Vulcan Materials Company (NYSE:VMC – Get Free Report) has received an average recommendation of “Hold” from the fifteen brokerages that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $326.9231.
Several equities research analysts recently commented on VMC shares. Wells Fargo & Company lifted their target price on shares of Vulcan Materials from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Oppenheimer assumed coverage on Vulcan Materials in a report on Thursday, May 28th. They issued a “market perform” rating for the company. Zacks Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. restated a “neutral” rating and set a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada upped their target price on Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th.
View Our Latest Stock Report on VMC
Vulcan Materials Stock Up 0.6%
Vulcan Materials (NYSE:VMC – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts anticipate that Vulcan Materials will post 9.29 EPS for the current year.
Vulcan Materials Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio is 24.73%.
Institutional Investors Weigh In On Vulcan Materials
Several large investors have recently made changes to their positions in the business. Chesapeake Capital Corp IL grew its position in shares of Vulcan Materials by 0.9% during the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock valued at $1,059,000 after acquiring an additional 33 shares during the period. Composition Wealth LLC increased its position in Vulcan Materials by 3.5% in the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after buying an additional 34 shares during the last quarter. Capital Investment Advisors LLC raised its stake in shares of Vulcan Materials by 5.5% in the fourth quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock valued at $206,000 after buying an additional 38 shares during the period. Truist Financial Corp increased its holdings in Vulcan Materials by 0.3% in the 4th quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after acquiring an additional 38 shares during the last quarter. Finally, United Capital Financial Advisors LLC lifted its holdings in Vulcan Materials by 1.2% during the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after purchasing an additional 38 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.
Vulcan Materials Company Profile
Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.
Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.
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