Shares of Vulcan Materials (NYSE:VMC – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $202.36.
VMC has been the subject of several research analyst reports. Royal Bank of Canada lifted their price target on shares of Vulcan Materials from $191.00 to $193.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. Truist Financial lifted their price target on shares of Vulcan Materials from $210.00 to $225.00 in a research note on Friday, February 17th. Morgan Stanley decreased their target price on shares of Vulcan Materials from $199.00 to $191.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 21st. Seaport Res Ptn reissued a “neutral” rating on shares of Vulcan Materials in a research report on Friday, February 10th. Finally, Stifel Nicolaus boosted their target price on shares of Vulcan Materials from $215.00 to $227.00 and gave the stock a “buy” rating in a research report on Monday, December 19th.
Institutional Trading of Vulcan Materials
Institutional investors and hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC purchased a new position in Vulcan Materials during the second quarter valued at approximately $26,000. CI Investments Inc. increased its position in Vulcan Materials by 956.3% during the third quarter. CI Investments Inc. now owns 169 shares of the construction company’s stock valued at $27,000 after acquiring an additional 153 shares during the last quarter. Achmea Investment Management B.V. bought a new position in Vulcan Materials during the first quarter valued at $29,000. General Partner Inc. purchased a new stake in shares of Vulcan Materials during the fourth quarter valued at $30,000. Finally, HBC Financial Services PLLC purchased a new stake in shares of Vulcan Materials during the fourth quarter valued at $30,000. 90.08% of the stock is currently owned by institutional investors.
Vulcan Materials Stock Performance
Vulcan Materials (NYSE:VMC – Get Rating) last issued its earnings results on Thursday, February 16th. The construction company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.18). The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.84 billion. Vulcan Materials had a net margin of 7.87% and a return on equity of 10.09%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 EPS. As a group, research analysts predict that Vulcan Materials will post 6 EPS for the current fiscal year.
Vulcan Materials Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Monday, March 6th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.06%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, March 3rd. Vulcan Materials’s dividend payout ratio (DPR) is presently 39.91%.
About Vulcan Materials
Vulcan Materials Co engages in the provision of basic materials and supply for the infrastructure and construction industries. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.
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