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Vulcan Materials Company (NYSE:VMC)‘s stock had its “buy” rating reaffirmed by stock analysts at Argus in a report issued on Thursday.

Shares of Vulcan Materials Company (NYSE:VMC) opened at 62.74 on Thursday. 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 $63.61 and its 200-day moving average is $64.14. The company has a market cap of $8.213 billion and a P/E ratio of 55.42.

Vulcan Materials Company (NYSE:VMC) last posted its quarterly earnings results 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 in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue 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 0.38%. 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 analysts have also recently weighed in on VMC. 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Vulcan Materials Company currently has a consensus rating of “Hold” and an average price target of $60.29.

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

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