Shares of Vulcan Materials (NYSE:VMC – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $274.75.
Several research analysts have weighed in on VMC shares. JPMorgan Chase & Co. lowered their price target on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Royal Bank of Canada dropped their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Stephens decreased their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Truist Financial boosted their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Barclays raised their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th.
View Our Latest Stock Report on VMC
Institutional Trading of Vulcan Materials
Vulcan Materials Stock Performance
Shares of VMC stock opened at $268.86 on Tuesday. Vulcan Materials has a 12 month low of $206.11 and a 12 month high of $279.47. The company’s fifty day simple moving average is $248.07 and its 200-day simple moving average is $252.25. The firm has a market cap of $35.51 billion, a PE ratio of 42.41, a P/E/G ratio of 2.60 and a beta of 0.80. The company has a quick ratio of 1.66, a current ratio of 2.86 and a debt-to-equity ratio of 0.42.
Vulcan Materials (NYSE:VMC – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period last year, the firm earned $2.29 earnings per share. Equities research analysts expect that Vulcan Materials will post 7.32 EPS for the current fiscal year.
Vulcan Materials Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.46 per share. The ex-dividend date is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.68%. Vulcan Materials’s dividend payout ratio (DPR) is currently 29.02%.
Vulcan Materials Company Profile
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.
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