BidaskClub Lowers Vulcan Materials Company (NYSE:VMC) to Sell
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).
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