Barclays Boosts Vulcan Materials (NYSE:VMC) Price Target to $160.00
Vulcan Materials (NYSE:VMC) had its price target upped by Barclays from $140.00 to $160.00 in a research report released on Thursday, The Fly reports. Barclays currently has an overweight rating on the construction company’s stock.
Several other equities research analysts have also issued reports on VMC. Longbow Research lifted their price objective on Vulcan Materials from $145.00 to $153.00 and gave the company a buy rating in a research note on Friday, July 26th. SunTrust Banks lifted their price target on Vulcan Materials to $145.00 and gave the stock a buy rating in a research note on Monday, July 29th. JPMorgan Chase & Co. lifted their price target on Vulcan Materials from $155.00 to $160.00 and gave the stock an overweight rating in a research note on Thursday, September 5th. Royal Bank of Canada set a $142.00 price target on Vulcan Materials and gave the stock a buy rating in a research note on Friday, July 26th. Finally, ValuEngine lowered Vulcan Materials from a buy rating to a hold rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $138.25.
NYSE:VMC traded up $2.72 during trading hours on Thursday, hitting $147.63. 63,511 shares of the company’s stock traded hands, compared to its average volume of 781,916. The firm has a market cap of $18.80 billion, a P/E ratio of 36.44, a P/E/G ratio of 1.68 and a beta of 0.93. Vulcan Materials has a 52 week low of $82.52 and a 52 week high of $148.15. The business’s fifty day simple moving average is $140.30 and its two-hundred day simple moving average is $129.32. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 0.59.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Wednesday, August 21st were issued a $0.31 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.24 annualized dividend and a dividend yield of 0.84%. Vulcan Materials’s dividend payout ratio is currently 30.62%.
In other news, insider Stanley G. Bass sold 2,406 shares of Vulcan Materials stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $141.94, for a total value of $341,507.64. Following the transaction, the insider now owns 35,263 shares in the company, valued at $5,005,230.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Stanley G. Bass sold 6,207 shares of Vulcan Materials stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $135.80, for a total value of $842,910.60. Following the completion of the transaction, the insider now owns 53,813 shares in the company, valued at approximately $7,307,805.40. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VMC. Comerica Securities Inc. purchased a new position in shares of Vulcan Materials in the fourth quarter worth about $552,000. Geode Capital Management LLC increased its holdings in Vulcan Materials by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 1,644,403 shares of the construction company’s stock valued at $162,171,000 after purchasing an additional 129,134 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Vulcan Materials by 189.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 7,726 shares of the construction company’s stock valued at $915,000 after purchasing an additional 5,060 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in Vulcan Materials by 5.1% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 10,592 shares of the construction company’s stock valued at $1,254,000 after purchasing an additional 515 shares during the period. Finally, State Treasurer State of Michigan increased its holdings in Vulcan Materials by 0.5% during the 1st quarter. State Treasurer State of Michigan now owns 38,010 shares of the construction company’s stock valued at $4,500,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 95.21% of the company’s stock.
About Vulcan Materials
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.
Read More: Understanding Options Trading
Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.