Vulcan Materials (NYSE:VMC) Given New $320.00 Price Target at Truist Financial

Vulcan Materials (NYSE:VMCFree Report) had its price objective boosted by Truist Financial from $300.00 to $320.00 in a report issued on Tuesday, Benzinga reports. Truist Financial currently has a buy rating on the construction company’s stock.

VMC has been the topic of several other research reports. The Goldman Sachs Group raised their price objective on Vulcan Materials from $264.00 to $292.00 and gave the stock a buy rating in a research note on Tuesday, February 20th. Raymond James lifted their target price on Vulcan Materials from $225.00 to $240.00 and gave the company an outperform rating in a research report on Thursday, January 25th. Morgan Stanley initiated coverage on Vulcan Materials in a research report on Monday, January 8th. They issued an equal weight rating and a $208.00 target price on the stock. Wolfe Research cut Vulcan Materials from an outperform rating to a peer perform rating in a report on Friday, March 8th. Finally, Royal Bank of Canada lifted their price target on Vulcan Materials from $236.00 to $269.00 and gave the stock a sector perform rating in a report on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $264.08.

Get Our Latest Stock Report on Vulcan Materials

Vulcan Materials Stock Down 1.3 %

NYSE:VMC opened at $266.15 on Tuesday. Vulcan Materials has a 12-month low of $162.00 and a 12-month high of $276.58. The company has a quick ratio of 2.39, a current ratio of 3.17 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $35.20 billion, a P/E ratio of 38.13, a P/E/G ratio of 1.99 and a beta of 0.83. The stock’s fifty day simple moving average is $254.02 and its 200-day simple moving average is $227.62.

Vulcan Materials (NYSE:VMCGet Free Report) last posted its quarterly earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.06. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company earned $1.08 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. Equities research analysts expect that Vulcan Materials will post 8.37 earnings per share for the current year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a dividend yield of 0.69%. Vulcan Materials’s dividend payout ratio is 26.36%.

Insider Transactions at Vulcan Materials

In other news, insider Stanley G. Bass sold 8,310 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the transaction, the insider now directly owns 29,311 shares in the company, valued at $7,376,992.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Vulcan Materials news, SVP Denson N. Franklin III sold 3,200 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the sale, the senior vice president now owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stanley G. Bass sold 8,310 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the sale, the insider now directly owns 29,311 shares in the company, valued at approximately $7,376,992.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,017 shares of company stock worth $3,344,741. Corporate insiders own 0.62% of the company’s stock.

Institutional Trading of Vulcan Materials

Institutional investors have recently bought and sold shares of the company. Commerce Bank boosted its position in shares of Vulcan Materials by 1.0% during the 4th quarter. Commerce Bank now owns 4,442 shares of the construction company’s stock worth $1,008,000 after purchasing an additional 43 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Vulcan Materials by 2.4% during the 4th quarter. Brighton Jones LLC now owns 1,916 shares of the construction company’s stock worth $435,000 after purchasing an additional 45 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Vulcan Materials by 3.9% during the 4th quarter. Vident Advisory LLC now owns 1,191 shares of the construction company’s stock worth $270,000 after purchasing an additional 45 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Vulcan Materials by 1.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,248 shares of the construction company’s stock worth $656,000 after purchasing an additional 51 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of Vulcan Materials by 2.3% during the 3rd quarter. Proficio Capital Partners LLC now owns 2,312 shares of the construction company’s stock worth $467,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

About Vulcan Materials

(Get Free Report)

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 company 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

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.