Vulcan Materials (NYSE:VMC) Stock Price Expected to Rise, Truist Financial Analyst Says

Vulcan Materials (NYSE:VMC) had its price target lifted by Truist Financial from $300.00 to $315.00 in a report published on Friday, Benzinga reports. Truist Financial currently has a buy rating on the construction company’s stock.

Several other equities research analysts also recently issued reports on VMC. Barclays boosted their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their target price on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Citigroup lowered their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. StockNews.com lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. Finally, Stephens lowered their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $274.75.

Vulcan Materials Trading Down 1.3 %

Shares of NYSE:VMC opened at $270.39 on Friday. The business has a 50 day moving average of $247.70 and a two-hundred day moving average of $252.16. The company has a current ratio of 2.86, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 12-month low of $206.02 and a 12-month high of $279.47. The company has a market capitalization of $35.71 billion, a PE ratio of 42.65, a PEG ratio of 2.60 and a beta of 0.80.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. Vulcan Materials’s revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.29 EPS. As a group, analysts forecast that Vulcan Materials will post 7.32 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is 29.02%.

Institutional Trading of Vulcan Materials

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Vulcan Materials by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock valued at $4,368,273,000 after buying an additional 755,991 shares during the period. Principal Financial Group Inc. raised its holdings in shares of 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 valued at $1,332,431,000 after buying an additional 884,580 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in 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 acquiring an additional 330,433 shares during the period. Capital World Investors bought a new position in Vulcan Materials in the 1st quarter valued at about $388,027,000. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Vulcan Materials by 7.1% in the third quarter. Vontobel Holding Ltd. now owns 1,369,530 shares of the construction company’s stock valued at $342,971,000 after acquiring an additional 91,318 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.