Vulcan Materials (VMC) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Vulcan Materials (NYSE: VMC):

• 11/7/2024 – Vulcan Materials is now covered by analysts at UBS Group AG. They set a “buy” rating and a $349.00 price target on the stock.
• 11/1/2024 – Vulcan Materials was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/1/2024 – Vulcan Materials had its price target raised by analysts at Truist Financial Co. from $300.00 to $315.00. They now have a “buy” rating on the stock.
• 10/29/2024 – Vulcan Materials had its price target raised by analysts at Barclays PLC from $250.00 to $285.00. They now have an “overweight” rating on the stock.
• 10/12/2024 – Vulcan Materials was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/9/2024 – Vulcan Materials had its price target lowered by analysts at JPMorgan Chase & Co. from $250.00 to $245.00. They now have a “neutral” rating on the stock.
• 10/1/2024 – Vulcan Materials was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Vulcan Materials Stock Performance

NYSE:VMC opened at $287.68 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. Vulcan Materials has a 52-week low of $209.39 and a 52-week high of $298.31. The firm has a market cap of $37.99 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 2.77 and a beta of 0.81. The business’s fifty day moving average is $253.66 and its 200 day moving average is $253.55.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 earnings per share. Research analysts predict that Vulcan Materials will post 7.2 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be paid a $0.46 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.64%. Vulcan Materials’s dividend payout ratio is currently 29.02%.

Hedge Funds Weigh In On Vulcan Materials

Institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC increased its stake in Vulcan Materials by 118.1% in the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock worth $1,132,000 after acquiring an additional 2,245 shares during the last quarter. Mather Group LLC. increased its stake in Vulcan Materials by 16.1% in the 2nd quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock worth $134,000 after acquiring an additional 68 shares during the last quarter. Raymond James & Associates increased its stake in Vulcan Materials by 3.0% in the 2nd quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock worth $50,367,000 after acquiring an additional 5,979 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Vulcan Materials by 150.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,006 shares of the construction company’s stock worth $1,093,000 after purchasing an additional 2,404 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of Vulcan Materials by 87.1% in the 1st quarter. Tidal Investments LLC now owns 9,591 shares of the construction company’s stock worth $2,618,000 after purchasing an additional 4,466 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.