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.

Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its holdings in Vulcan Materials by 2.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 418,466 shares of the construction company’s stock worth $53,012,000 after purchasing an additional 11,647 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Vulcan Materials by 15.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,904 shares of the construction company’s stock worth $4,168,000 after purchasing an additional 4,472 shares during the last quarter. Keybank National Association OH boosted its holdings in Vulcan Materials by 1.5% during the second quarter. Keybank National Association OH now owns 13,273 shares of the construction company’s stock worth $1,681,000 after purchasing an additional 192 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Vulcan Materials by 7.5% during the second quarter. Principal Financial Group Inc. now owns 554,208 shares of the construction company’s stock worth $70,207,000 after purchasing an additional 38,479 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Vulcan Materials by 3.1% during the second quarter. Swiss National Bank now owns 483,642 shares of the construction company’s stock worth $61,268,000 after purchasing an additional 14,700 shares during the last quarter. 89.02% of the stock is owned by institutional investors.

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).

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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