Vulcan Materials (NYSE:VMC) Receives Average Rating of “Moderate Buy” from Analysts

Vulcan Materials (NYSE:VMC) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $301.18.

VMC has been the subject of several research analyst reports. Truist Financial raised their price objective on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays raised their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Raymond James reduced their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Finally, Stephens reaffirmed an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd.

Institutional Trading of Vulcan Materials

A number of institutional investors have recently made changes to their positions in VMC. Norges Bank purchased a new stake in shares of Vulcan Materials during the fourth quarter worth approximately $380,369,000. Principal Financial Group Inc. increased its position in shares of Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after purchasing an additional 884,580 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Vulcan Materials by 28,529.4% during the fourth quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company’s stock worth $134,694,000 after purchasing an additional 521,802 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Vulcan Materials by 239.8% during the fourth quarter. BNP Paribas Financial Markets now owns 739,003 shares of the construction company’s stock worth $190,094,000 after purchasing an additional 521,508 shares in the last quarter. Finally, Alkeon Capital Management LLC increased its position in shares of Vulcan Materials by 54.1% during the fourth quarter. Alkeon Capital Management LLC now owns 1,282,001 shares of the construction company’s stock worth $329,769,000 after purchasing an additional 450,000 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Trading Up 0.5 %

Shares of NYSE:VMC opened at $270.58 on Thursday. Vulcan Materials has a 52-week low of $225.36 and a 52-week high of $298.31. The stock has a market cap of $35.73 billion, a price-to-earnings ratio of 42.68, a PEG ratio of 2.14 and a beta of 0.84. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $267.64 and a 200-day moving average price of $261.40.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a $0.49 dividend. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 0.72%. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

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.