Brokerages Set Vulcan Materials (NYSE:VMC) PT at $272.45

Vulcan Materials (NYSE:VMC) has been given a consensus rating of “Moderate Buy” by the thirteen research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $272.45.

Several analysts recently commented on the company. StockNews.com cut Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. Loop Capital reduced their target price on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. lowered their price target on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Citigroup dropped their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Truist Financial decreased their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th.

Institutional Trading of Vulcan Materials

Hedge funds and other institutional investors have recently modified their holdings of the business. SouthState Corp lifted its position in Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after buying an additional 87 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Vulcan Materials in the 1st quarter valued at approximately $27,000. Kings Path Partners LLC acquired a new position in shares of Vulcan Materials in the 2nd quarter worth approximately $27,000. UMB Bank n.a. lifted its holdings in shares of Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after acquiring an additional 47 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Vulcan Materials during the 1st quarter worth approximately $33,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

NYSE:VMC opened at $258.64 on Friday. The company has a fifty day moving average of $244.18 and a two-hundred day moving average of $252.59. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $278.79. The stock has a market capitalization of $34.21 billion, a PE ratio of 37.76, a P/E/G ratio of 2.33 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, research analysts forecast that Vulcan Materials will post 7.67 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.71%. Vulcan Materials’s dividend payout ratio is currently 26.86%.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.