Vulcan Materials Co. (VMC) Given Average Rating of “Hold” by Brokerages
Shares of Vulcan Materials Co. (NYSE:VMC) have been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $129.22.
Several brokerages have recently commented on VMC. DA Davidson reaffirmed a “hold” rating and set a $120.00 price objective on shares of Vulcan Materials in a research report on Sunday, October 9th. Zacks Investment Research downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Jefferies Group reissued a “hold” rating on shares of Vulcan Materials in a research report on Wednesday, August 31st. Stephens downgraded shares of Vulcan Materials from an “overweight” rating to an “equal weight” rating in a research report on Thursday. Finally, SunTrust Banks Inc. raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and lifted their price target for the company from $110.00 to $129.00 in a research report on Wednesday, October 26th.
Shares of Vulcan Materials (NYSE:VMC) traded down 0.59% during midday trading on Friday, hitting $129.11. 807,345 shares of the stock traded hands. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 47.14 and a beta of 1.19. The firm’s 50-day moving average is $115.98 and its 200 day moving average is $116.87. Vulcan Materials has a 52 week low of $78.83 and a 52 week high of $138.18.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.19 by $0.18. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.12 billion. Vulcan Materials had a return on equity of 8.83% and a net margin of 10.38%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. Equities analysts forecast that Vulcan Materials will post $3.02 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Wednesday, November 23rd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Monday, November 21st. Vulcan Materials’s payout ratio is 29.20%.
In other news, insider David J. Grayson sold 2,121 shares of Vulcan Materials 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 sale, the insider now directly owns 16,648 shares in the company, valued at approximately $1,972,621.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.92% of the company’s stock.
Several large investors have recently added to or reduced their stakes in VMC. JPMorgan Chase & Co. boosted its stake in Vulcan Materials by 50.7% in the second quarter. JPMorgan Chase & Co. now owns 6,193,149 shares of the company’s stock worth $745,409,000 after buying an additional 2,083,983 shares during the last quarter. FMR LLC boosted its stake in Vulcan Materials by 219.1% in the second quarter. FMR LLC now owns 1,284,544 shares of the company’s stock worth $154,608,000 after buying an additional 882,046 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Vulcan Materials by 2,999.1% in the third quarter. PNC Financial Services Group Inc. now owns 607,013 shares of the company’s stock worth $69,037,000 after buying an additional 587,426 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Vulcan Materials by 5.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,897,085 shares of the company’s stock worth $1,353,055,000 after buying an additional 583,217 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Vulcan Materials by 3,591.2% in the second quarter. American Century Companies Inc. now owns 597,944 shares of the company’s stock worth $71,969,000 after buying an additional 581,745 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.
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.
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