60, a current ratio of 2.05 and a quick ratio of 1.14. The company has a market cap of $11.47 billion, a PE ratio of 23.58, a P/E/G ratio of 1.37 and a beta of 1.08.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Thursday, July 26th. The construction company reported $3.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.80 by $0.45. Martin Marietta Materials had a return on equity of 10.52% and a net margin of 17.82%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. On average, equities research analysts predict that Martin Marietta Materials, Inc. will post 9.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Tuesday, September 4th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $1.92 annualized dividend and a dividend yield of 1.12%. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.44. Martin Marietta Materials’s dividend payout ratio is currently 26.74%.

In other news, Director John J. Koraleski acquired 2,400 shares of the stock in a transaction dated Friday, July 27th. The stock was bought at an average price of $208.06 per share, with a total value of $499,344.00. Following the completion of the purchase, the director now directly owns 4,750 shares of the company’s stock, valued at approximately $988,285. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Donald A. Mccunniff sold 2,250 shares of the company’s stock in a transaction that occurred 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 directly owns 12,649 shares of the company’s stock, valued at approximately $2,584,570.17. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new stake in Martin Marietta Materials during the 2nd quarter valued at approximately $128,000. Piedmont Investment Advisors LLC acquired a new stake in Martin Marietta Materials during the 2nd quarter valued at approximately $160,000. Putnam Investments LLC acquired a new stake in Martin Marietta Materials during the 2nd quarter valued at approximately $203,000. Sawtooth Solutions LLC acquired a new stake in Martin Marietta Materials during the 2nd quarter valued at approximately $205,000. Finally, Visionary Asset Management Inc. acquired a new stake in Martin Marietta Materials during the 2nd quarter valued at approximately $217,000.

Martin Marietta Materials Company Profile (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.

Recommended Story: What are trading strategies for the 52-week high/low?

Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.