Shares of Vulcan Materials (NYSE:VMC) have received a consensus rating of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $145.11.

Several analysts recently weighed in on the stock. Barclays assumed coverage on shares of Vulcan Materials in a report on Tuesday, December 12th. They issued an “overweight” rating and a $135.00 price target on the stock. Zacks Investment Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. Jefferies Group reiterated a “hold” rating and issued a $135.00 price target on shares of Vulcan Materials in a report on Wednesday, January 17th. Bank of America lifted their price target on shares of Vulcan Materials from $129.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Finally, Citigroup set a $150.00 price target on shares of Vulcan Materials and gave the company a “buy” rating in a report on Tuesday, February 27th.

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Vulcan Materials (NYSE VMC) traded down $0.74 during trading hours on Friday, reaching $114.16. 263,180 shares of the company traded hands, compared to its average volume of 1,469,431. The company has a market capitalization of $15,516.34, a PE ratio of 38.78, a P/E/G ratio of 1.22 and a beta of 0.95. Vulcan Materials has a twelve month low of $108.95 and a twelve month high of $141.20. The company has a current ratio of 2.66, a quick ratio of 1.80 and a debt-to-equity ratio of 0.57.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Friday, February 16th. The construction company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. The business had revenue of $977.50 million for the quarter, compared to analysts’ expectations of $929.36 million. Vulcan Materials had a net margin of 15.45% and a return on equity of 8.68%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share. analysts predict that Vulcan Materials will post 4.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.25. Vulcan Materials’s payout ratio is 25.11%.

In other news, insider Michael R. Mills sold 3,738 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total transaction of $502,985.28. Following the sale, the insider now owns 44,581 shares in the company, valued at approximately $5,998,819.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael R. Mills sold 4,659 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $133.25, for a total transaction of $620,811.75. Following the sale, the insider now owns 45,351 shares in the company, valued at approximately $6,043,020.75. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. AXA boosted its stake in Vulcan Materials by 46.3% in the 3rd quarter. AXA now owns 46,657 shares of the construction company’s stock worth $5,580,000 after purchasing an additional 14,759 shares in the last quarter. Selz Capital LLC bought a new position in Vulcan Materials in the 4th quarter worth about $17,972,000. Sei Investments Co. boosted its stake in Vulcan Materials by 33.3% in the 4th quarter. Sei Investments Co. now owns 96,548 shares of the construction company’s stock worth $12,393,000 after purchasing an additional 24,130 shares in the last quarter. Jennison Associates LLC boosted its stake in Vulcan Materials by 22.8% in the 4th quarter. Jennison Associates LLC now owns 731,273 shares of the construction company’s stock worth $93,874,000 after purchasing an additional 135,860 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in Vulcan Materials by 9.5% in the 4th quarter. Arizona State Retirement System now owns 72,894 shares of the construction company’s stock worth $9,357,000 after purchasing an additional 6,304 shares in the last quarter. Hedge funds and other institutional investors own 92.23% of the company’s stock.

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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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