Vulcan Materials Company (NYSE:VMC) Stock Has Average Target Price of $318.21 According to Analysts

Shares of Vulcan Materials Company (NYSE:VMC) have earned an average rating of “Hold” from the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $313.43.

Several research firms recently issued reports on VMC. Citigroup dropped their price target on shares of Vulcan Materials from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Truist Financial reduced their price target on shares of Vulcan Materials from $360.00 to $320.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Weiss Ratings downgraded Vulcan Materials from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Wells Fargo & Company cut their target price on shares of Vulcan Materials from $254.00 to $249.00 and set an “underweight” rating on the stock in a research report on Monday, October 5th. Finally, Wall Street Zen lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the completion of the transaction, the senior vice president owned 6,716 shares in the company, valued at $1,914,731.60. This represents a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J. Hill sold 14,000 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the completion of the transaction, the director directly owned 58,209 shares of the company’s stock, valued at approximately $16,075,579.53. The trade was a 19.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.65% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vulcan Materials

A number of large investors have recently bought and sold shares of VMC. Burkett Financial Services LLC acquired a new stake in shares of Vulcan Materials during the second quarter worth $25,000. Meeder Asset Management Inc. lifted its stake in Vulcan Materials by 71.7% during the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after purchasing an additional 43 shares during the last quarter. Reflection Asset Management bought a new stake in shares of Vulcan Materials during the 4th quarter worth $37,000. Clearstead Trust LLC bought a new position in shares of Vulcan Materials in the second quarter worth about $37,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Vulcan Materials in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $245.08 on Tuesday. Vulcan Materials has a 1-year low of $237.03 and a 1-year high of $331.09. The firm has a market capitalization of $31.76 billion, a PE ratio of 28.94, a PEG ratio of 2.47 and a beta of 1.05. The business’s 50 day moving average is $260.80 and its 200-day moving average is $276.92. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%. Vulcan Materials’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.42 earnings per share. Sell-side analysts predict that Vulcan Materials will post 9.10 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, November 9th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, November 9th. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. Vulcan Materials’s payout ratio is 24.56%.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE:VMC) is a major producer and supplier of construction materials in the United States. The company primarily produces and distributes construction aggregates, including crushed stone, sand and gravel, which are used in infrastructure, commercial, residential and industrial projects.

In addition to aggregates, Vulcan produces asphalt mix and ready-mixed concrete and provides related construction-material services. Its products support highways, bridges, airports, buildings and other essential infrastructure.