Vulcan Materials Company Receives Average Rating of “Hold” from Analysts (NYSE:VMC)
Vulcan Materials Company (NYSE:VMC) has earned an average recommendation of “Hold” from the ten analysts that are currently covering the company, AR Network reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned 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.
Shares of Vulcan Materials Company (NYSE:VMC) opened at 63.08 on Monday. Vulcan Materials Company has a 52-week low of $47.15 and a 52-week high of $69.50. The stock’s 50-day moving average is $63.60 and its 200-day moving average is $64.13. The company has a market cap of $8.258 billion and a price-to-earnings ratio of 55.42.
Vulcan Materials Company (NYSE:VMC) last announced its earnings results 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. On average, analysts predict that Vulcan Materials Company will post $0.86 earnings per share 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 research firms have recently commented on VMC. Analysts at Argus reiterated a “buy” rating on shares of Vulcan Materials Company in a research note on Thursday. Separately, 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. Finally, 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.
Vulcan Materials Company, is a producer of construction aggregates primarily crushed stone, sand, and gravel.
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