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Martin Marietta Materials (NYSE:MLM) was downgraded by equities researchers at Ned Davis Research from a “neutral” rating to a “sell” rating in a research report issued on Monday, ARN reports.

Martin Marietta Materials (NYSE:MLM) traded down 1.31% during mid-day trading on Monday, hitting $102.95. 498,518 shares of the company’s stock traded hands. Martin Marietta Materials has a one year low of $93.03 and a one year high of $115.00. The stock has a 50-day moving average of $101.0 and a 200-day moving average of $99.59. The company has a market cap of $4.761 billion and a price-to-earnings ratio of 45.20.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.47 by $0.07. The company had revenue of $600.50 million for the quarter, compared to the consensus estimate of $640.85 million. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts predict that Martin Marietta Materials will post $2.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Investors of record on Monday, March 3rd will be paid a dividend of 0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, February 27th.

Martin Marietta Materials, Inc is the producer of aggregates products (NYSE:MLM) for the construction industry, including infrastructure, nonresidential, residential, railroad ballast, agricultural, and chemical grade stone used in environmental applications.

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