Vulcan Materials’ (VMC) Buy Rating Reiterated at DA Davidson

by · The Markets Daily

DA Davidson reiterated their buy rating on shares of Vulcan Materials (NYSE:VMC – Free Report) in a research note published on Monday morning,Benzinga reports. The brokerage currently has a $330.00 price target on the construction company’s stock.

A number of other brokerages have also recently issued reports on VMC. Wall Street Zen cut Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. Raymond James Financial reiterated an “outperform” rating on shares of Vulcan Materials in a research note on Wednesday, July 15th. Wells Fargo & Company cut Vulcan Materials from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $305.00 to $254.00 in a report on Wednesday, September 9th. Royal Bank Of Canada boosted their price target on Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Finally, UBS Group decreased their price objective on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Vulcan Materials currently has an average rating of “Hold” and a consensus target price of $325.00.

Read Our Latest Research Report on Vulcan Materials

Vulcan Materials Stock Performance

NYSE VMC opened at $244.74 on Monday. The stock has a market cap of $31.71 billion, a PE ratio of 28.89, a P/E/G ratio of 2.23 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76. The firm has a 50-day moving average of $270.20 and a 200-day moving average of $278.82. Vulcan Materials has a 52-week low of $240.69 and a 52-week high of $331.09.

Vulcan Materials (NYSE:VMC – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. Vulcan Materials’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.42 EPS. On average, sell-side analysts anticipate that Vulcan Materials will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, August 13th. Vulcan Materials’s dividend payout ratio is presently 24.56%.

Insider Buying and Selling

In other news, SVP David P. Clement sold 2,000 shares of Vulcan Materials stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the completion of the sale, the senior vice president directly owned 6,716 shares in the company, valued at approximately $1,914,731.60. The trade was a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director J. Hill sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $276.17, for a total value of $3,866,380.00. Following the completion of the sale, the director owned 58,209 shares of the company’s stock, valued at approximately $16,075,579.53. This trade represents a 19.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Vulcan Materials

Large investors have recently added to or reduced their stakes in the stock. Burkett Financial Services LLC acquired a new position in Vulcan Materials in the 2nd quarter valued at $25,000. Meeder Asset Management Inc. grew its holdings in shares of Vulcan Materials by 71.7% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after purchasing an additional 43 shares in the last quarter. Clearstead Trust LLC acquired a new stake in shares of Vulcan Materials during the 2nd quarter worth $37,000. Reflection Asset Management bought a new position in shares of Vulcan Materials in the fourth quarter worth $37,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Vulcan Materials in the second quarter worth $51,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Company Profile

(Get Free Report)

Vulcan Materials Company (NYSE:VMC) is a major U.S. producer and supplier of construction materials. The company’s primary business is aggregates, including crushed stone, sand and gravel, which are used in roads, bridges, buildings and other infrastructure projects.

Vulcan also produces and distributes asphalt and ready-mixed concrete, as well as calcium products used in construction, industrial and other applications. Its products are sold to public-sector customers, contractors, commercial developers and other businesses involved in construction and infrastructure development.

Founded in 1909 and headquartered in Birmingham, Alabama, Vulcan Materials has expanded through organic growth and acquisitions to operate production facilities, distribution terminals and related assets across much of the United States.

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