Stephens reiterated their buy rating on shares of Vulcan Materials (NYSE:VMC) in a research note issued to investors on Wednesday. Stephens currently has a $158.00 price target on the construction company’s stock.

Several other research firms have also commented on VMC. Royal Bank of Canada reiterated a buy rating and set a $154.00 price objective on shares of Vulcan Materials in a research report on Tuesday, October 10th. Citigroup reiterated a buy rating and set a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. Jefferies Group increased their price objective on shares of Vulcan Materials from $122.00 to $128.00 and gave the company a hold rating in a research report on Friday, November 3rd. Bank of America lowered their price objective on shares of Vulcan Materials from $130.00 to $128.00 and set a neutral rating for the company in a research report on Thursday, October 19th. Finally, Barclays assumed coverage on shares of Vulcan Materials in a research report on Tuesday, December 12th. They set an overweight rating and a $135.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $142.13.

Vulcan Materials (NYSE:VMC) traded down $0.91 on Wednesday, reaching $133.38. 1,326,248 shares of the company traded hands, compared to its average volume of 1,250,000. The stock has a market capitalization of $17,640.00, a PE ratio of 45.52, a price-to-earnings-growth ratio of 1.96 and a beta of 0.87. Vulcan Materials has a 52 week low of $108.95 and a 52 week high of $136.82. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.36). The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 earnings per share. analysts anticipate that Vulcan Materials will post 3.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.75%. Vulcan Materials’s dividend payout ratio (DPR) is presently 34.13%.

Several institutional investors have recently added to or reduced their stakes in VMC. Janus Henderson Group PLC lifted its holdings in shares of Vulcan Materials by 4,985.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,209,593 shares of the construction company’s stock worth $533,271,000 after acquiring an additional 4,126,822 shares during the last quarter. Third Point LLC bought a new stake in shares of Vulcan Materials in the 2nd quarter worth about $202,688,000. Point72 Asset Management L.P. lifted its holdings in shares of Vulcan Materials by 116.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,038,752 shares of the construction company’s stock worth $124,235,000 after acquiring an additional 558,900 shares during the last quarter. Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Vulcan Materials in the 2nd quarter worth about $58,623,000. Finally, CI Investments Inc. bought a new stake in shares of Vulcan Materials in the 3rd quarter worth about $55,271,000. Hedge funds and other institutional investors own 89.02% of the company’s stock.

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Vulcan Materials Company Profile

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).

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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