BidaskClub lowered shares of Vulcan Materials Company (NYSE:VMC) from a hold rating to a sell rating in a report released on Wednesday morning.

Other research analysts have also issued research reports about the company. Zacks Investment Research raised Vulcan Materials from a hold rating to a buy rating and set a $145.00 target price for the company in a research report on Tuesday, June 20th. Royal Bank Of Canada reissued a buy rating and issued a $154.00 target price on shares of Vulcan Materials in a research report on Monday, June 19th. Argus increased their target price on Vulcan Materials from $140.00 to $145.00 and gave the stock a buy rating in a research report on Friday, June 9th. Finally, Citigroup Inc. reissued a buy rating on shares of Vulcan Materials in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Vulcan Materials has an average rating of Hold and an average target price of $138.60.

Shares of Vulcan Materials (VMC) traded up 0.38% during midday trading on Wednesday, reaching $125.44. The company’s stock had a trading volume of 212,042 shares. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of 40.13 and a beta of 0.94. Vulcan Materials has a 52-week low of $105.71 and a 52-week high of $138.18. The stock has a 50-day moving average price of $128.18 and a 200-day moving average price of $124.08.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, May 10th. The construction company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.12. Vulcan Materials had a return on equity of 8.80% and a net margin of 11.61%. The firm had revenue of $787 million during the quarter, compared to analyst estimates of $743.79 million. During the same quarter in the prior year, the company earned $0.26 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that Vulcan Materials 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 will be paid on Friday, September 8th. Investors of record on Wednesday, August 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. Vulcan Materials’s payout ratio is currently 32.15%.

In other Vulcan Materials news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total transaction of $40,392.00. Following the sale, the general counsel now directly owns 5,292 shares in the company, valued at approximately $698,544. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stanley G. Bass sold 4,413 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $582,516.00. Following the sale, the insider now owns 21,939 shares in the company, valued at $2,895,948. The disclosure for this sale can be found here. Insiders sold a total of 6,743 shares of company stock worth $876,515 in the last 90 days. 0.89% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of VMC. CENTRAL TRUST Co increased its stake in shares of Vulcan Materials by 182.7% in the second quarter. CENTRAL TRUST Co now owns 7,260 shares of the construction company’s stock valued at $920,000 after buying an additional 4,692 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of Vulcan Materials by 512.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 21,459 shares of the construction company’s stock valued at $2,718,000 after buying an additional 17,958 shares in the last quarter. Buffington Mohr McNeal acquired a new stake in shares of Vulcan Materials during the second quarter valued at approximately $282,000. Leavell Investment Management Inc. increased its stake in shares of Vulcan Materials by 2.0% in the second quarter. Leavell Investment Management Inc. now owns 78,368 shares of the construction company’s stock valued at $9,928,000 after buying an additional 1,527 shares in the last quarter. Finally, National Pension Service increased its stake in shares of Vulcan Materials by 9.8% in the second quarter. National Pension Service now owns 127,228 shares of the construction company’s stock valued at $16,159,000 after buying an additional 11,307 shares in the last quarter. Institutional investors and hedge funds own 86.01% of the company’s stock.

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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