Vulcan Materials Company (NYSE:VMC) has earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $140.00.
A number of research firms have recently commented on VMC. Jefferies Group LLC lifted their target price on Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Zacks Investment Research cut Vulcan Materials from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $140.00 to $145.00 in a research note on Thursday, August 3rd. BidaskClub cut Vulcan Materials from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Citigroup Inc. reiterated a “buy” rating and set a $140.00 target price (down from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th.
In other Vulcan Materials news, insider David B. Pasley sold 1,250 shares of Vulcan Materials stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $121.51, for a total transaction of $151,887.50. Following the completion of the transaction, the insider now owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael R. Mills sold 981 shares of Vulcan Materials stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total value of $115,316.55. Following the transaction, the insider now directly owns 23,871 shares of the company’s stock, valued at approximately $2,806,036.05. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.
A number of hedge funds have recently bought and sold shares of VMC. Teachers Advisors LLC grew its holdings in Vulcan Materials by 5.7% during the 1st quarter. Teachers Advisors LLC now owns 156,790 shares of the construction company’s stock valued at $18,890,000 after buying an additional 8,411 shares in the last quarter. Bank of Montreal Can grew its holdings in Vulcan Materials by 18.3% during the 2nd quarter. Bank of Montreal Can now owns 43,307 shares of the construction company’s stock valued at $5,485,000 after buying an additional 6,685 shares in the last quarter. NN Investment Partners Holdings N.V. grew its holdings in Vulcan Materials by 25.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock valued at $126,000 after buying an additional 200 shares in the last quarter. Creative Planning grew its holdings in Vulcan Materials by 16.2% during the 2nd quarter. Creative Planning now owns 1,765 shares of the construction company’s stock valued at $224,000 after buying an additional 246 shares in the last quarter. Finally, National Pension Service grew its holdings in Vulcan Materials by 9.8% during the 2nd quarter. National Pension Service now owns 127,228 shares of the construction company’s stock valued at $16,159,000 after buying an additional 11,307 shares in the last quarter. 86.75% of the stock is owned by institutional investors and hedge funds.
Vulcan Materials (NYSE VMC) traded down $0.59 during midday trading on Friday, hitting $124.09. The stock had a trading volume of 991,000 shares, compared to its average volume of 1,240,722. The company has a market cap of $16,414.58, a PE ratio of 41.78, a price-to-earnings-growth ratio of 2.42 and a beta of 0.86. Vulcan Materials has a 12 month low of $108.95 and a 12 month high of $136.82. 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 released its earnings results 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 for the quarter, compared to the consensus estimate of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 earnings per share. equities research analysts forecast that Vulcan Materials will post 3.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, November 21st. Vulcan Materials’s dividend payout ratio (DPR) is currently 34.97%.
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).