Vulcan Materials Company (NYSE:VMC – Get Free Report)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $245.89 and last traded at $244.6310, with a volume of 508128 shares traded. The stock had previously closed at $249.20.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of Vulcan Materials in a report on Wednesday, July 15th. Citigroup lowered shares of Vulcan Materials from a “buy” rating to a “cautious” rating in a report on Wednesday, September 9th. Royal Bank Of Canada upped their target price on Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Vulcan Materials in a research note on Tuesday, July 7th. Finally, Berenberg Bank set a $283.00 price target on Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $325.00.
Check Out Our Latest Research Report on Vulcan Materials
Vulcan Materials Trading Down 2.1%
Vulcan Materials (NYSE:VMC – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.46 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.42 EPS. On average, research analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current year.
Vulcan Materials Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Vulcan Materials’s payout ratio is currently 24.56%.
Insiders Place Their Bets
In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $285.10, for a total transaction of $570,200.00. Following the sale, the senior vice president directly owned 6,716 shares of the company’s stock, valued at approximately $1,914,731.60. This trade represents a 22.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director J. Hill sold 14,000 shares of Vulcan Materials stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $276.17, for a total value of $3,866,380.00. Following the transaction, the director owned 58,209 shares of the company’s stock, valued at $16,075,579.53. The trade was a 19.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.65% of the company’s stock.
Institutional Trading of Vulcan Materials
Several hedge funds and other institutional investors have recently bought and sold shares of VMC. 4WEALTH Advisors Inc. increased its holdings in Vulcan Materials by 3.2% in the first quarter. 4WEALTH Advisors Inc. now owns 1,261 shares of the construction company’s stock valued at $337,000 after buying an additional 39 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Vulcan Materials by 28.2% during the 4th quarter. Harbour Investments Inc. now owns 182 shares of the construction company’s stock worth $52,000 after acquiring an additional 40 shares in the last quarter. Manchester Capital Management LLC grew its position in shares of Vulcan Materials by 23.4% during the 4th quarter. Manchester Capital Management LLC now owns 211 shares of the construction company’s stock valued at $60,000 after acquiring an additional 40 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in shares of Vulcan Materials by 4.8% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 894 shares of the construction company’s stock valued at $255,000 after acquiring an additional 41 shares during the period. Finally, Anchyra Partners LLC grew its position in shares of Vulcan Materials by 5.7% during the 1st quarter. Anchyra Partners LLC now owns 784 shares of the construction company’s stock valued at $213,000 after acquiring an additional 42 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.
Vulcan Materials Company Profile
Vulcan Materials Company (NYSE:VMC) is a major U.S. producer and supplier of construction materials. The company’s primary business is aggregates, including crushed stone, sand and gravel, which are used in roads, bridges, buildings and other infrastructure projects.
Vulcan also produces and distributes asphalt and ready-mixed concrete, as well as calcium products used in construction, industrial and other applications. Its products are sold to public-sector customers, contractors, commercial developers and other businesses involved in construction and infrastructure development.
Founded in 1909 and headquartered in Birmingham, Alabama, Vulcan Materials has expanded through organic growth and acquisitions to operate production facilities, distribution terminals and related assets across much of the United States.
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