Vulcan Materials (VMC) PT Set at $150.00 by Citigroup
Other research analysts have also issued reports about the company. Barclays assumed coverage on Vulcan Materials in a report on Tuesday, December 12th. They issued an overweight rating and a $135.00 price objective on the stock. Zacks Investment Research raised Vulcan Materials from a strong sell rating to a hold rating in a report on Tuesday, December 12th. Jefferies Group reissued a hold rating and issued a $135.00 price objective on shares of Vulcan Materials in a report on Wednesday, January 17th. Bank of America increased their price objective on Vulcan Materials from $129.00 to $139.00 and gave the company a neutral rating in a report on Monday, February 5th. Finally, Stephens reissued a buy rating and issued a $158.00 price objective on shares of Vulcan Materials in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $145.11.
Vulcan Materials (VMC) opened at $117.74 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.00 and a current ratio of 1.49. The stock has a market capitalization of $15,570.00, a PE ratio of 53.52, a P/E/G ratio of 1.22 and a beta of 0.95. Vulcan Materials has a 1 year low of $108.95 and a 1 year high of $141.20.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.28 dividend. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, February 22nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.95%. Vulcan Materials’s dividend payout ratio is presently 50.91%.
In other news, insider Michael R. Mills sold 4,659 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $133.25, for a total value of $620,811.75. Following the sale, the insider now owns 45,351 shares in the company, valued at $6,043,020.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael R. Mills sold 3,738 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total value of $502,985.28. Following the completion of the sale, the insider now owns 44,581 shares in the company, valued at approximately $5,998,819.36. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter worth about $133,000. Tower Research Capital LLC TRC boosted its stake in shares of Vulcan Materials by 1,140.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,451 shares of the construction company’s stock worth $187,000 after buying an additional 1,334 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Vulcan Materials during the fourth quarter worth approximately $200,000. Dorsey & Whitney Trust CO LLC purchased a new position in Vulcan Materials during the fourth quarter worth approximately $205,000. Finally, Cetera Advisor Networks LLC purchased a new position in Vulcan Materials during the fourth quarter worth approximately $208,000. Hedge funds and other institutional investors own 89.22% of the company’s stock.
About Vulcan Materials
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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