Vulcan Materials Company (NYSE:VMC) Receives Average Rating of “Hold” from Brokerages

Shares of Vulcan Materials Company (NYSE:VMC) have been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $326.9231.

Several analysts have issued reports on VMC shares. DA Davidson decreased their price target on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Truist Financial lifted their target price on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Wells Fargo & Company lifted their price objective on Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada lifted their price objective on Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th.

Hedge Funds Weigh In On Vulcan Materials

Several hedge funds and other institutional investors have recently modified their holdings of VMC. Westside Investment Management Inc. boosted its position in Vulcan Materials by 100.0% in the third quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after buying an additional 42 shares in the last quarter. NBT Bank N A NY bought a new position in shares of Vulcan Materials in the fourth quarter worth about $26,000. Meeder Asset Management Inc. raised its stake in shares of Vulcan Materials by 71.7% in the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after acquiring an additional 43 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in shares of Vulcan Materials in the third quarter worth about $29,000. Finally, Birchwood Financial Partners Inc. bought a new position in shares of Vulcan Materials in the fourth quarter worth about $29,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

NYSE VMC opened at $282.06 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The firm has a market capitalization of $36.60 billion, a price-to-earnings ratio of 33.54, a P/E/G ratio of 2.03 and a beta of 1.05. The company’s fifty day moving average is $280.29 and its two-hundred day moving average is $290.36. Vulcan Materials has a 52-week low of $252.35 and a 52-week high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.25. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. Equities research analysts forecast that Vulcan Materials will post 9.29 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, May 22nd. Vulcan Materials’s dividend payout ratio (DPR) is 24.73%.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.