Vulcan Materials (NYSE:VMC) PT Raised to $165.00 at Stifel Nicolaus

Vulcan Materials (NYSE:VMC) had its price objective boosted by Stifel Nicolaus from $145.00 to $165.00 in a report published on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the construction company’s stock.

VMC has been the subject of several other research reports. SunTrust Banks increased their target price on Vulcan Materials to $145.00 and gave the stock a buy rating in a research report on Monday, July 29th. Barclays increased their target price on Vulcan Materials from $140.00 to $160.00 and gave the stock an overweight rating in a research report on Thursday, September 12th. DA Davidson increased their target price on Vulcan Materials to $150.00 and gave the stock a neutral rating in a research report on Thursday, June 6th. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their target price on Vulcan Materials from $155.00 to $160.00 and gave the stock an overweight rating in a research report on Thursday, September 5th. Finally, ValuEngine lowered Vulcan Materials from a buy rating to a hold rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Vulcan Materials presently has an average rating of Buy and an average price target of $143.00.

VMC opened at $149.80 on Wednesday. The business has a 50 day simple moving average of $141.95 and a two-hundred day simple moving average of $130.74. The firm has a market capitalization of $19.82 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 1.75 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.89 and a quick ratio of 1.23. Vulcan Materials has a one year low of $82.52 and a one year high of $151.51.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. Vulcan Materials had a return on equity of 11.07% and a net margin of 12.12%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the company posted $1.23 EPS. Vulcan Materials’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts expect that Vulcan Materials will post 4.84 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Wednesday, August 21st were paid a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.24 annualized dividend and a dividend yield of 0.83%. Vulcan Materials’s payout ratio is currently 30.62%.

In related news, insider Stanley G. Bass sold 6,207 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $135.80, for a total value of $842,910.60. Following the sale, the insider now owns 53,813 shares in the company, valued at approximately $7,307,805.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stanley G. Bass sold 2,406 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $141.94, for a total value of $341,507.64. Following the completion of the sale, the insider now owns 35,263 shares in the company, valued at approximately $5,005,230.22. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

Several institutional investors have recently bought and sold shares of VMC. NuWave Investment Management LLC grew its stake in shares of Vulcan Materials by 809.5% in the 2nd quarter. NuWave Investment Management LLC now owns 191 shares of the construction company’s stock worth $26,000 after buying an additional 170 shares during the last quarter. Coastal Investment Advisors Inc. grew its stake in shares of Vulcan Materials by 1,550.0% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 198 shares of the construction company’s stock worth $27,000 after buying an additional 186 shares during the last quarter. FinTrust Capital Advisors LLC grew its stake in shares of Vulcan Materials by 136.9% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 244 shares of the construction company’s stock worth $33,000 after buying an additional 141 shares during the last quarter. CSat Investment Advisory L.P. grew its stake in shares of Vulcan Materials by 109.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 358 shares of the construction company’s stock worth $49,000 after buying an additional 187 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of Vulcan Materials in the 2nd quarter worth approximately $71,000. Institutional investors own 95.21% of the company’s stock.

Vulcan Materials Company Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.

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Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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