Vulcan Materials Company (NYSE:VMC) Stock Has Average Price Target of $308.78

Vulcan Materials Company (NYSE:VMC) has received an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $310.72.

VMC has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of Vulcan Materials from $249.00 to $253.00 and gave the company an “underweight” rating in a research note on Friday, October 30th. Royal Bank Of Canada raised their price objective on Vulcan Materials from $256.00 to $257.00 and gave the company a “sector perform” rating in a research report on Friday, October 30th. Truist Financial reduced their price target on Vulcan Materials from $360.00 to $320.00 and set a “buy” rating on the stock in a report on Monday, October 5th. JPMorgan Chase & Co. decreased their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Finally, Weiss Ratings downgraded shares of Vulcan Materials from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 30th.

Vulcan Materials Trading Down 0.8%

NYSE:VMC opened at $283.23 on Friday. The firm’s fifty day moving average is $257.12 and its 200-day moving average is $280.04. Vulcan Materials has a 52 week low of $237.03 and a 52 week high of $331.09. The firm has a market cap of $36.35 billion, a P/E ratio of 33.52, a P/E/G ratio of 3.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.96 and a current ratio of 1.43.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.02. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. Vulcan Materials had a net margin of 13.77% and a return on equity of 13.03%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $2.84 earnings per share. Equities analysts expect that Vulcan Materials will post 8.89 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, November 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, November 9th. Vulcan Materials’s payout ratio is currently 24.62%.

Insiders Place Their Bets

In other Vulcan Materials news, Director J. Hill sold 28,000 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $285.40, for a total value of $7,991,200.00. Following the completion of the sale, the director directly owned 30,209 shares of the company’s stock, valued at approximately $8,621,648.60. This represents a 48.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by company insiders.

Institutional Trading of Vulcan Materials

Several institutional investors and hedge funds have recently modified their holdings of the business. Burkett Financial Services LLC purchased a new position in shares of Vulcan Materials in the 2nd quarter worth $25,000. Meeder Asset Management Inc. grew its stake in shares of Vulcan Materials by 71.7% in the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock valued at $28,000 after buying an additional 43 shares in the last quarter. Clearstead Trust LLC bought a new position in shares of Vulcan Materials in the second quarter valued at about $37,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Vulcan Materials in the 2nd quarter valued at about $51,000. Finally, Western Wealth Management LLC bought a new position in Vulcan Materials during the 1st quarter worth $57,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Company Profile