Vulcan Materials (NYSE:VMC) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $132.84 and traded as high as $138.00. Vulcan Materials shares last traded at $135.60, with a volume of 31,474 shares.
A number of equities analysts have issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,620 ($47.30) price objective on shares of Bellway in a report on Wednesday, April 3rd. Barclays reaffirmed a “buy” rating on shares of NXP Semiconductors in a report on Sunday, May 5th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. DA Davidson cut their price objective on shares of Cloudera to $9.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. downgraded shares of VESTAS WIND SYS/ADR from a “neutral” rating to an “underweight” rating in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $127.93.
The firm has a market cap of $18.01 billion, a P/E ratio of 33.53, a P/E/G ratio of 1.62 and a beta of 0.93. The company has a quick ratio of 0.99, a current ratio of 1.64 and a debt-to-equity ratio of 0.61. The company has a 50 day simple moving average of $133.04.
Vulcan Materials (NYSE:VMC) last released its earnings results on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.13. The company had revenue of $996.50 million for the quarter, compared to analysts’ expectations of $915.68 million. Vulcan Materials had a return on equity of 10.60% and a net margin of 11.63%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. As a group, equities research analysts anticipate that Vulcan Materials will post 4.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.91%. Vulcan Materials’s payout ratio is 30.62%.
In other news, insider Michael R. Mills sold 1,326 shares of Vulcan Materials stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $136.05, for a total transaction of $180,402.30. Following the sale, the insider now directly owns 51,713 shares in the company, valued at approximately $7,035,553.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Randy L. Pigg sold 1,754 shares of Vulcan Materials stock in a transaction on Monday, June 10th. The stock was sold at an average price of $134.96, for a total value of $236,719.84. Following the sale, the vice president now owns 3,034 shares in the company, valued at $409,468.64. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sheets Smith Wealth Management bought a new stake in Vulcan Materials in the 2nd quarter valued at about $536,000. Xact Kapitalforvaltning AB increased its position in shares of Vulcan Materials by 6.0% during the second quarter. Xact Kapitalforvaltning AB now owns 24,272 shares of the construction company’s stock valued at $3,333,000 after buying an additional 1,370 shares during the period. Palmer Knight Co increased its position in shares of Vulcan Materials by 1.5% during the second quarter. Palmer Knight Co now owns 34,214 shares of the construction company’s stock valued at $4,698,000 after buying an additional 496 shares during the period. Patten & Patten Inc. TN increased its position in shares of Vulcan Materials by 0.9% during the second quarter. Patten & Patten Inc. TN now owns 8,579 shares of the construction company’s stock valued at $1,178,000 after buying an additional 75 shares during the period. Finally, PFS Investments Inc. bought a new stake in shares of Vulcan Materials during the second quarter valued at about $345,000. Institutional investors own 95.82% of the company’s stock.
About Vulcan Materials (NYSE:VMC)
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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