Vulcan Materials Company (NYSE:VMC) Price Target Raised to $128.00

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).

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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