Vulcan Materials (VMC) Receives $140.50 Consensus Target Price from Analysts
Vulcan Materials (NYSE:VMC) has been given a consensus recommendation of “Hold” by the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $142.13.
VMC has been the subject of a number of recent research reports. Bank of America dropped their price target on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. Jefferies Group boosted their price target on shares of Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Citigroup reissued a “buy” rating and set a $144.00 price target on shares of Vulcan Materials in a research note on Tuesday, December 26th. SunTrust Banks set a $145.00 target price on shares of Vulcan Materials and gave the company a “buy” rating in a research note on Saturday, December 16th. Finally, Stephens reaffirmed a “buy” rating and issued a $158.00 target price on shares of Vulcan Materials in a research note on Wednesday.
In other Vulcan Materials news, insider Michael R. Mills sold 4,659 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the completion of the sale, the insider now owns 45,351 shares of the company’s stock, valued at $6,043,020.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.89% of the stock is currently owned by corporate insiders.
Vulcan Materials (VMC) traded down $1.48 on Monday, hitting $131.90. 1,282,600 shares of the company were exchanged, compared to its average volume of 1,270,000. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22. The company has a market capitalization of $17,450.00, a P/E ratio of 45.02, a price-to-earnings-growth ratio of 1.98 and a beta of 0.87. Vulcan Materials has a twelve month low of $108.95 and a twelve month high of $136.82.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. equities analysts anticipate that Vulcan Materials will post 3.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, November 21st. Vulcan Materials’s payout ratio is presently 34.13%.
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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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