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).
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