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Equities researchers at Singular Research lifted their price target on shares of Vulcan Materials Company (NYSE:VMC) from $33.00 to $35.00 in a research report issued on Monday. The firm currently has a “sell” rating on the stock. Singular Research’s price target suggests a potential downside of 43.52% from the company’s current price.

Vulcan Materials Company (NYSE:VMC) traded up 0.19% during mid-day trading on Monday, hitting $62.09. 337,254 shares of the company’s stock traded hands. Vulcan Materials Company has a one year low of $46.78 and a one year high of $69.50. The stock’s 50-day moving average is $64.06 and its 200-day moving average is $64.03. The company has a market cap of $8.128 billion and a price-to-earnings ratio of 54.74.

Vulcan Materials Company (NYSE:VMC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.01. The company had revenue of $791.10 million for the quarter, compared to the consensus estimate of $770.72 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that Vulcan Materials Company will post $0.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Monday, August 25th. This is a positive change from Vulcan Materials Company’s previous quarterly dividend of $0.05.

A number of other firms have also recently commented on VMC. Analysts at Zacks reiterated a “neutral” rating on shares of Vulcan Materials Company in a research note on Thursday. They now have a $66.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Vulcan Materials Company from $69.00 to $67.00 in a research note on Wednesday, August 6th. Finally, analysts at RBC Capital downgraded shares of Vulcan Materials Company from an “outperform” rating to a “sector perform” rating in a research note on Monday, July 14th. They now have a $70.00 price target on the stock, down previously from $74.00. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Vulcan Materials Company has an average rating of “Hold” and a consensus price target of $60.29.

Vulcan Materials Company, is a producer of construction aggregates primarily crushed stone, sand, and gravel.

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