Vulcan Materials - VMC Stock Forecast, Price & News

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 Aggregates segment 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. The Asphalt Mix segment offers asphalt mix in Alabama, Arizona, California, New Mexico, Tennessee, and Texas, as well as engages in the asphalt construction paving activity in Alabama, Tennessee, and Texas. The Concrete segment provides ready-mixed concrete in California, Maryland, New Jersey, New York, Oklahoma, Pennsylvania, Texas and Virginia, and Washington D.C. The Calcium segment mines, produces, and sells calcium products for the animal feed, plastics, and water treatment industries. The company was formerly known as Virginia Holdco, Inc. and changed its name to Vulcan Materials Company. Vulcan Materials Company was founded in 1909 and is headquartered in Birmingham, Alabama.

Vulcan Materials Stock Up 2.4 %

Shares of NYSE:VMC traded up $4.02 during mid-day trading on Wednesday, hitting $174.52. 535,514 shares of the stock traded hands, compared to its average volume of 812,577. The company has a market cap of $23.19 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 2.08 and a beta of 0.81. The stock has a fifty day moving average price of $154.25 and a 200-day moving average price of $169.46. Vulcan Materials has a 52 week low of $137.54 and a 52 week high of $213.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.85.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Wednesday, August 17th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Tuesday, August 16th. Vulcan Materials's dividend payout ratio is presently 36.04%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wolfe Research cut their target price on shares of Vulcan Materials from $211.00 to $194.00 and set an "outperform" rating on the stock in a report on Thursday, July 14th. The Goldman Sachs Group decreased their price objective on shares of Vulcan Materials from $215.00 to $189.00 and set a "neutral" rating on the stock in a research report on Thursday, June 23rd. Truist Financial lowered their price objective on shares of Vulcan Materials to $200.00 in a research note on Tuesday, July 5th. DA Davidson raised their target price on Vulcan Materials to $205.00 in a research note on Tuesday. Finally, Citigroup upped their price target on Vulcan Materials to $199.00 in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.13.

Insider Buying and Selling

In other Vulcan Materials news, Director Melissa H. Anderson acquired 500 shares of the business's stock in a transaction on Saturday, May 14th. The shares were acquired at an average price of $191.46 per share, for a total transaction of $95,730.00. Following the completion of the acquisition, the director now owns 500 shares in the company, valued at $95,730. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Melissa H. Anderson bought 500 shares of the business's stock in a transaction dated Saturday, May 14th. The shares were purchased at an average cost of $191.46 per share, with a total value of $95,730.00. Following the completion of the purchase, the director now owns 500 shares in the company, valued at approximately $95,730. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David P. Clement sold 3,377 shares of Vulcan Materials stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $165.23, for a total value of $557,981.71. Following the completion of the transaction, the senior vice president now directly owns 3,970 shares of the company's stock, valued at approximately $655,963.10. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.