Vulcan Materials Company Given Consensus Rating of “Hold” by Brokerages (NYSE:VMC)
Shares of Vulcan Materials Company (NYSE:VMC) have earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, AnalystRatingsNetwork reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $60.29.
VMC has been the subject of a number of recent research reports. Analysts at Singular Research raised their price target on shares of Vulcan Materials Company from $33.00 to $35.00 in a research note on Monday, August 11th. They now have a “sell” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Vulcan Materials Company in a research note on Thursday, August 7th. They now have a $66.00 price target on the stock. Finally, 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.
Vulcan Materials Company (NYSE:VMC) opened at 61.47 on Monday. Vulcan Materials Company has a 1-year low of $47.15 and a 1-year high of $69.50. The stock’s 50-day moving average is $63.71 and its 200-day moving average is $64.10. The company has a market cap of $8.047 billion and a P/E ratio of 54.30.
Vulcan Materials Company (NYSE:VMC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.23 earnings per share. Vulcan Materials Company’s revenue was up 7.1% compared to the same quarter last year. 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. Investors 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 an increase from Vulcan Materials Company’s previous quarterly dividend of $0.05.
Vulcan Materials Company, is a producer of construction aggregates primarily crushed stone, sand, and gravel.
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