Vulcan Materials' (VMC) "Overweight" Rating Reaffirmed at Stephens

Stephens restated their overweight rating on shares of Vulcan Materials (NYSE:VMC - Free Report) in a report published on Thursday,Benzinga reports. They currently have a $325.00 price target on the construction company's stock.

A number of other research firms have also recently weighed in on VMC. StockNews.com raised shares of Vulcan Materials from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Truist Financial lifted their price target 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. Barclays upped their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lifted their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Finally, UBS Group initiated coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a "buy" rating and a $349.00 target price for the company. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $288.08.

Vulcan Materials Stock Down 0.6 %

Shares of Vulcan Materials stock traded down $1.66 during trading on Thursday, hitting $255.57. 641,772 shares of the stock were exchanged, compared to its average volume of 828,156. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The firm's 50-day moving average price is $275.80 and its 200 day moving average price is $257.99. The stock has a market cap of $33.75 billion, a price-to-earnings ratio of 40.31, a price-to-earnings-growth ratio of 2.67 and a beta of 0.81. Vulcan Materials has a 12-month low of $218.37 and a 12-month high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (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 business had revenue of $2 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the firm earned $2.29 earnings per share. The firm's quarterly revenue was down 8.3% on a year-over-year basis. As a group, analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were given a $0.46 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.72%. Vulcan Materials's dividend payout ratio is presently 29.02%.

Hedge Funds Weigh In On Vulcan Materials

Institutional investors have recently made changes to their positions in the stock. United Asset Strategies Inc. lifted its stake in shares of Vulcan Materials by 1.1% during the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company's stock valued at $938,000 after buying an additional 39 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Vulcan Materials by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company's stock valued at $498,000 after acquiring an additional 44 shares during the last quarter. Marcum Wealth LLC lifted its stake in shares of Vulcan Materials by 5.7% during the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company's stock worth $214,000 after purchasing an additional 46 shares during the period. Golden State Equity Partners boosted its holdings in shares of Vulcan Materials by 4.5% during the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company's stock worth $275,000 after purchasing an additional 47 shares during the last quarter. Finally, Valley Brook Capital Group Inc. boosted its holdings in shares of Vulcan Materials by 5.1% during the third quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company's stock worth $257,000 after purchasing an additional 50 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Company Profile

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.