Vulcan Materials (NYSE:VMC - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $258.01 and traded as high as $260.28. Vulcan Materials shares last traded at $257.23, with a volume of 389,209 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. 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. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. UBS Group initiated coverage on Vulcan Materials in a research report on Thursday, November 7th. They issued a "buy" rating and a $349.00 price target on the stock. Stephens restated an "overweight" rating and set a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday. Finally, Barclays upped their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $288.08.
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Vulcan Materials Stock Performance
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 firm has a market capitalization of $33.75 billion, a P/E ratio of 40.31, a price-to-earnings-growth ratio of 2.67 and a beta of 0.81. The company's 50 day moving average is $275.80 and its 200-day moving average is $257.99.
Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, October 30th. The construction company reported $2.22 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 during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. The business's quarterly revenue was down 8.3% on a year-over-year basis. As a group, equities analysts anticipate that Vulcan Materials will post 7.16 EPS for the current year.
Vulcan Materials Announces Dividend
The company 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. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials's dividend payout ratio is currently 29.02%.
Institutional Trading of Vulcan Materials
A number of hedge funds and other institutional investors have recently bought and sold shares of VMC. SouthState Corp grew its holdings in shares of Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company's stock valued at $25,000 after buying an additional 87 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Vulcan Materials in the 3rd quarter valued at about $30,000. Concord Wealth Partners acquired a new position in Vulcan Materials during the 3rd quarter valued at about $35,000. Washington Trust Advisors Inc. increased its holdings in Vulcan Materials by 240.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company's stock worth $40,000 after purchasing an additional 113 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Vulcan Materials in the third quarter worth approximately $42,000. Institutional investors own 90.39% of the company's stock.
Vulcan Materials Company Profile
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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.
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