Vulcan Materials (NYSE:VMC) Receives $272.45 Consensus Price Target from Brokerages

Shares of Vulcan Materials (NYSE:VMC) have earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $272.45.

A number of analysts have recently commented on VMC shares. Citigroup cut their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Loop Capital cut their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Royal Bank of Canada decreased their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Stephens cut their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, StockNews.com cut Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday.

Institutional Investors Weigh In On Vulcan Materials

A number of institutional investors have recently added to or reduced their stakes in VMC. Register Financial Advisors LLC purchased a new stake in shares of Vulcan Materials during the 1st quarter worth approximately $27,000. SouthState Corp raised its stake in Vulcan Materials by 669.2% in the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after acquiring an additional 87 shares during the period. Kings Path Partners LLC purchased a new stake in Vulcan Materials during the second quarter valued at about $27,000. Opal Wealth Advisors LLC bought a new position in Vulcan Materials during the first quarter worth about $33,000. Finally, UMB Bank n.a. increased its stake in shares of Vulcan Materials by 61.8% in the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after purchasing an additional 47 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $247.51 on Friday. The stock has a fifty day moving average of $243.67 and a 200-day moving average of $252.83. The stock has a market capitalization of $32.73 billion, a P/E ratio of 36.13, a price-to-earnings-growth ratio of 2.28 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $278.79.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.12). Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm posted $2.29 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Vulcan Materials will post 7.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.74%. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

About Vulcan Materials

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.