Vulcan Materials Company (NYSE:VMC) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $134.50.
A number of equities research analysts have weighed in on the company. Jefferies Group LLC set a $114.00 price objective on Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research cut Vulcan Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $140.00 to $145.00 in a research note on Thursday, August 3rd. BidaskClub cut Vulcan Materials from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials in a research note on Monday, June 19th.
Shares of Vulcan Materials (NYSE VMC) traded down 0.28% during trading on Friday, reaching $116.67. 609,069 shares of the company traded hands. The stock’s 50 day moving average is $117.19 and its 200 day moving average is $122.24. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 37.56 and a beta of 0.94. Vulcan Materials has a 1-year low of $105.71 and a 1-year high of $138.18.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.32). Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm posted $0.90 EPS. Vulcan Materials’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts forecast that Vulcan Materials will post $3.39 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Monday, August 21st. Vulcan Materials’s dividend payout ratio (DPR) is presently 32.36%.
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In other news, insider Michael R. Mills sold 981 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the sale, the insider now owns 23,871 shares in the company, valued at $2,806,036.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David B. Pasley sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $121.51, for a total value of $151,887.50. Following the sale, the insider now owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC raised its stake in shares of Vulcan Materials by 10.4% during the second quarter. Lord Abbett & CO. LLC now owns 74,160 shares of the construction company’s stock worth $9,395,000 after purchasing an additional 6,994 shares during the last quarter. Toronto Dominion Bank grew its holdings in Vulcan Materials by 143.6% during the second quarter. Toronto Dominion Bank now owns 44,772 shares of the construction company’s stock worth $5,671,000 after acquiring an additional 147,386 shares during the period. Cetera Investment Advisers acquired a new position in Vulcan Materials during the second quarter worth $1,121,000. WINTON GROUP Ltd acquired a new position in Vulcan Materials during the second quarter worth $218,000. Finally, Covington Capital Management grew its holdings in Vulcan Materials by 11.4% during the second quarter. Covington Capital Management now owns 16,096 shares of the construction company’s stock worth $2,039,000 after acquiring an additional 1,650 shares during the period. Institutional investors and hedge funds own 87.13% of the company’s stock.
About Vulcan Materials
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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