Vulcan Materials Company (VMC) Upgraded at BidaskClub
BidaskClub upgraded shares of Vulcan Materials Company (NYSE:VMC) from a sell rating to a hold rating in a research report released on Saturday, June 10th.
VMC has been the topic of a number of other research reports. Zacks Investment Research upgraded Vulcan Materials Company from a sell rating to a hold rating in a report on Tuesday, March 21st. Citigroup Inc. started coverage on shares of Vulcan Materials Company in a report on Wednesday, March 29th. They issued a buy rating on the stock. Finally, Argus boosted their price objective on shares of Vulcan Materials Company from $140.00 to $145.00 and gave the company a buy rating in a report on Friday, June 9th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $135.60.
Shares of Vulcan Materials Company (VMC) traded up 0.58% during trading on Friday, hitting $129.38. 904,995 shares of the stock traded hands. The company has a 50 day moving average price of $127.27 and a 200 day moving average price of $123.91. Vulcan Materials Company has a 12 month low of $105.71 and a 12 month high of $138.18. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of 41.39 and a beta of 1.00.
Vulcan Materials Company (NYSE:VMC) last released its quarterly earnings results on Wednesday, May 10th. The construction company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The firm had revenue of $787 million for the quarter, compared to analysts’ expectations of $743.79 million. Vulcan Materials Company had a net margin of 11.61% and a return on equity of 8.80%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. Analysts anticipate that Vulcan Materials Company will post $4.08 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Wednesday, May 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Monday, May 22nd. Vulcan Materials Company’s dividend payout ratio (DPR) is presently 32.15%.
In other Vulcan Materials Company news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $40,392.00. Following the sale, the general counsel now owns 5,292 shares of the company’s stock, valued at $698,544. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ejaz A. Khan sold 2,024 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $125.30, for a total value of $253,607.20. The disclosure for this sale can be found here. Insiders have sold 6,743 shares of company stock worth $876,515 in the last ninety days. 0.89% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Vulcan Materials Company during the first quarter valued at approximately $105,000. Sunbelt Securities Inc. bought a new stake in shares of Vulcan Materials Company during the fourth quarter valued at approximately $134,000. Alexandria Capital LLC increased its stake in shares of Vulcan Materials Company by 32.3% in the first quarter. Alexandria Capital LLC now owns 1,230 shares of the construction company’s stock valued at $148,000 after buying an additional 300 shares during the last quarter. NEXT Financial Group Inc increased its stake in shares of Vulcan Materials Company by 405.7% in the first quarter. NEXT Financial Group Inc now owns 1,497 shares of the construction company’s stock valued at $181,000 after buying an additional 1,201 shares during the last quarter. Finally, L & S Advisors Inc acquired a new stake in shares of Vulcan Materials Company during the fourth quarter worth $210,000. Institutional investors and hedge funds own 86.91% of the company’s stock.
About Vulcan Materials Company
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).
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