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.
Analysts Set New Price Targets
Several research firms have recently issued reports on VMC. Wolfe Research decreased their price target on Vulcan Materials from $211.00 to $194.00 and set an "outperform" rating for the company in a research note on Thursday, July 14th. DA Davidson decreased their target price on Vulcan Materials from $220.00 to $195.00 and set a "buy" rating for the company in a research note on Tuesday, July 19th. The Goldman Sachs Group decreased their target price on Vulcan Materials from $215.00 to $189.00 and set a "neutral" rating for the company in a research note on Thursday, June 23rd. Morgan Stanley decreased their target price on Vulcan Materials from $203.00 to $180.00 and set an "equal weight" rating for the company in a research note on Monday, July 18th. Finally, Truist Financial decreased their target price on Vulcan Materials to $200.00 in a research note on Tuesday, July 5th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $211.13.
Vulcan Materials Stock Performance
Vulcan Materials stock traded up $1.60 during trading hours on Friday, hitting $172.02. The stock had a trading volume of 1,120,075 shares, compared to its average volume of 617,747. The company has a 50-day moving average of $154.09 and a two-hundred day moving average of $169.68. The company has a quick ratio of 1.27, a current ratio of 1.85 and a debt-to-equity ratio of 0.57. The company has a market cap of $22.86 billion, a PE ratio of 38.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81. Vulcan Materials has a fifty-two week low of $137.54 and a fifty-two week high of $213.65.
Vulcan Materials (NYSE:VMC - Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.62 by $0.11. Vulcan Materials had a return on equity of 10.23% and a net margin of 8.98%. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. The company's revenue for the quarter was up 44.2% on a year-over-year basis. On average, equities research analysts anticipate that Vulcan Materials will post 5.72 EPS for the current fiscal year.
Vulcan Materials Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Wednesday, August 17th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, August 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. Vulcan Materials's payout ratio is presently 36.04%.
Insider Transactions at Vulcan Materials
In other news, SVP David P. Clement sold 3,377 shares of the stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the SEC, which is available at this link. In other Vulcan Materials news, Director Melissa H. Anderson purchased 500 shares of the company's stock in a transaction that occurred on Saturday, May 14th. The stock was purchased at an average cost of $191.46 per share, with a total value of $95,730.00. Following the acquisition, the director now directly owns 500 shares of the company's stock, valued at approximately $95,730. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David P. Clement sold 3,377 shares of the firm's stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $165.23, for a total value of $557,981.71. Following the sale, the senior vice president now directly owns 3,970 shares of the company's stock, valued at $655,963.10. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.
