Vulcan Materials Company (NYSE:VMC) had its target price lifted by Jefferies Group LLC from $122.00 to $128.00 in a research report report published on Friday, November 3rd. The brokerage currently has a hold rating on the construction company’s stock. Jefferies Group also issued estimates for Vulcan Materials’ Q4 2017 earnings at $0.77 EPS, FY2017 earnings at $3.05 EPS, Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $1.23 EPS and FY2019 earnings at $5.02 EPS.
A number of other research analysts have also recently weighed in on VMC. Royal Bank Of Canada reiterated a buy rating and issued a $154.00 target price on shares of Vulcan Materials in a report on Tuesday, October 10th. Citigroup Inc. restated a buy rating and set a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. Zacks Investment Research cut Vulcan Materials from a buy rating to a hold rating in a research note on Friday, July 28th. Bank of America Corporation dropped their target price on Vulcan Materials from $130.00 to $128.00 and set a neutral rating on the stock in a research report on Thursday, October 19th. Finally, Stephens raised Vulcan Materials from an equal weight rating to an overweight rating and boosted their price objective for the company from $140.00 to $145.00 in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Vulcan Materials currently has an average rating of Hold and an average target price of $140.00.
Shares of Vulcan Materials (NYSE VMC) opened at $121.56 on Friday. Vulcan Materials has a 1-year low of $108.95 and a 1-year high of $136.82. The company has a market capitalization of $16,392.70, a P/E ratio of 41.72, a PEG ratio of 2.42 and a beta of 0.86. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. Vulcan Materials’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. sell-side analysts anticipate that Vulcan Materials will post 3.04 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.82%. Vulcan Materials’s dividend payout ratio (DPR) is 34.97%.
In other Vulcan Materials news, insider David B. Pasley sold 1,250 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $121.51, for a total transaction of $151,887.50. Following the sale, the insider now directly owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael R. Mills sold 981 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the transaction, the insider now directly owns 23,871 shares in the company, valued at $2,806,036.05. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Eads & Heald Investment Counsel boosted its holdings in Vulcan Materials by 0.8% in the second quarter. Eads & Heald Investment Counsel now owns 2,257 shares of the construction company’s stock worth $286,000 after purchasing an additional 17 shares in the last quarter. Traynor Capital Management Inc. boosted its holdings in Vulcan Materials by 0.7% in the second quarter. Traynor Capital Management Inc. now owns 2,317 shares of the construction company’s stock worth $287,000 after purchasing an additional 17 shares in the last quarter. L & S Advisors Inc boosted its holdings in Vulcan Materials by 0.7% in the second quarter. L & S Advisors Inc now owns 3,870 shares of the construction company’s stock worth $490,000 after purchasing an additional 25 shares in the last quarter. Calamos Wealth Management LLC boosted its holdings in Vulcan Materials by 0.8% in the second quarter. Calamos Wealth Management LLC now owns 10,519 shares of the construction company’s stock worth $1,333,000 after purchasing an additional 80 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in Vulcan Materials by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the construction company’s stock worth $1,039,000 after purchasing an additional 100 shares in the last quarter. 87.40% of the stock is currently owned by institutional investors and hedge funds.
Vulcan Materials Company Profile
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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