Vulcan Materials (NYSE:VMC) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Vulcan Materials (NYSE:VMC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $258.01 and traded as high as $260.28. Vulcan Materials shares last traded at $257.23, with a volume of 389,209 shares traded.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VMC shares. UBS Group initiated coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target on the stock. JPMorgan Chase & Co. upped their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research 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 stock a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Barclays upped their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $284.33.

Vulcan Materials Stock Down 0.4 %

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 company’s fifty day moving average is $275.81 and its 200-day moving average is $258.01. The company has a market cap of $33.97 billion, a PE ratio of 40.57, a PEG ratio of 2.67 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company’s revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.29 EPS. On average, analysts predict that Vulcan Materials will post 7.16 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Monday, November 4th. Vulcan Materials’s dividend payout ratio is presently 29.02%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. boosted its stake in shares of Vulcan Materials by 6.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,353 shares of the construction company’s stock worth $330,000 after acquiring an additional 86 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Vulcan Materials by 284.9% during the 3rd quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock worth $11,104,000 after acquiring an additional 33,051 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of Vulcan Materials by 20.1% during the 3rd quarter. Synovus Financial Corp now owns 21,619 shares of the construction company’s stock worth $5,415,000 after acquiring an additional 3,615 shares during the last quarter. Tidal Investments LLC raised its position in shares of Vulcan Materials by 185.0% during the 3rd quarter. Tidal Investments LLC now owns 21,661 shares of the construction company’s stock valued at $5,425,000 after purchasing an additional 14,061 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Vulcan Materials during the 3rd quarter valued at $671,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.