Vulcan Materials Co. (NYSE:VMC) traded up 2.5% during mid-day trading on Monday following a dividend announcement from the company. The company traded as high as $112.65 and last traded at $112.49, with a volume of 781,575 shares. The stock had previously closed at $109.77.

The newly announced dividend which will be paid on Friday, December 9th. Shareholders of record on Wednesday, November 23rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Monday, November 21st. Vulcan Materials’s payout ratio is 30.65%.

A number of analysts have commented on the company. Zacks Investment Research upgraded Vulcan Materials from a “hold” rating to a “strong-buy” rating and set a $144.00 price target for the company in a research report on Monday, July 18th. Royal Bank Of Canada upped their price target on Vulcan Materials from $127.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 12th. Argus restated a “buy” rating and issued a $129.00 price target on shares of Vulcan Materials in a research report on Wednesday, August 3rd. Jefferies Group restated a “hold” rating on shares of Vulcan Materials in a research report on Wednesday, August 31st. Finally, DA Davidson restated a “hold” rating and issued a $120.00 price target on shares of Vulcan Materials in a research report on Sunday, October 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $130.89.

The company’s 50-day moving average price is $111.16 and its 200 day moving average price is $115.06. The stock has a market capitalization of $14.98 billion, a P/E ratio of 42.96 and a beta of 1.19.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.10. Vulcan Materials had a return on equity of 8.74% and a net margin of 9.85%. The firm had revenue of $956.80 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted $0.35 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that Vulcan Materials Co. will post $3.23 EPS for the current year.

In other news, insider Stanley G. Bass sold 829 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $121.07, for a total value of $100,367.03. Following the completion of the transaction, the insider now owns 15,185 shares of the company’s stock, valued at approximately $1,838,447.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David B. Pasley sold 280 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $117.55, for a total value of $32,914.00. Following the completion of the transaction, the insider now directly 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.

Several institutional investors have recently modified their holdings of VMC. Financial Architects Inc boosted its position in shares of Vulcan Materials by 1,268.9% in the second quarter. Financial Architects Inc now owns 1,013 shares of the company’s stock valued at $122,000 after buying an additional 939 shares during the period. Tredje AP fonden raised its position in shares of Vulcan Materials by 173.9% in the second quarter. Tredje AP fonden now owns 1,260 shares of the company’s stock valued at $152,000 after buying an additional 800 shares in the last quarter. Carroll Financial Associates Inc. raised its position in shares of Vulcan Materials by 40.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,416 shares of the company’s stock valued at $161,000 after buying an additional 410 shares in the last quarter. Thompson Davis & CO. Inc. raised its position in shares of Vulcan Materials by 3,155.6% in the second quarter. Thompson Davis & CO. Inc. now owns 1,465 shares of the company’s stock valued at $176,000 after buying an additional 1,420 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in shares of Vulcan Materials by 179.9% in the second quarter. Sunbelt Securities Inc. now owns 1,531 shares of the company’s stock valued at $184,000 after buying an additional 984 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

About Vulcan Materials

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.

5 Day Chart for NYSE:VMC

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