Vulcan Materials (NYSE:VMC) has earned a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $140.00.

VMC has been the subject of a number of analyst reports. Bank of America reduced their price objective on Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Thursday, October 19th. Jefferies Group raised their price objective on Vulcan Materials from $122.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a research report on Tuesday, October 10th. Finally, Citigroup reaffirmed a “buy” rating and set a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th.

Shares of Vulcan Materials (NYSE:VMC) traded up $1.00 during trading hours on Thursday, hitting $125.88. The stock had a trading volume of 1,343,771 shares, compared to its average volume of 1,040,015. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $136.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34. The company has a market cap of $16,652.04, a price-to-earnings ratio of 42.38, a P/E/G ratio of 2.46 and a beta of 0.88.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business earned $1.01 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. analysts forecast that Vulcan Materials will post 3.04 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.79%. Vulcan Materials’s dividend payout ratio is 34.97%.

In other Vulcan Materials news, insider Michael R. Mills sold 981 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the sale, the insider now directly owns 23,871 shares in the company, valued at approximately $2,806,036.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.89% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC boosted its stake in shares of Vulcan Materials by 4,985.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,209,593 shares of the construction company’s stock worth $533,271,000 after buying an additional 4,126,822 shares during the last quarter. Third Point LLC purchased a new position in shares of Vulcan Materials in the 2nd quarter worth $202,688,000. Point72 Asset Management L.P. boosted its stake in shares of Vulcan Materials by 116.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,038,752 shares of the construction company’s stock worth $124,235,000 after buying an additional 558,900 shares during the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new position in shares of Vulcan Materials in the 2nd quarter worth $58,623,000. Finally, CI Investments Inc. purchased a new position in shares of Vulcan Materials in the 3rd quarter worth $55,271,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

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About Vulcan Materials

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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