Vulcan Materials (NYSE:VMC) had its target price boosted by Stifel Nicolaus from $145.00 to $165.00 in a research report released on Wednesday morning, BenzingaRatingsTable reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

A number of other analysts have also recently commented on the company. SunTrust Banks lifted their price target on Vulcan Materials to $145.00 and gave the stock a buy rating in a research report on Monday, July 29th. DA Davidson lifted their price target on Vulcan Materials to $150.00 and gave the stock a neutral rating in a research report on Thursday, June 6th. They noted that the move was a valuation call. Barclays lifted their price target on Vulcan Materials from $140.00 to $160.00 and gave the stock an overweight rating in a research report on Thursday, September 12th. Argus set a $152.00 price target on Vulcan Materials and gave the stock a buy rating in a research report on Friday, July 26th. Finally, Longbow Research lifted their price target on Vulcan Materials from $145.00 to $153.00 and gave the stock a buy rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Vulcan Materials presently has an average rating of Buy and an average price target of $143.00.

Vulcan Materials stock opened at $149.80 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.89 and a quick ratio of 1.23. The stock has a market capitalization of $19.66 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 1.75 and a beta of 0.93. Vulcan Materials has a 1-year low of $82.52 and a 1-year high of $151.51. The business has a fifty day moving average price of $141.95 and a 200-day moving average price of $130.74.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.03. Vulcan Materials had a return on equity of 11.07% and a net margin of 12.12%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the firm earned $1.23 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that Vulcan Materials will post 4.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.31 per share. The ex-dividend date was Tuesday, August 20th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.83%. Vulcan Materials’s payout ratio is currently 30.62%.

In other Vulcan Materials 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 transaction of $341,507.64. Following the completion of the transaction, the insider now owns 35,263 shares in the company, valued at approximately $5,005,230.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stanley G. Bass sold 6,207 shares of Vulcan Materials stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $135.80, for a total value of $842,910.60. Following the transaction, the insider now owns 53,813 shares of the company’s stock, valued at approximately $7,307,805.40. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. River & Mercantile Asset Management LLP purchased a new position in shares of Vulcan Materials during the 2nd quarter valued at about $904,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Vulcan Materials by 83.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 40,266 shares of the construction company’s stock valued at $5,529,000 after buying an additional 18,333 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Vulcan Materials by 25.7% during the 2nd quarter. Toronto Dominion Bank now owns 107,779 shares of the construction company’s stock valued at $14,791,000 after buying an additional 22,065 shares during the last quarter. Atria Investments LLC raised its stake in shares of Vulcan Materials by 793.4% during the 2nd quarter. Atria Investments LLC now owns 28,312 shares of the construction company’s stock valued at $3,957,000 after buying an additional 25,143 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Vulcan Materials by 1.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 55,784 shares of the construction company’s stock valued at $7,660,000 after buying an additional 625 shares during the last quarter. Institutional investors and hedge funds 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.

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Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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