Shares of Vulcan Materials (NYSE:VMC) have been assigned a consensus recommendation of “Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $124.15.
VMC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research report on Thursday, May 9th. Goldman Sachs Group upgraded shares of Vulcan Materials from a “buy” rating to a “conviction-buy” rating in a research report on Wednesday, March 6th. Deutsche Bank lifted their price target on shares of Vulcan Materials to $125.00 and gave the company a “buy” rating in a research report on Friday, February 15th. Berenberg Bank initiated coverage on shares of Vulcan Materials in a research report on Wednesday, April 3rd. They set a “hold” rating and a $115.00 price target for the company. Finally, Barclays reiterated a “buy” rating and set a $137.00 price target on shares of Vulcan Materials in a research report on Sunday, May 5th.
NYSE:VMC traded up $1.57 during mid-day trading on Thursday, reaching $131.56. The stock had a trading volume of 642,436 shares, compared to its average volume of 1,171,846. The company has a quick ratio of 0.99, a current ratio of 1.64 and a debt-to-equity ratio of 0.61. The company has a market cap of $17.17 billion, a P/E ratio of 32.46, a PEG ratio of 1.54 and a beta of 0.94. Vulcan Materials has a twelve month low of $82.52 and a twelve month high of $133.59.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.94%. Vulcan Materials’s payout ratio is 30.62%.
In other news, insider David P. Clement sold 2,789 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $114.28, for a total transaction of $318,726.92. Following the completion of the transaction, the insider now directly owns 4,340 shares of the company’s stock, valued at approximately $495,975.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.79% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of VMC. Legal & General Group Plc grew its stake in Vulcan Materials by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 591,166 shares of the construction company’s stock worth $65,738,000 after acquiring an additional 13,138 shares during the period. Vanguard Group Inc grew its stake in Vulcan Materials by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 13,964,379 shares of the construction company’s stock worth $1,552,839,000 after acquiring an additional 46,860 shares during the period. Marshall Wace LLP purchased a new stake in Vulcan Materials in the 3rd quarter worth approximately $649,000. State of Alaska Department of Revenue grew its stake in Vulcan Materials by 0.5% in the 4th quarter. State of Alaska Department of Revenue now owns 23,039 shares of the construction company’s stock worth $2,274,000 after acquiring an additional 119 shares during the period. Finally, First Hawaiian Bank grew its stake in Vulcan Materials by 18.6% in the 4th quarter. First Hawaiian Bank now owns 5,911 shares of the construction company’s stock worth $584,000 after acquiring an additional 925 shares during the period. 96.68% of the stock is owned by institutional investors and hedge funds.
About Vulcan Materials
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.
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