Shares of Vulcan Materials (NYSE:VMC – Get Rating) have received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $211.13.
A number of analysts recently commented on the company. DA Davidson dropped their price target on Vulcan Materials from $220.00 to $195.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Wolfe Research cut their price objective on Vulcan Materials from $211.00 to $194.00 and set an “outperform” rating for the company in a report on Thursday, July 14th. Truist Financial lowered their target price on Vulcan Materials to $200.00 in a research note on Tuesday, July 5th. Morgan Stanley lowered their price target on Vulcan Materials from $203.00 to $180.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Finally, The Goldman Sachs Group decreased their target price on Vulcan Materials from $215.00 to $189.00 and set a “neutral” rating for the company in a research report on Thursday, June 23rd.
Vulcan Materials Stock Performance
NYSE:VMC opened at $163.98 on Wednesday. The stock’s 50-day simple moving average is $153.81 and its 200 day simple moving average is $170.12. The firm has a market capitalization of $21.79 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81. The company has a quick ratio of 1.27, a current ratio of 1.86 and a debt-to-equity ratio of 0.59. Vulcan Materials has a twelve month low of $137.54 and a twelve month high of $213.65.
Vulcan Materials Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Wednesday, August 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.98%. The ex-dividend date is Tuesday, August 16th. Vulcan Materials’s payout ratio is 35.56%.
Insiders Place Their Bets
In related news, Director Melissa H. Anderson purchased 500 shares of Vulcan Materials stock in a transaction that occurred on Saturday, May 14th. The stock was purchased at an average price of $191.46 per share, for a total transaction of $95,730.00. Following the transaction, the director now directly owns 500 shares in the company, valued at $95,730. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP David P. Clement sold 3,377 shares of Vulcan Materials stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $165.23, for a total transaction of $557,981.71. Following the sale, the senior vice president now directly owns 3,970 shares in the company, valued at approximately $655,963.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Melissa H. Anderson purchased 500 shares of the business’s stock in a transaction that occurred on Saturday, May 14th. The shares were bought at an average price of $191.46 per share, for a total transaction of $95,730.00. Following the completion of the purchase, the director now directly owns 500 shares in the company, valued at $95,730. The disclosure for this purchase can be found here. Insiders own 0.57% of the company’s stock.
Institutional Trading of Vulcan Materials
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Key Financial Inc purchased a new stake in Vulcan Materials during the first quarter worth about $26,000. Achmea Investment Management B.V. acquired a new position in shares of Vulcan Materials in the first quarter valued at approximately $29,000. Bank of New Hampshire acquired a new position in shares of Vulcan Materials in the first quarter valued at approximately $38,000. Clear Street Markets LLC raised its position in shares of Vulcan Materials by 416.7% in the second quarter. Clear Street Markets LLC now owns 279 shares of the construction company’s stock valued at $40,000 after buying an additional 225 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of Vulcan Materials in the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 88.38% of the company’s stock.
About Vulcan Materials
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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