Vulcan Materials (NYSE:VMC) Receives $284.33 Consensus Target Price from Brokerages

Vulcan Materials (NYSE:VMC) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $284.33.

VMC has been the topic of several research reports. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Truist Financial upped their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group started coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target on the stock. Finally, Barclays boosted their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SouthState Corp lifted its holdings in shares of Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after buying an additional 87 shares in the last quarter. Kings Path Partners LLC bought a new stake in Vulcan Materials in the 2nd quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new stake in Vulcan Materials in the 3rd quarter worth $30,000. UMB Bank n.a. boosted its holdings in shares of Vulcan Materials by 61.8% during the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after purchasing an additional 47 shares during the last quarter. Finally, Concord Wealth Partners purchased a new position in shares of Vulcan Materials during the third quarter valued at about $35,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Stock Down 0.8 %

VMC opened at $262.36 on Wednesday. Vulcan Materials has a twelve month low of $218.37 and a twelve month high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average price of $275.70 and a 200-day moving average price of $257.80. The stock has a market capitalization of $34.65 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 2.67 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share 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 analysts’ expectations of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. Vulcan Materials’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.29 earnings per share. Equities research analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 4th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Monday, November 4th. Vulcan Materials’s dividend payout ratio is currently 29.02%.

Vulcan Materials Company Profile

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.