Vulcan Materials (NYSE:VMC) Stock Gets Price Target Reduction from Morgan Stanley

Vulcan Materials (NYSE:VMC) had its target price reduced by Morgan Stanley from $321.00 to $311.00 in a report published on Wednesday,Benzinga reports. They currently have an equal weight rating on the construction company’s stock.

Other equities research analysts have also issued research reports about the company. UBS Group lowered their price objective on Vulcan Materials from $349.00 to $326.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. BNP Paribas Exane reduced their target price on Vulcan Materials from $290.00 to $281.00 and set a “neutral” rating for the company in a research note on Friday, October 30th. DA Davidson raised their price target on shares of Vulcan Materials from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Citigroup lifted their price target on shares of Vulcan Materials from $300.00 to $326.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Finally, Truist Financial cut their price target on shares of Vulcan Materials from $360.00 to $320.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Twelve investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $310.72.

Vulcan Materials Stock Down 0.8%

VMC stock traded down $2.29 during trading on Wednesday, reaching $283.23. The stock had a trading volume of 1,051,760 shares, compared to its average volume of 1,300,168. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $257.12 and a 200 day moving average price of $280.04. The company has a market capitalization of $36.35 billion, a P/E ratio of 33.52, a PEG ratio of 3.00 and a beta of 0.99. Vulcan Materials has a 1-year low of $237.03 and a 1-year high of $331.09.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Thursday, October 29th. The construction company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.02. Vulcan Materials had a return on equity of 13.03% and a net margin of 13.77%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the firm earned $2.84 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. On average, equities analysts anticipate that Vulcan Materials will post 8.89 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, November 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 9th. Vulcan Materials’s dividend payout ratio (DPR) is currently 24.62%.

Insider Buying and Selling

In other news, Director J. Hill sold 28,000 shares of Vulcan Materials stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $285.40, for a total value of $7,991,200.00. Following the completion of the transaction, the director owned 30,209 shares in the company, valued at approximately $8,621,648.60. This trade represents a 48.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vulcan Materials

Several institutional investors and hedge funds have recently made changes to their positions in VMC. Bfsg LLC lifted its position in shares of Vulcan Materials by 0.8% in the 3rd quarter. Bfsg LLC now owns 13,491 shares of the construction company’s stock worth $3,300,000 after buying an additional 110 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Vulcan Materials by 7.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,756 shares of the construction company’s stock valued at $460,000 after buying an additional 122 shares during the last quarter. Ascent Group LLC grew its position in shares of Vulcan Materials by 6.9% during the 3rd quarter. Ascent Group LLC now owns 1,967 shares of the construction company’s stock valued at $481,000 after buying an additional 127 shares during the last quarter. Markel Group Inc. bought a new stake in shares of Vulcan Materials during the 3rd quarter valued at about $234,000. Finally, Farrow Financial Inc. raised its stake in Vulcan Materials by 1.3% during the third quarter. Farrow Financial Inc. now owns 8,697 shares of the construction company’s stock worth $2,128,000 after acquiring an additional 115 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Company Profile