DA Davidson cut shares of Vulcan Materials (NYSE:VMC) from a neutral rating to an underperform rating in a research report sent to investors on Monday morning, TheFlyOnTheWall.com reports. The firm currently has $50.00 price target on the stock. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a neutral rating on shares of Vulcan Materials in a research note to investors on Thursday, October 3rd. They now have a $56.00 price target on the stock. Analysts at Cleveland Research upgraded shares of Vulcan Materials from a neutral rating to a buy rating in a research note to investors on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Vulcan Materials presently has a consensus rating of Hold and a consensus target price of $58.17.
Vulcan Materials (NYSE:VMC) traded down 0.34% on Monday, hitting $56.25. The stock had a trading volume of 367,871 shares. Vulcan Materials has a 52 week low of $44.19 and a 52 week high of $60.14. The stock has a 50-day moving average of $52.95 and a 200-day moving average of $51.14. The company’s market cap is $7.310 billion.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.05. The company had revenue of $775.20 million for the quarter, compared to the consensus estimate of $774.13 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. Analysts expect that Vulcan Materials will post $-0.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date of this dividend is Thursday, November 21st.
Vulcan Materials Company is a producer of construction aggregates primarily crushed stone, sand, and gravel.
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