Vulcan Materials Company (NYSE:VMC) Receives $138.60 Consensus PT from Analysts
Shares of Vulcan Materials Company (NYSE:VMC) have earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $138.60.
VMC has been the topic of several research reports. Zacks Investment Research downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Citigroup Inc. restated a “buy” rating on shares of Vulcan Materials in a research report on Thursday, May 11th. Argus upped their target price on shares of Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, June 9th. BidaskClub downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a research report on Monday, June 19th.
Vulcan Materials (NYSE VMC) traded down 0.3036% during mid-day trading on Friday, hitting $121.4701. 352,546 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $127.27 and a 200 day moving average of $124.16. Vulcan Materials has a 52 week low of $105.71 and a 52 week high of $138.18. The stock has a market capitalization of $16.08 billion, a P/E ratio of 39.1082 and a beta of 0.93.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by $0.32. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.07 billion. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS. Equities analysts forecast that Vulcan Materials will post $3.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, August 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.82%. Vulcan Materials’s payout ratio is presently 32.36%.
In related news, insider Stanley G. Bass sold 4,413 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $582,516.00. Following the sale, the insider now directly owns 21,939 shares in the company, valued at approximately $2,895,948. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ejaz A. Khan sold 2,024 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $125.30, for a total transaction of $253,607.20. The disclosure for this sale can be found here. Insiders sold a total of 6,743 shares of company stock worth $876,515 over the last quarter. 0.89% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in VMC. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Vulcan Materials during the first quarter worth $105,000. NN Investment Partners Holdings N.V. boosted its stake in shares of Vulcan Materials by 25.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock worth $126,000 after buying an additional 200 shares during the period. Alexandria Capital LLC boosted its stake in shares of Vulcan Materials by 32.3% in the first quarter. Alexandria Capital LLC now owns 1,230 shares of the construction company’s stock worth $148,000 after buying an additional 300 shares during the period. Korea Investment CORP boosted its stake in shares of Vulcan Materials by 140.5% in the second quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock worth $156,000 after buying an additional 718 shares during the period. Finally, NEXT Financial Group Inc boosted its stake in shares of Vulcan Materials by 405.7% in the first quarter. NEXT Financial Group Inc now owns 1,497 shares of the construction company’s stock worth $181,000 after buying an additional 1,201 shares during the period. Institutional investors and hedge funds own 85.60% of the company’s stock.
Vulcan Materials Company Profile
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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