Analysts Set Vulcan Materials (NYSE:VMC) Price Target at $301.18

Vulcan Materials (NYSE:VMC - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $301.18.

A number of equities research analysts have issued reports on VMC shares. JPMorgan Chase & Co. increased their price target on Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 27th. Citigroup cut their price objective on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating for the company in a research report on Monday, January 6th. UBS Group assumed coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a "buy" rating and a $349.00 price objective for the company. Barclays raised their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. Finally, Truist Financial raised their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, November 1st.

Vulcan Materials Price Performance

VMC stock traded up $1.25 during trading on Thursday, reaching $270.58. The company's stock had a trading volume of 927,825 shares, compared to its average volume of 647,540. Vulcan Materials has a 1 year low of $225.36 and a 1 year high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $35.73 billion, a P/E ratio of 42.68, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84. The company's fifty day moving average is $267.64 and its 200-day moving average is $261.49.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.49 dividend. This is an increase from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.72%. Vulcan Materials's dividend payout ratio (DPR) is presently 29.02%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in Vulcan Materials in the third quarter worth about $30,000. Murphy & Mullick Capital Management Corp bought a new stake in Vulcan Materials in the fourth quarter worth about $30,000. SBI Securities Co. Ltd. bought a new stake in Vulcan Materials in the fourth quarter worth about $31,000. Generali Asset Management SPA SGR bought a new stake in Vulcan Materials in the fourth quarter worth about $32,000. Finally, Concord Wealth Partners bought a new stake in Vulcan Materials in the third quarter worth about $35,000. 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.