Vulcan Materials (VMC) Receives $145.11 Average PT from Analysts
Vulcan Materials (NYSE:VMC) has received an average rating of “Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $145.13.
A number of research firms recently commented on VMC. Citigroup increased their price objective on Vulcan Materials from $144.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Sunday, January 21st. Jefferies Group restated a “hold” rating and issued a $135.00 price objective on shares of Vulcan Materials in a report on Wednesday, January 17th. Stephens restated a “buy” rating and issued a $158.00 price objective on shares of Vulcan Materials in a report on Wednesday, January 3rd. Finally, Bank of America increased their price objective on Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, February 5th.
In other Vulcan Materials news, insider Michael R. Mills sold 3,738 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total transaction of $502,985.28. Following the transaction, the insider now owns 44,581 shares in the company, valued at $5,998,819.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael R. Mills sold 4,659 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the transaction, the insider now owns 45,351 shares in the company, valued at approximately $6,043,020.75. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.
Vulcan Materials (VMC) traded up $0.21 during trading hours on Friday, reaching $115.02. The company had a trading volume of 770,366 shares, compared to its average volume of 1,462,363. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $141.20. The firm has a market capitalization of $15,121.54, a P/E ratio of 25.80, a P/E/G ratio of 1.18 and a beta of 0.95. The company has a quick ratio of 1.80, a current ratio of 2.66 and a debt-to-equity ratio of 0.57.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Friday, February 16th. The construction company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Vulcan Materials had a return on equity of 8.68% and a net margin of 15.45%. The firm had revenue of $977.50 million for the quarter, compared to the consensus estimate of $929.36 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. equities analysts predict that Vulcan Materials will post 4.41 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, February 22nd. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.25. Vulcan Materials’s dividend payout ratio (DPR) is 25.11%.
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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