Vulcan Materials (VMC) Receives $140.50 Consensus Price Target from Analysts

Shares of Vulcan Materials (NYSE:VMC) have been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $142.13.

A number of equities analysts recently commented on VMC shares. Citigroup reaffirmed a “buy” rating and set a $140.00 price target (down from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $154.00 price target on shares of Vulcan Materials in a research report on Tuesday, October 10th. Jefferies Group reaffirmed a “hold” rating and set a $122.00 price target on shares of Vulcan Materials in a research report on Friday, October 13th. Bank of America lowered their price target on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Thursday, October 19th. Finally, Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th.

In other Vulcan Materials news, insider Michael R. Mills sold 4,659 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the transaction, the insider now directly owns 45,351 shares of the company’s stock, valued at approximately $6,043,020.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.89% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Vulcan Materials by 2.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 418,466 shares of the construction company’s stock valued at $53,012,000 after purchasing an additional 11,647 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Vulcan Materials by 15.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,904 shares of the construction company’s stock valued at $4,168,000 after purchasing an additional 4,472 shares in the last quarter. Keybank National Association OH boosted its stake in shares of Vulcan Materials by 1.5% in the 2nd quarter. Keybank National Association OH now owns 13,273 shares of the construction company’s stock valued at $1,681,000 after purchasing an additional 192 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Vulcan Materials by 7.5% in the 2nd quarter. Principal Financial Group Inc. now owns 554,208 shares of the construction company’s stock valued at $70,207,000 after purchasing an additional 38,479 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Vulcan Materials by 3.1% in the 2nd quarter. Swiss National Bank now owns 483,642 shares of the construction company’s stock valued at $61,268,000 after purchasing an additional 14,700 shares in the last quarter. 89.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Vulcan Materials (NYSE:VMC) traded down $1.48 on Monday, hitting $131.90. 1,282,600 shares of the stock traded hands, compared to its average volume of 1,270,000. The company has a market capitalization of $17,450.00, a price-to-earnings ratio of 45.02, a PEG ratio of 1.98 and a beta of 0.87. Vulcan Materials has a 52 week low of $108.95 and a 52 week high of $136.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.36). Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company earned $1.01 earnings per share. Vulcan Materials’s revenue for the quarter was up 8.6% compared to the same quarter last year. sell-side analysts expect that Vulcan Materials will post 3.01 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, November 21st. Vulcan Materials’s dividend payout ratio is currently 34.13%.

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About Vulcan Materials

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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