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Vulcan Materials (NYSE:VMC) PT Raised to $300.00 at Truist Financial

Written by Amanda

Vulcan Materials (NYSE:VMCFree Report) had its price objective upped by Truist Financial from $260.00 to $300.00 in a research note published on Tuesday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

VMC has been the subject of several other research reports. Royal Bank of Canada cut shares of Vulcan Materials from an outperform rating to a sector perform rating and raised their target price for the stock from $235.00 to $236.00 in a report on Friday, January 12th. Stifel Nicolaus lifted their price objective on shares of Vulcan Materials from $260.00 to $279.00 and gave the company a buy rating in a report on Tuesday, December 19th. Morgan Stanley initiated coverage on shares of Vulcan Materials in a research report on Monday, January 8th. They issued an equal weight rating and a $208.00 price objective for the company. Seaport Res Ptn upgraded Vulcan Materials from a neutral rating to a buy rating in a research report on Tuesday, October 24th. Finally, JPMorgan Chase & Co. raised Vulcan Materials from a neutral rating to an overweight rating and upped their price target for the stock from $240.00 to $245.00 in a report on Tuesday, December 12th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $260.62.

Check Out Our Latest Stock Analysis on Vulcan Materials

Vulcan Materials Trading Down 1.5 %

Shares of Vulcan Materials stock opened at $251.30 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39. The firm has a fifty day moving average price of $228.74 and a 200 day moving average price of $217.58. Vulcan Materials has a 1 year low of $159.76 and a 1 year high of $260.81. The stock has a market cap of $33.39 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 1.41 and a beta of 0.81.

Vulcan Materials (NYSE:VMCGet Free Report) last issued its earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.06. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the company posted $1.08 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts predict that Vulcan Materials will post 7.92 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Monday, March 4th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, March 1st. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio (DPR) is 24.64%.

Insider Activity

In related news, insider Stanley G. Bass sold 1,601 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $221.09, for a total value of $353,965.09. Following the completion of the sale, the insider now owns 24,981 shares of the company’s stock, valued at $5,523,049.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Vulcan Materials news, insider Stanley G. Bass sold 1,601 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $221.09, for a total transaction of $353,965.09. Following the completion of the sale, the insider now owns 24,981 shares of the company’s stock, valued at $5,523,049.29. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David P. Clement sold 764 shares of Vulcan Materials stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $212.00, for a total value of $161,968.00. Following the completion of the sale, the senior vice president now directly owns 2,887 shares of the company’s stock, valued at $612,044. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Vulcan Materials

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Vulcan Materials by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 15,249,701 shares of the construction company’s stock valued at $3,461,835,000 after purchasing an additional 105,230 shares during the period. BlackRock Inc. boosted its holdings in Vulcan Materials by 1.4% in the second quarter. BlackRock Inc. now owns 10,257,453 shares of the construction company’s stock valued at $2,312,440,000 after purchasing an additional 139,264 shares during the period. State Street Corp boosted its holdings in Vulcan Materials by 2.3% in the second quarter. State Street Corp now owns 5,385,006 shares of the construction company’s stock valued at $1,213,996,000 after purchasing an additional 123,332 shares during the period. JPMorgan Chase & Co. boosted its holdings in Vulcan Materials by 47.4% in the third quarter. JPMorgan Chase & Co. now owns 4,503,484 shares of the construction company’s stock valued at $909,794,000 after purchasing an additional 1,447,700 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Vulcan Materials by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 4,410,854 shares of the construction company’s stock valued at $1,001,308,000 after purchasing an additional 66,634 shares during the period. 90.10% of the stock is owned by institutional investors and hedge funds.

About Vulcan Materials

(Get Free Report)

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 Aggregates segment 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.

See Also

Analyst Recommendations for Vulcan Materials (NYSE:VMC)



Receive News & Ratings for Vulcan Materials Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Vulcan Materials and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

Vulcan Materials (NYSE:VMCFree Report) had its price objective upped by Truist Financial from $260.00 to $300.00 in a research note published on Tuesday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

VMC has been the subject of several other research reports. Royal Bank of Canada cut shares of Vulcan Materials from an outperform rating to a sector perform rating and raised their target price for the stock from $235.00 to $236.00 in a report on Friday, January 12th. Stifel Nicolaus lifted their price objective on shares of Vulcan Materials from $260.00 to $279.00 and gave the company a buy rating in a report on Tuesday, December 19th. Morgan Stanley initiated coverage on shares of Vulcan Materials in a research report on Monday, January 8th. They issued an equal weight rating and a $208.00 price objective for the company. Seaport Res Ptn upgraded Vulcan Materials from a neutral rating to a buy rating in a research report on Tuesday, October 24th. Finally, JPMorgan Chase & Co. raised Vulcan Materials from a neutral rating to an overweight rating and upped their price target for the stock from $240.00 to $245.00 in a report on Tuesday, December 12th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $260.62.

Check Out Our Latest Stock Analysis on Vulcan Materials

Vulcan Materials Trading Down 1.5 %

Shares of Vulcan Materials stock opened at $251.30 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39. The firm has a fifty day moving average price of $228.74 and a 200 day moving average price of $217.58. Vulcan Materials has a 1 year low of $159.76 and a 1 year high of $260.81. The stock has a market cap of $33.39 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 1.41 and a beta of 0.81.

Vulcan Materials (NYSE:VMCGet Free Report) last issued its earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.06. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the company posted $1.08 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts predict that Vulcan Materials will post 7.92 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Monday, March 4th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, March 1st. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio (DPR) is 24.64%.

Insider Activity

In related news, insider Stanley G. Bass sold 1,601 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $221.09, for a total value of $353,965.09. Following the completion of the sale, the insider now owns 24,981 shares of the company’s stock, valued at $5,523,049.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Vulcan Materials news, insider Stanley G. Bass sold 1,601 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $221.09, for a total transaction of $353,965.09. Following the completion of the sale, the insider now owns 24,981 shares of the company’s stock, valued at $5,523,049.29. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David P. Clement sold 764 shares of Vulcan Materials stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $212.00, for a total value of $161,968.00. Following the completion of the sale, the senior vice president now directly owns 2,887 shares of the company’s stock, valued at $612,044. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Vulcan Materials

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Vulcan Materials by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 15,249,701 shares of the construction company’s stock valued at $3,461,835,000 after purchasing an additional 105,230 shares during the period. BlackRock Inc. boosted its holdings in Vulcan Materials by 1.4% in the second quarter. BlackRock Inc. now owns 10,257,453 shares of the construction company’s stock valued at $2,312,440,000 after purchasing an additional 139,264 shares during the period. State Street Corp boosted its holdings in Vulcan Materials by 2.3% in the second quarter. State Street Corp now owns 5,385,006 shares of the construction company’s stock valued at $1,213,996,000 after purchasing an additional 123,332 shares during the period. JPMorgan Chase & Co. boosted its holdings in Vulcan Materials by 47.4% in the third quarter. JPMorgan Chase & Co. now owns 4,503,484 shares of the construction company’s stock valued at $909,794,000 after purchasing an additional 1,447,700 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Vulcan Materials by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 4,410,854 shares of the construction company’s stock valued at $1,001,308,000 after purchasing an additional 66,634 shares during the period. 90.10% of the stock is owned by institutional investors and hedge funds.

About Vulcan Materials

(Get Free Report)

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 Aggregates segment 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.

See Also

Analyst Recommendations for Vulcan Materials (NYSE:VMC)



Receive News & Ratings for Vulcan Materials Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Vulcan Materials and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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