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%.

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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).

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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