Vulcan Materials (NYSE:VMC) Receives $301.18 Average PT from Brokerages

Vulcan Materials (NYSE:VMC) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating on 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 topic of several research reports. JPMorgan Chase & Co. increased their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Citigroup decreased their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Truist Financial increased their target price 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 upped their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, Raymond James cut their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock 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 business’s fifty day simple moving average is $267.64 and its 200-day simple moving average is $261.40. The firm has a market cap of $35.73 billion, a PE ratio of 42.68, a price-to-earnings-growth 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.

Vulcan Materials Increases Dividend

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

Hedge Funds Weigh In On Vulcan Materials

Several hedge funds have recently bought and sold shares of VMC. Geneos Wealth Management Inc. lifted its position in shares of Vulcan Materials by 16.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock valued at $65,000 after acquiring an additional 36 shares during the last quarter. United Asset Strategies Inc. increased its stake in shares of Vulcan Materials by 1.1% in the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after acquiring an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Vulcan Materials by 2.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after acquiring an additional 44 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Vulcan Materials by 2.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company’s stock worth $461,000 after acquiring an additional 44 shares during the last quarter. Finally, Howard Capital Management Inc. boosted its holdings in Vulcan Materials by 5.2% in the fourth quarter. Howard Capital Management Inc. now owns 906 shares of the construction company’s stock worth $233,000 after purchasing an additional 45 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.