Vulcan Materials (VMC) Receives $145.11 Consensus Target Price from Brokerages
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.
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.
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).
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