Vulcan Materials (NYSE:VMC) Price Target Increased to $285.00 by Analysts at Barclays

Vulcan Materials (NYSE:VMC) had its target price increased by Barclays from $250.00 to $285.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

VMC has been the topic of several other reports. Citigroup cut their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Truist Financial reduced their price objective on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. StockNews.com downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday, October 12th. Royal Bank of Canada cut their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, Loop Capital decreased their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.50.

Vulcan Materials Price Performance

Shares of VMC stock opened at $259.55 on Tuesday. Vulcan Materials has a fifty-two week low of $194.40 and a fifty-two week high of $278.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. The firm has a market capitalization of $34.28 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 2.35 and a beta of 0.82. The stock’s 50-day simple moving average is $246.31 and its 200-day simple moving average is $251.85.

Vulcan Materials (NYSE:VMC) last released its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.12). The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.29 EPS. As a group, equities analysts forecast that Vulcan Materials will post 7.58 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s payout ratio is currently 26.86%.

Hedge Funds Weigh In On Vulcan Materials

Several institutional investors and hedge funds have recently modified their holdings of the business. United Asset Strategies Inc. grew its holdings in Vulcan Materials by 1.1% in the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock valued at $938,000 after purchasing an additional 39 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Vulcan Materials by 2.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock valued at $498,000 after buying an additional 44 shares in the last quarter. Marcum Wealth LLC grew its stake in Vulcan Materials by 5.7% in the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after acquiring an additional 46 shares during the period. UMB Bank n.a. increased its holdings in Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after acquiring an additional 47 shares in the last quarter. Finally, Golden State Equity Partners raised its position in Vulcan Materials by 4.5% during the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after acquiring an additional 47 shares during the period. Hedge funds and other institutional investors 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.