Brokerages Set Vulcan Materials Company (NYSE:VMC) PT at $327.79

Shares of Vulcan Materials Company (NYSE:VMC) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $327.7857.

Several equities research analysts have recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Wells Fargo & Company dropped their price objective on shares of Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Citigroup cut their target price on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a report on Tuesday, July 7th.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $292.29, for a total value of $646,545.48. Following the transaction, the senior vice president owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. The trade was a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Institutional Trading of Vulcan Materials

Hedge funds and other institutional investors have recently made changes to their positions in the business. Chesapeake Capital Corp IL grew its holdings in Vulcan Materials by 0.9% during the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after acquiring an additional 33 shares during the last quarter. Composition Wealth LLC boosted its holdings in Vulcan Materials by 3.5% in the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock valued at $289,000 after acquiring an additional 34 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in Vulcan Materials by 5.5% in the fourth quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock valued at $206,000 after acquiring an additional 38 shares during the last quarter. Truist Financial Corp increased its position in Vulcan Materials by 0.3% in the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after purchasing an additional 38 shares during the period. Finally, United Capital Financial Advisors LLC increased its position in Vulcan Materials by 1.2% in the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock worth $952,000 after purchasing an additional 38 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Shares of VMC stock opened at $284.53 on Thursday. The stock’s fifty day simple moving average is $287.14 and its 200 day simple moving average is $290.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The firm has a market cap of $36.92 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 2.01 and a beta of 1.05. Vulcan Materials has a one year low of $252.35 and a one year high of $331.09.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.25. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share. On average, analysts expect that Vulcan Materials will post 9.3 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be given a $0.52 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.08 annualized dividend and a yield of 0.7%. Vulcan Materials’s payout ratio is presently 24.73%.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.