Vulcan Materials (NYSE:VMC) Receives $283.92 Average Price Target from Analysts

Vulcan Materials (NYSE:VMC) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $283.92.

VMC has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Truist Financial lifted their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Royal Bank of Canada lowered their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, Barclays increased their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $287.08 on Friday. Vulcan Materials has a fifty-two week low of $210.85 and a fifty-two week high of $298.31. The company has a market capitalization of $37.91 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 2.79 and a beta of 0.81. The stock has a fifty day moving average of $265.98 and a two-hundred day moving average of $255.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business posted $2.29 EPS. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts anticipate that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Monday, November 4th. Vulcan Materials’s dividend payout ratio is presently 29.02%.

Hedge Funds Weigh In On Vulcan Materials

Institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its stake in shares of Vulcan Materials by 62.1% in the first quarter. Janus Henderson Group PLC now owns 30,226 shares of the construction company’s stock valued at $8,247,000 after purchasing an additional 11,583 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Vulcan Materials during the first quarter valued at about $282,000. Swedbank AB purchased a new stake in shares of Vulcan Materials during the first quarter worth about $519,000. Cetera Investment Advisers lifted its stake in shares of Vulcan Materials by 111.5% in the first quarter. Cetera Investment Advisers now owns 14,423 shares of the construction company’s stock worth $3,936,000 after acquiring an additional 7,603 shares in the last quarter. Finally, Cetera Advisors LLC lifted its stake in shares of Vulcan Materials by 118.1% in the first quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock worth $1,132,000 after acquiring an additional 2,245 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About Vulcan Materials

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.