Vulcan Materials (VMC) Stock Rating Upgraded by Nomura
Nomura upgraded shares of Vulcan Materials (NYSE:VMC) from a neutral rating to a buy rating in a report released on Thursday morning, MarketBeat Ratings reports. Nomura currently has $140.00 price objective on the construction company’s stock, up from their prior price objective of $100.00.
Several other analysts have also commented on the stock. ValuEngine raised shares of Vulcan Materials from a sell rating to a hold rating in a research note on Wednesday, November 7th. Citigroup cut their target price on shares of Vulcan Materials from $130.00 to $128.00 and set a buy rating for the company in a research note on Wednesday, October 31st. Barclays reissued a buy rating and set a $132.00 target price on shares of Vulcan Materials in a research note on Thursday, October 18th. Stephens set a $125.00 target price on shares of Vulcan Materials and gave the company a buy rating in a research note on Wednesday, October 17th. Finally, Bank of America lowered shares of Vulcan Materials from a neutral rating to an underperform rating and set a $103.00 target price for the company. in a research note on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $125.09.
Shares of Vulcan Materials stock traded down $0.19 on Thursday, hitting $103.20. The company had a trading volume of 20,142 shares, compared to its average volume of 1,051,769. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.70 and a quick ratio of 1.11. The stock has a market capitalization of $13.28 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 1.02 and a beta of 0.98. Vulcan Materials has a 52 week low of $82.52 and a 52 week high of $141.20.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Wednesday, November 21st will be given a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.12 annualized dividend and a dividend yield of 1.09%. Vulcan Materials’s dividend payout ratio (DPR) is presently 36.84%.
In other news, Chairman J Thomas Hill purchased 1,955 shares of Vulcan Materials stock in a transaction that occurred on Tuesday, November 6th. The stock was acquired at an average price of $101.66 per share, for a total transaction of $198,745.30. Following the transaction, the chairman now owns 57,348 shares in the company, valued at $5,829,997.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. Baldwin Investment Management LLC purchased a new stake in Vulcan Materials in the 2nd quarter worth approximately $632,000. FDx Advisors Inc. purchased a new stake in Vulcan Materials in the 2nd quarter worth approximately $263,000. Wolverine Asset Management LLC lifted its position in Vulcan Materials by 55,740.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 40,205 shares of the construction company’s stock worth $5,188,000 after buying an additional 40,133 shares in the last quarter. Sei Investments Co. lifted its position in Vulcan Materials by 45.4% in the 2nd quarter. Sei Investments Co. now owns 163,762 shares of the construction company’s stock worth $21,136,000 after buying an additional 51,168 shares in the last quarter. Finally, Bridgeworth LLC lifted its position in Vulcan Materials by 20.3% in the 2nd quarter. Bridgeworth LLC now owns 3,575 shares of the construction company’s stock worth $460,000 after buying an additional 603 shares in the last quarter. Institutional investors and hedge funds own 96.84% of the company’s stock.
About Vulcan Materials
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.
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