Vulcan Materials (NYSE:VMC) Receives Consensus Rating of “Buy” from Analysts

Shares of Vulcan Materials (NYSE:VMCGet Rating) have been given a consensus recommendation of “Buy” by the seventeen brokerages that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $211.93.

Several research analysts recently commented on the stock. Citigroup reduced their target price on shares of Vulcan Materials from $231.00 to $224.00 in a report on Friday, February 18th. Truist Financial increased their target price on shares of Vulcan Materials from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, February 22nd. Morgan Stanley reduced their target price on shares of Vulcan Materials from $232.00 to $224.00 and set an “equal weight” rating for the company in a report on Monday, April 18th. Finally, StockNews.com assumed coverage on shares of Vulcan Materials in a report on Thursday, March 31st. They set a “hold” rating for the company.

In related news, Director Melissa H. Anderson acquired 500 shares of the company’s stock in a transaction dated Saturday, May 14th. The shares were bought at an average cost of $191.46 per share, with a total value of $95,730.00. Following the completion of the transaction, the director now directly owns 500 shares of the company’s stock, valued at $95,730. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.55% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in shares of Vulcan Materials by 4.2% in the first quarter. The Manufacturers Life Insurance Company now owns 105,245 shares of the construction company’s stock valued at $19,334,000 after acquiring an additional 4,238 shares in the last quarter. Toroso Investments LLC grew its stake in shares of Vulcan Materials by 13.8% in the first quarter. Toroso Investments LLC now owns 2,478 shares of the construction company’s stock valued at $455,000 after acquiring an additional 300 shares in the last quarter. Strategic Wealth Partners Ltd. grew its stake in shares of Vulcan Materials by 10.2% in the first quarter. Strategic Wealth Partners Ltd. now owns 9,370 shares of the construction company’s stock valued at $1,721,000 after acquiring an additional 865 shares in the last quarter. Golden State Equity Partners acquired a new position in shares of Vulcan Materials in the first quarter valued at about $375,000. Finally, Meiji Yasuda Life Insurance Co grew its stake in shares of Vulcan Materials by 3.6% in the first quarter. Meiji Yasuda Life Insurance Co now owns 10,886 shares of the construction company’s stock valued at $2,000,000 after acquiring an additional 381 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

Shares of Vulcan Materials stock traded down $2.52 on Friday, hitting $157.79. The company had a trading volume of 20,285 shares, compared to its average volume of 937,199. The firm has a market capitalization of $20.97 billion, a P/E ratio of 35.16, a P/E/G ratio of 1.42 and a beta of 0.70. Vulcan Materials has a twelve month low of $156.53 and a twelve month high of $213.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.86 and a quick ratio of 1.27. The stock has a 50-day moving average of $176.11 and a 200-day moving average of $187.78.

Vulcan Materials (NYSE:VMCGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The construction company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.11. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Vulcan Materials had a net margin of 9.99% and a return on equity of 10.49%. The business’s quarterly revenue was up 44.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. Equities analysts predict that Vulcan Materials will post 6.32 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 27th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, May 26th. Vulcan Materials’s payout ratio is presently 35.56%.

Vulcan Materials Company Profile (Get Rating)

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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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Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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