Vulcan Materials Company (VMC) Receives Average Recommendation of “Hold” from Analysts
Vulcan Materials Company (NYSE:VMC) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $140.00.
A number of research analysts have recently commented on the stock. Jefferies Group set a $114.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Citigroup reaffirmed a “buy” rating and set a $140.00 target price (down previously from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a report on Tuesday, October 10th. Finally, Bank of America reduced their target price on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Thursday, October 19th.
In other news, insider Michael R. Mills sold 981 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total value of $115,316.55. Following the completion of the transaction, the insider now directly owns 23,871 shares in the company, valued at approximately $2,806,036.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.89% of the company’s stock.
Shares of Vulcan Materials (NYSE:VMC) traded down $1.60 during trading hours on Thursday, hitting $121.11. 1,238,600 shares of the company were exchanged, compared to its average volume of 1,260,254. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60. Vulcan Materials has a fifty-two week low of $108.95 and a fifty-two week high of $136.82. The firm has a market capitalization of $16,232.63, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 2.39 and a beta of 0.88.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.36). Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. equities analysts predict that Vulcan Materials will post 3.04 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, November 21st. Vulcan Materials’s dividend payout ratio is currently 34.97%.
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About Vulcan Materials
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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