Shares of Vulcan Materials Company (NYSE:VMC – Get Free Report) have received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $329.6154.
Several equities research analysts recently commented on VMC shares. Morgan Stanley cut their price objective on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Zacks Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Stephens increased their price objective on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Citigroup dropped their target price on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, Barclays boosted their target price on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th.
Read Our Latest Research Report on VMC
Vulcan Materials Price Performance
Vulcan Materials (NYSE:VMC – Get Free Report) last announced 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. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Sell-side analysts predict that Vulcan Materials will post 9.28 EPS for the current fiscal year.
Vulcan Materials Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 22nd. Vulcan Materials’s payout ratio is currently 24.73%.
Insiders Place Their Bets
In related news, Director Melissa H. Anderson sold 1,137 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $303.72, for a total value of $345,329.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.65% of the company’s stock.
Hedge Funds Weigh In On Vulcan Materials
Large investors have recently modified their holdings of the business. Chesapeake Capital Corp IL increased its position in shares of Vulcan Materials by 0.9% in the fourth 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 last quarter. Composition Wealth LLC boosted its position in Vulcan Materials by 3.5% during the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock valued at $289,000 after purchasing an additional 34 shares during the last quarter. Capital Investment Advisors LLC grew its stake in 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 purchasing an additional 38 shares in the last quarter. Truist Financial Corp grew its stake in Vulcan Materials by 0.3% in the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after purchasing an additional 38 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its position in shares of Vulcan Materials by 1.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock worth $952,000 after purchasing an additional 38 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.
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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