Vulcan Materials (NYSE:VMC) Receives $284.33 Consensus PT from Analysts

Vulcan Materials (NYSE:VMC) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $284.33.

Several brokerages have recently commented on VMC. Barclays increased their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Truist Financial raised their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. UBS Group initiated coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th.

Institutional Trading of Vulcan Materials

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. grew its stake in shares of Vulcan Materials by 2.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 14,919 shares of the construction company’s stock worth $3,710,000 after purchasing an additional 406 shares during the period. HB Wealth Management LLC increased its holdings in Vulcan Materials by 13.4% in the second quarter. HB Wealth Management LLC now owns 2,070 shares of the construction company’s stock valued at $515,000 after buying an additional 245 shares in the last quarter. Banco Santander S.A. acquired a new position in shares of Vulcan Materials in the second quarter worth about $553,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Vulcan Materials by 7.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,832 shares of the construction company’s stock worth $6,673,000 after acquiring an additional 1,832 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Vulcan Materials by 61.8% during the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after acquiring an additional 47 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Shares of VMC stock opened at $262.36 on Wednesday. The stock’s 50-day moving average is $275.70 and its 200 day moving average is $257.95. Vulcan Materials has a 1-year low of $218.37 and a 1-year high of $298.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The company has a market cap of $34.65 billion, a P/E ratio of 41.38, a PEG ratio of 2.67 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the firm earned $2.29 EPS. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. Research analysts predict that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.70%. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.