Vulcan Materials Company (VMC) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Vulcan Materials Company (NYSE:VMC) from a sell rating to a strong sell rating in a report issued on Monday, July 31st.

Other research analysts have also issued research reports about the company. Royal Bank Of Canada reissued a buy rating and issued a $154.00 target price on shares of Vulcan Materials in a report on Monday, June 19th. Citigroup Inc. restated a buy rating on shares of Vulcan Materials in a research note on Thursday, May 11th. Zacks Investment Research upgraded Vulcan Materials from a hold rating to a buy rating and set a $145.00 price target on the stock in a research note on Tuesday, June 20th. Finally, Argus lifted their price target on Vulcan Materials from $140.00 to $145.00 and gave the company a buy rating in a research note on Friday, June 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $139.67.

Shares of Vulcan Materials (NYSE:VMC) traded down 0.12% during midday trading on Monday, reaching $113.97. 922,633 shares of the company’s stock traded hands. Vulcan Materials has a one year low of $105.71 and a one year high of $138.18. The company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 36.69 and a beta of 0.93. The company has a 50-day moving average of $122.58 and a 200-day moving average of $123.09.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.22 by $0.32. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.07 billion. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. Equities research analysts anticipate that Vulcan Materials will post $3.46 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. Vulcan Materials’s dividend payout ratio is currently 32.36%.

In other news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $40,392.00. Following the sale, the general counsel now directly owns 5,292 shares in the company, valued at $698,544. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ejaz A. Khan sold 2,024 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $125.30, for a total value of $253,607.20. The disclosure for this sale can be found here. Insiders sold 6,743 shares of company stock worth $876,515 over the last 90 days. Company insiders own 0.89% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in VMC. BlackRock Inc. raised its position in Vulcan Materials by 2,909.7% in the first quarter. BlackRock Inc. now owns 8,067,195 shares of the construction company’s stock valued at $971,936,000 after buying an additional 7,799,158 shares during the last quarter. Janus Henderson Group PLC raised its position in Vulcan Materials by 4,985.8% in the second quarter. Janus Henderson Group PLC now owns 4,209,593 shares of the construction company’s stock valued at $533,271,000 after buying an additional 4,126,822 shares during the last quarter. Third Point LLC acquired a new position in Vulcan Materials during the second quarter valued at approximately $202,688,000. MARSHALL WACE ASIA Ltd acquired a new position in Vulcan Materials during the first quarter valued at approximately $138,381,000. Finally, Marshall Wace North America L.P. acquired a new position in Vulcan Materials during the first quarter valued at approximately $138,381,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

About Vulcan Materials

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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