Vulcan Materials (NYSE:VMC) Receives $274.73 Consensus Price Target from Brokerages

Shares of Vulcan Materials (NYSE:VMC) have been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $274.73.

A number of equities analysts recently issued reports on the company. Citigroup decreased their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Stephens cut their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Truist Financial decreased their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada cut their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, Loop Capital decreased their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd.

Vulcan Materials Stock Performance

NYSE:VMC opened at $252.05 on Monday. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $248.39 and a 200-day moving average of $255.48. Vulcan Materials has a twelve month low of $190.51 and a twelve month high of $278.79. The firm has a market cap of $33.33 billion, a price-to-earnings ratio of 36.80, a price-to-earnings-growth ratio of 2.25 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.29 earnings per share. Analysts forecast that Vulcan Materials will post 7.73 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 15th. Vulcan Materials’s dividend payout ratio is currently 26.86%.

Institutional Trading of Vulcan Materials

Several hedge funds and other institutional investors have recently modified their holdings of VMC. Vanguard Group Inc. increased its position in Vulcan Materials by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock worth $4,368,273,000 after purchasing an additional 755,991 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Vulcan Materials by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 4,494,455 shares of the construction company’s stock valued at $1,226,627,000 after buying an additional 83,601 shares in the last quarter. Capital World Investors acquired a new position in Vulcan Materials in the first quarter worth approximately $388,027,000. Dimensional Fund Advisors LP raised its position in Vulcan Materials by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company’s stock valued at $331,404,000 after acquiring an additional 43,294 shares in the last quarter. Finally, Norges Bank acquired a new stake in Vulcan Materials in the fourth quarter valued at approximately $282,528,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.