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.

Several large investors have recently modified their holdings of the company. CIBC Asset Management Inc increased its position in Vulcan Materials by 2.9% during the 2nd quarter. CIBC Asset Management Inc now owns 13,690 shares of the construction company’s stock worth $1,734,000 after purchasing an additional 382 shares in the last quarter. Korea Investment CORP increased its position in Vulcan Materials by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock worth $156,000 after purchasing an additional 718 shares in the last quarter. IFP Advisors Inc increased its position in Vulcan Materials by 3.9% during the 2nd quarter. IFP Advisors Inc now owns 2,669 shares of the construction company’s stock worth $338,000 after purchasing an additional 101 shares in the last quarter. Advisor Partners LLC bought a new stake in Vulcan Materials during the 2nd quarter worth approximately $204,000. Finally, Pioneer Investment Management Inc. grew its holdings in Vulcan Materials by 17.1% during the 2nd quarter. Pioneer Investment Management Inc. now owns 160,341 shares of the construction company’s stock worth $20,312,000 after acquiring an additional 23,403 shares during the last quarter. Institutional investors own 89.10% 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).

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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