Vulcan Materials Co. (VMC) Downgraded by Stephens
Vulcan Materials Co. (NYSE:VMC) was downgraded by research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research report issued on Thursday.
Several other brokerages have also issued reports on VMC. Bank of America Corp. lowered Vulcan Materials from a “buy” rating to a “neutral” rating in a research note on Wednesday. They noted that the move was a valuation call. Zacks Investment Research lowered 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. Finally, SunTrust Banks Inc. raised Vulcan Materials from a “hold” rating to a “buy” rating and boosted their price target for the company from $110.00 to $129.00 in a research note on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $130.70.
Vulcan Materials (NYSE:VMC) opened at 130.29 on Thursday. The company has a market capitalization of $17.24 billion, a PE ratio of 47.57 and a beta of 1.19. The company has a 50 day moving average of $115.58 and a 200 day moving average of $116.78. Vulcan Materials has a 1-year low of $78.83 and a 1-year high of $138.18.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by $0.18. Vulcan Materials had a net margin of 10.38% and a return on equity of 8.83%. The business earned $1.01 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the firm posted $0.95 earnings per share. Vulcan Materials’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that Vulcan Materials will post $3.02 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Wednesday, November 23rd will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, November 21st. This represents a $0.80 annualized dividend and a yield of 0.61%. Vulcan Materials’s dividend payout ratio (DPR) is currently 29.20%.
In related news, insider David J. Grayson sold 2,121 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $118.49, for a total transaction of $251,317.29. Following the completion of the sale, the insider now owns 16,648 shares in the company, valued at $1,972,621.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.92% of the company’s stock.
A number of large investors have recently made changes to their positions in VMC. Financial Architects Inc increased its stake 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. Gilder Gagnon Howe & Co. LLC increased its position in shares of Vulcan Materials by 6.1% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,313 shares of the company’s stock worth $149,000 after buying an additional 75 shares during the period. Tredje AP fonden increased 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 worth $152,000 after buying an additional 800 shares during the period. Carroll Financial Associates Inc. increased 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 worth $161,000 after buying an additional 410 shares during the period. Finally, Thompson Davis & CO. Inc. increased 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 worth $176,000 after buying an additional 1,420 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.
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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