Vulcan Materials (NYSE:VMC) Receives Overweight Rating from Stephens

Stephens reiterated their overweight rating on shares of Vulcan Materials (NYSE:VMC) in a report released on Thursday morning,Benzinga reports. They currently have a $325.00 price objective on the construction company’s stock.

Other equities research analysts have also issued research reports about the stock. 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 report on Tuesday, October 29th. StockNews.com upgraded 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 company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective 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 research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price on the stock. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $288.08.

Vulcan Materials Trading Up 0.6 %

Shares of NYSE:VMC opened at $257.13 on Thursday. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $275.81 and a two-hundred day moving average of $257.99. Vulcan Materials has a 12-month low of $218.38 and a 12-month high of $298.31. The company has a market capitalization of $33.96 billion, a PE ratio of 40.56, a PEG ratio of 2.67 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data 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). The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.29 earnings per share. As a group, analysts forecast that Vulcan Materials will post 7.16 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.72%. The ex-dividend date was Monday, November 4th. Vulcan Materials’s dividend payout ratio is presently 29.02%.

Institutional Trading of Vulcan Materials

Several hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its position in Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after buying an additional 884,580 shares in the last quarter. State Street Corp grew its holdings in shares of Vulcan Materials by 1.2% during the third quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock worth $1,322,546,000 after buying an additional 65,163 shares in the last quarter. FMR LLC lifted its stake in shares of Vulcan Materials by 2.2% during the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock valued at $916,807,000 after buying an additional 78,271 shares during the period. Geode Capital Management LLC grew its stake in Vulcan Materials by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock worth $826,644,000 after acquiring an additional 33,061 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after purchasing an additional 330,433 shares during the period. 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.