Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Vulcan Materials (VMC) Share Price
News stories about Vulcan Materials (NYSE:VMC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Vulcan Materials earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 46.1408399558956 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Stocks Down, But Optimism Gauge And This Group Show Strength – Investor’s Business Daily (investors.com)
- Martin Marietta Stock Rises On Strong Earnings, Guidance – Investor’s Business Daily (investors.com)
- Here's why infrastructure stocks didn't rise on Trump's n… (finance.yahoo.com)
- Top 4 Long-Term Infrastructure Stocks as of February 2018 (finance.yahoo.com)
- Trump Seeks Mulligan On Fiscal Restraint, Starting With Infrastructure – Investor’s Business Daily (investors.com)
A number of equities analysts have commented on the stock. 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. Zacks Investment Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Jefferies Group restated a “hold” rating and set a $135.00 price objective on shares of Vulcan Materials in a research report on Wednesday, January 17th. Bank of America upped their price objective on shares of Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Finally, Citigroup upped their price target on shares of Vulcan Materials from $144.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $146.13.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, February 22nd. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.87%. Vulcan Materials’s dividend payout ratio is 34.13%.
In other news, insider Michael R. Mills sold 3,738 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total transaction of $502,985.28. Following the transaction, the insider now directly owns 44,581 shares of the company’s stock, valued at approximately $5,998,819.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael R. Mills sold 4,659 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $133.25, for a total transaction of $620,811.75. Following the transaction, the insider now directly owns 45,351 shares in the company, valued at $6,043,020.75. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.
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About Vulcan Materials
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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