Vulcan Materials (NYSE:VMC) Receives $284.33 Consensus Target Price from Brokerages

Shares of Vulcan Materials (NYSE:VMC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirteen brokerages that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $284.33.

Several research analysts have commented on VMC shares. StockNews.com upgraded shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Truist Financial increased their price objective on Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, November 1st. UBS Group initiated coverage on Vulcan Materials in a research note on Thursday, November 7th. They set a "buy" rating and a $349.00 target price on the stock. 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. Finally, Barclays lifted 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.

Institutional Investors Weigh In On Vulcan Materials

Institutional investors and hedge funds have recently modified their holdings of the stock. SouthState Corp raised its position in shares of Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company's stock worth $25,000 after purchasing an additional 87 shares during the period. Kings Path Partners LLC purchased a new position in Vulcan Materials in the 2nd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in Vulcan Materials during the 3rd quarter worth about $30,000. UMB Bank n.a. lifted its stake in Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company's stock valued at $31,000 after buying an additional 47 shares in the last quarter. Finally, Concord Wealth Partners acquired a new position in shares of Vulcan Materials in the third quarter worth about $35,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Stock Performance

NYSE:VMC traded up $1.44 during midday trading on Wednesday, reaching $264.31. 246,329 shares of the company traded hands, compared to its average volume of 833,467. The firm has a market capitalization of $34.91 billion, a price-to-earnings ratio of 41.69, a price-to-earnings-growth ratio of 2.67 and a beta of 0.81. The company has a fifty day moving average price of $275.41 and a 200 day moving average price of $257.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. Vulcan Materials has a twelve month low of $218.37 and a twelve 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 the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the firm posted $2.29 EPS. The business's revenue was down 8.3% compared to the same quarter last year. On average, analysts expect 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. Investors of record on Monday, November 4th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.70%. Vulcan Materials's payout ratio is currently 29.02%.

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.