Vulcan Materials Company (VMC) Given Consensus Rating of “Hold” by Brokerages

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).

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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