Analysts Set Vulcan Materials Co. (VMC) Target Price at $129.25
Vulcan Materials Co. (NYSE:VMC) has been given an average recommendation of “Buy” by the twelve analysts that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $129.25.
A number of equities research analysts have recently issued reports on VMC shares. Zacks Investment Research downgraded shares of Vulcan Materials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Argus reissued a “buy” rating and issued a $129.00 price target on shares of Vulcan Materials in a research note on Wednesday, August 3rd. Jefferies Group reissued a “hold” rating on shares of Vulcan Materials in a research note on Wednesday, August 31st. Royal Bank Of Canada boosted their price target on shares of Vulcan Materials from $127.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, July 12th. Finally, DA Davidson reissued a “hold” rating and issued a $120.00 price target on shares of Vulcan Materials in a research note on Sunday, October 9th.
In other Vulcan Materials news, insider David J. Grayson sold 2,025 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $118.77, for a total transaction of $240,509.25. Following the completion of the transaction, the insider now owns 18,637 shares in the company, valued at approximately $2,213,516.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David B. Pasley sold 280 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $117.55, for a total transaction of $32,914.00. Following the transaction, the insider now owns 2,470 shares of the company’s stock, valued at approximately $290,348.50. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Conning Inc. boosted its position in Vulcan Materials by 0.3% in the second quarter. Conning Inc. now owns 3,189 shares of the company’s stock valued at $384,000 after buying an additional 10 shares during the period. IFP Advisors Inc boosted its position in Vulcan Materials by 1.4% in the second quarter. IFP Advisors Inc now owns 1,872 shares of the company’s stock valued at $225,000 after buying an additional 25 shares during the period. Eqis Capital Management Inc. boosted its position in Vulcan Materials by 1.4% in the third quarter. Eqis Capital Management Inc. now owns 1,899 shares of the company’s stock valued at $216,000 after buying an additional 26 shares during the period. CENTRAL TRUST Co boosted its position in Vulcan Materials by 1.3% in the second quarter. CENTRAL TRUST Co now owns 2,440 shares of the company’s stock valued at $294,000 after buying an additional 32 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its position in Vulcan Materials by 1.2% in the second quarter. Moody Lynn & Lieberson LLC now owns 3,410 shares of the company’s stock valued at $410,000 after buying an additional 40 shares during the period. Institutional investors own 86.69% of the company’s stock.
Shares of Vulcan Materials (NYSE:VMC) opened at 109.77 on Friday. The firm has a 50-day moving average of $111.26 and a 200 day moving average of $114.88. Vulcan Materials has a 52 week low of $78.83 and a 52 week high of $127.20. The firm has a market capitalization of $14.61 billion, a P/E ratio of 41.88 and a beta of 1.19.
Vulcan Materials (NYSE:VMC) last posted its earnings results on Monday, August 1st. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.00 by $0.10. The firm earned $956.80 million during the quarter, compared to analyst estimates of $1.01 billion. Vulcan Materials had a net margin of 9.85% and a return on equity of 8.74%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, equities research analysts expect that Vulcan Materials will post $3.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Wednesday, November 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.73%. Vulcan Materials’s dividend payout ratio (DPR) is presently 30.65%.
Vulcan Materials Company Profile
Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company has four segments organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Company operates approximately 344 aggregates facilities.
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