JPMorgan Chase & Co. Issues Positive Forecast for Vulcan Materials (NYSE:VMC) Stock Price

Vulcan Materials (NYSE:VMC) had its price target increased by JPMorgan Chase & Co. from $245.00 to $290.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Several other analysts have also recently weighed in on the company. Barclays lifted their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Stephens dropped their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Truist Financial lifted their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada dropped their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Finally, StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $283.92.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $286.39 on Wednesday. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 12 month low of $209.60 and a 12 month high of $298.31. The stock has a 50 day moving average of $263.91 and a 200-day moving average of $255.01. The company has a market capitalization of $37.82 billion, a P/E ratio of 45.17, a P/E/G ratio of 2.81 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.29 earnings per share. As a group, equities research analysts predict that Vulcan Materials will post 7.16 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were given a $0.46 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.64%. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

Institutional Investors Weigh In On Vulcan Materials

A number of institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. grew its position in shares of Vulcan Materials by 284.9% in the 3rd quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock valued at $11,104,000 after buying an additional 33,051 shares during the last quarter. Synovus Financial Corp raised its stake in Vulcan Materials by 20.1% during the 3rd quarter. Synovus Financial Corp now owns 21,619 shares of the construction company’s stock worth $5,415,000 after buying an additional 3,615 shares during the period. Tidal Investments LLC raised its stake in Vulcan Materials by 185.0% during the 3rd quarter. Tidal Investments LLC now owns 21,661 shares of the construction company’s stock worth $5,425,000 after buying an additional 14,061 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Vulcan Materials during the 3rd quarter worth approximately $671,000. Finally, Sanctuary Advisors LLC raised its stake in shares of Vulcan Materials by 6.9% in the third quarter. Sanctuary Advisors LLC now owns 25,176 shares of the construction company’s stock worth $6,305,000 after purchasing an additional 1,628 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.