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.

How to Become a New Pot Stock Millionaire

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.

A number of hedge funds have recently made changes to their positions in VMC. Raymond James Financial Services Advisors Inc. grew its holdings in Vulcan Materials by 21.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 45,012 shares of the construction company’s stock valued at $5,384,000 after purchasing an additional 8,048 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Vulcan Materials by 1.2% in the third quarter. Prudential Financial Inc. now owns 192,089 shares of the construction company’s stock valued at $22,974,000 after acquiring an additional 2,187 shares during the period. Sei Investments Co. boosted its position in shares of Vulcan Materials by 27.8% in the third quarter. Sei Investments Co. now owns 72,418 shares of the construction company’s stock valued at $8,662,000 after acquiring an additional 15,741 shares during the period. New York State Common Retirement Fund boosted its position in shares of Vulcan Materials by 10.4% in the third quarter. New York State Common Retirement Fund now owns 446,488 shares of the construction company’s stock valued at $53,400,000 after acquiring an additional 42,197 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of Vulcan Materials by 12.1% in the third quarter. Toronto Dominion Bank now owns 50,169 shares of the construction company’s stock valued at $5,999,000 after acquiring an additional 5,397 shares during the period. Institutional investors own 92.23% 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%.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://www.watchlistnews.com/vulcan-materials-vmc-receives-145-11-average-pt-from-analysts/1957498.html.

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)

Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.