Vulcan Materials (NYSE:VMC) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Vulcan Materials (NYSE:VMC) have been given an average rating of “Buy” by the nineteen ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $135.44.

Several brokerages have commented on VMC. Barclays restated a “buy” rating and set a $140.00 price objective on shares of Vulcan Materials in a research report on Monday, July 15th. Stifel Nicolaus boosted their price objective on shares of Vulcan Materials from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. SunTrust Banks boosted their price objective on shares of Vulcan Materials to $145.00 and gave the company a “buy” rating in a research report on Monday, July 29th. DA Davidson boosted their price objective on shares of Vulcan Materials to $150.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. They noted that the move was a valuation call. Finally, Royal Bank of Canada set a $142.00 price objective on shares of Vulcan Materials and gave the company a “buy” rating in a research report on Friday, July 26th.

VMC traded up $1.08 during trading on Friday, hitting $140.90. 28,017 shares of the stock traded hands, compared to its average volume of 859,079. Vulcan Materials has a twelve month low of $82.52 and a twelve month high of $144.23. The company has a market cap of $18.37 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 1.64 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.89 and a quick ratio of 1.23. The business has a 50 day moving average price of $138.45 and a 200 day moving average price of $127.05.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.45 by $0.03. Vulcan Materials had a net margin of 12.12% and a return on equity of 11.07%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the business earned $1.23 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. On average, equities research analysts predict that Vulcan Materials will post 4.84 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.31 per share. The ex-dividend date is Tuesday, August 20th. This represents a $1.24 annualized dividend and a dividend yield of 0.88%. Vulcan Materials’s dividend payout ratio (DPR) is presently 30.62%.

In other news, VP Randy L. Pigg sold 1,754 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $134.96, for a total transaction of $236,719.84. Following the completion of the transaction, the vice president now directly owns 3,034 shares in the company, valued at $409,468.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael R. Mills sold 1,326 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $136.05, for a total transaction of $180,402.30. Following the transaction, the insider now owns 51,713 shares of the company’s stock, valued at $7,035,553.65. The disclosure for this sale can be found here. Insiders have sold 9,287 shares of company stock valued at $1,260,033 over the last quarter. Company insiders own 0.79% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Patten & Patten Inc. TN boosted its position in Vulcan Materials by 0.9% during the second quarter. Patten & Patten Inc. TN now owns 8,579 shares of the construction company’s stock valued at $1,178,000 after acquiring an additional 75 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Vulcan Materials by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,757 shares of the construction company’s stock valued at $1,889,000 after acquiring an additional 82 shares during the last quarter. Veritable L.P. boosted its position in Vulcan Materials by 3.8% during the second quarter. Veritable L.P. now owns 2,261 shares of the construction company’s stock valued at $310,000 after acquiring an additional 82 shares during the last quarter. World Asset Management Inc boosted its position in Vulcan Materials by 1.0% during the second quarter. World Asset Management Inc now owns 9,209 shares of the construction company’s stock valued at $1,264,000 after acquiring an additional 90 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Vulcan Materials by 1.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 5,380 shares of the construction company’s stock valued at $740,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 95.62% of the company’s stock.

Vulcan Materials Company Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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