VMC has been the topic of several other reports. DA Davidson set a $118.00 price objective on shares of Vulcan Materials and gave the stock a hold rating in a research report on Thursday, October 11th. Zacks Investment Research cut shares of Vulcan Materials from a hold rating to a strong sell rating in a research report on Friday, October 12th. Bank of America lowered Vulcan Materials from a buy rating to a neutral rating and set a $130.00 target price for the company. in a research note on Wednesday, July 25th. They noted that the move was a valuation call. Argus cut their target price on Vulcan Materials to $122.00 and set a buy rating for the company in a research note on Monday, August 20th. Finally, ValuEngine lowered Vulcan Materials from a hold rating to a sell rating in a research note on Monday, October 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $121.45.
Shares of VMC traded down $2.22 during midday trading on Wednesday, hitting $105.76. 1,284,134 shares of the company traded hands, compared to its average volume of 2,447,798. Vulcan Materials has a one year low of $82.52 and a one year high of $141.20. The stock has a market cap of $14.42 billion, a PE ratio of 34.79, a P/E/G ratio of 1.40 and a beta of 0.99. The company has a quick ratio of 1.11, a current ratio of 1.70 and a debt-to-equity ratio of 0.54.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Wednesday, November 21st will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Tuesday, November 20th. Vulcan Materials’s dividend payout ratio (DPR) is presently 36.84%.
In related news, Chairman J Thomas Hill acquired 1,955 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was purchased at an average price of $101.66 per share, with a total value of $198,745.30. Following the completion of the purchase, the chairman now owns 57,348 shares in the company, valued at approximately $5,829,997.68. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.89% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Baldwin Investment Management LLC purchased a new stake in Vulcan Materials in the second quarter worth $632,000. FDx Advisors Inc. purchased a new stake in Vulcan Materials in the second quarter worth $263,000. Wolverine Asset Management LLC lifted its stake in Vulcan Materials by 55,740.3% in the second quarter. Wolverine Asset Management LLC now owns 40,205 shares of the construction company’s stock worth $5,188,000 after acquiring an additional 40,133 shares during the period. Sei Investments Co. lifted its stake in Vulcan Materials by 45.4% in the second quarter. Sei Investments Co. now owns 163,762 shares of the construction company’s stock worth $21,136,000 after acquiring an additional 51,168 shares during the period. Finally, Bridgeworth LLC lifted its stake in Vulcan Materials by 20.3% in the second quarter. Bridgeworth LLC now owns 3,575 shares of the construction company’s stock worth $460,000 after acquiring an additional 603 shares during the period. 97.86% of the stock is owned by hedge funds and other institutional investors.
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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