Brokerages Set Vulcan Materials Company (NYSE:VMC) PT at $326.92

Shares of Vulcan Materials Company (NYSE:VMC) have been given an average recommendation of “Hold” by the fifteen brokerages that are covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $326.9231.

A number of analysts have recently weighed in on VMC shares. Royal Bank Of Canada raised their target price on Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Oppenheimer assumed coverage on shares of Vulcan Materials in a report on Thursday, May 28th. They set a “market perform” rating on the stock. Stephens raised their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. Finally, Truist Financial upped their target price on shares of Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th.

Institutional Investors Weigh In On Vulcan Materials

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Vulcan Materials by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,293,316 shares of the construction company’s stock valued at $397,795,000 after acquiring an additional 3,931 shares during the last quarter. ING Groep NV increased its stake in shares of Vulcan Materials by 67.3% during the 3rd quarter. ING Groep NV now owns 29,081 shares of the construction company’s stock worth $8,946,000 after purchasing an additional 11,699 shares during the last quarter. Swiss Life Asset Management Ltd increased its stake in shares of Vulcan Materials by 67.8% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 14,320 shares of the construction company’s stock worth $4,405,000 after purchasing an additional 5,787 shares during the last quarter. Cibc World Market Inc. bought a new stake in shares of Vulcan Materials in the 3rd quarter valued at about $12,834,000. Finally, Interval Partners LP lifted its stake in Vulcan Materials by 82.9% in the 3rd quarter. Interval Partners LP now owns 152,645 shares of the construction company’s stock valued at $46,957,000 after purchasing an additional 69,189 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Up 0.0%

NYSE VMC opened at $281.49 on Wednesday. The stock’s 50 day simple moving average is $281.77 and its 200 day simple moving average is $290.31. Vulcan Materials has a one year low of $252.35 and a one year high of $331.09. The firm has a market cap of $36.53 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.25. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. As a group, sell-side analysts forecast that Vulcan Materials will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, May 22nd. Vulcan Materials’s payout ratio is 24.73%.

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.