Vulcan Materials (NYSE:VMC) Price Target Increased to $185.00 by Analysts at JPMorgan Chase & Co.

Vulcan Materials (NYSE:VMCGet Rating) had its price target increased by JPMorgan Chase & Co. from $170.00 to $185.00 in a research note issued to investors on Thursday, The Fly reports.

VMC has been the topic of a number of other reports. StockNews.com raised shares of Vulcan Materials from a sell rating to a hold rating in a research report on Friday, August 19th. Vertical Research raised shares of Vulcan Materials from a hold rating to a buy rating in a research report on Monday, September 12th. DA Davidson boosted their price objective on shares of Vulcan Materials to $205.00 in a research report on Tuesday, August 9th. Raymond James upgraded shares of Vulcan Materials from a market perform rating to an outperform rating in a report on Friday, August 19th. Finally, The Goldman Sachs Group dropped their target price on shares of Vulcan Materials from $215.00 to $189.00 and set a neutral rating on the stock in a report on Thursday, June 23rd. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $209.19.

Vulcan Materials Stock Down 0.9 %

Shares of Vulcan Materials stock opened at $158.96 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The company’s fifty day simple moving average is $166.20 and its two-hundred day simple moving average is $166.27. The company has a market cap of $21.13 billion, a P/E ratio of 35.80, a PEG ratio of 2.09 and a beta of 0.79. Vulcan Materials has a 12-month low of $137.54 and a 12-month high of $213.65.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Wednesday, August 17th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.01%. The ex-dividend date was Tuesday, August 16th. Vulcan Materials’s dividend payout ratio is currently 36.04%.

Hedge Funds Weigh In On Vulcan Materials

Several hedge funds and other institutional investors have recently bought and sold shares of VMC. Private Advisor Group LLC bought a new position in Vulcan Materials during the 4th quarter valued at about $385,000. Rockefeller Capital Management L.P. lifted its stake in Vulcan Materials by 0.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,832 shares of the construction company’s stock valued at $2,870,000 after acquiring an additional 118 shares during the period. Mutual Advisors LLC bought a new position in Vulcan Materials during the 4th quarter valued at about $371,000. Nissay Asset Management Corp Japan ADV increased its position in shares of Vulcan Materials by 2.6% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 15,802 shares of the construction company’s stock valued at $3,280,000 after purchasing an additional 393 shares during the last quarter. Finally, Blair William & Co. IL increased its position in shares of Vulcan Materials by 3.8% during the 4th quarter. Blair William & Co. IL now owns 80,868 shares of the construction company’s stock valued at $16,787,000 after purchasing an additional 2,995 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

About Vulcan Materials

(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.

Featured Stories

The Fly logo

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.