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

Key Points

• Analyst consensus is “Hold” for Vulcan Materials, with eight buy, eight hold and one sell rating; the average 12-month price target is $318.21.
• Vulcan’s latest quarterly results exceeded expectations, with EPS of $2.59 versus the $2.46 consensus and revenue of $2.16 billion, up 2.5% year over year.
• Shares opened at $245.87, near the company’s 52-week low, while institutional investors own 90.39% of the stock; the company also pays a quarterly dividend of $0.52, yielding about 0.8% annually.

Vulcan Materials Company (NYSE:VMC - Get Free Report) has received a consensus rating of "Hold" from the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $318.21.

VMC has been the subject of several recent analyst reports. Raymond James Financial restated an "outperform" rating on shares of Vulcan Materials in a report on Wednesday, July 15th. Truist Financial cut their price objective on shares of Vulcan Materials from $360.00 to $320.00 and set a "buy" rating on the stock in a report on Monday. DA Davidson reissued a "buy" rating and issued a $330.00 target price on shares of Vulcan Materials in a research report on Monday, September 21st. Weiss Ratings downgraded shares of Vulcan Materials from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, September 24th. Finally, Wells Fargo & Company lowered their target price on shares of Vulcan Materials from $254.00 to $249.00 and set an "underweight" rating for the company in a report on Monday.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, Director J. Hill sold 14,000 shares of the company's stock in a transaction dated 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 sale, the director directly owned 58,209 shares in the company, valued at $16,075,579.53. This represents a 19.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David Clement sold 2,000 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was 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 approximately $1,914,731.60. This trade represents a 22.95% 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.

Institutional Trading of Vulcan Materials

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Vulcan Materials in the second quarter worth $2,868,444,000. Bank of America Corp DE acquired a new position in shares of Vulcan Materials during the 2nd quarter valued at $688,580,000. The Manufacturers Life Insurance Company acquired a new position in shares of Vulcan Materials during the 2nd quarter valued at $451,119,000. Stockbridge Partners LLC purchased a new stake in Vulcan Materials during the 2nd quarter worth $314,470,000. Finally, Veritas Asset Management LLP purchased a new stake in Vulcan Materials during the 2nd quarter worth $306,641,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Trading Up 1.2%

Shares of Vulcan Materials stock opened at $245.87 on Tuesday. Vulcan Materials has a fifty-two week low of $237.03 and a fifty-two week high of $331.09. The business's fifty day moving average is $264.15 and its two-hundred day moving average is $277.46. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The firm has a market cap of $31.86 billion, a PE ratio of 29.03, a P/E/G ratio of 2.36 and a beta of 1.05.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating analysts' consensus estimates of $2.46 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.42 earnings per share. Analysts anticipate that Vulcan Materials will post 9.1 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th were issued a $0.52 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. Vulcan Materials's dividend payout ratio (DPR) is presently 24.56%.

About Vulcan Materials

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.