Analysts Set Vulcan Materials Company (NYSE:VMC) Target Price at $329.62

Vulcan Materials Company (NYSE:VMC) has been given an average recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $329.6154.

Several equities analysts have commented on the company. Raymond James Financial set a $325.00 price objective on Vulcan Materials in a research report on Thursday, April 30th. Citigroup reduced their price target on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a report on Friday, May 1st. Morgan Stanley reduced their price target on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Stephens raised their price target on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a report on Thursday, April 30th.

Insider Buying and Selling at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Vulcan Materials

Large investors have recently bought and sold shares of the business. Westside Investment Management Inc. increased its holdings in Vulcan Materials by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock worth $25,000 after buying an additional 42 shares in the last quarter. NBT Bank N A NY bought a new stake in Vulcan Materials in the 4th quarter worth about $26,000. Greykasell Wealth Strategies Inc. bought a new stake in Vulcan Materials in the 3rd quarter worth about $29,000. Measured Wealth Private Client Group LLC bought a new stake in Vulcan Materials in the 3rd quarter worth about $30,000. Finally, Birchwood Financial Partners Inc. bought a new stake in Vulcan Materials in the 4th quarter worth about $29,000. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $282.65 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $36.68 billion, a P/E ratio of 33.61, a P/E/G ratio of 2.06 and a beta of 1.09. The business has a fifty day simple moving average of $282.35 and a two-hundred day simple moving average of $292.51. Vulcan Materials has a 12 month low of $252.35 and a 12 month high of $331.09.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.10 by $0.25. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 earnings per share. On average, equities analysts forecast that Vulcan Materials will post 9.28 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.73%.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.