Royal Bank of Canada Raises Vulcan Materials (NYSE:VMC) Price Target to $272.00

Vulcan Materials (NYSE:VMC) had its target price increased by Royal Bank of Canada from $269.00 to $272.00 in a research note published on Friday, Benzinga reports. The firm currently has a sector perform rating on the construction company’s stock.

Several other equities research analysts have also recently commented on VMC. Truist Financial boosted their price target on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a buy rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group lifted their price target on shares of Vulcan Materials from $264.00 to $292.00 and gave the stock a buy rating in a research report on Tuesday, February 20th. Jefferies Financial Group increased their price objective on Vulcan Materials from $298.00 to $319.00 and gave the company a buy rating in a research report on Thursday, April 18th. Morgan Stanley began coverage on Vulcan Materials in a report on Monday, January 8th. They issued an equal weight rating and a $208.00 target price on the stock. Finally, Citigroup upped their target price on Vulcan Materials from $263.00 to $322.00 and gave the company a buy rating in a report on Friday, April 5th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Vulcan Materials presently has an average rating of Moderate Buy and an average price target of $277.08.

Vulcan Materials Trading Up 0.0 %

Vulcan Materials stock opened at $264.44 on Friday. Vulcan Materials has a 52-week low of $187.20 and a 52-week high of $276.58. The company has a quick ratio of 2.39, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $34.98 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 1.98 and a beta of 0.83. The firm has a 50-day moving average price of $265.53 and a two-hundred day moving average price of $236.84.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm posted $0.95 earnings per share. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. Sell-side analysts expect that Vulcan Materials will post 8.5 earnings per share for the current year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were given a $0.46 dividend. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, March 1st. This represents a $1.84 dividend on an annualized basis and a yield of 0.70%. Vulcan Materials’s dividend payout ratio is presently 26.86%.

Insider Buying and Selling at Vulcan Materials

In other news, VP Randy L. Pigg sold 307 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total value of $78,367.89. Following the transaction, the vice president now directly owns 1,896 shares of the company’s stock, valued at $483,991.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Randy L. Pigg sold 307 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the completion of the sale, the vice president now owns 1,896 shares of the company’s stock, valued at approximately $483,991.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Stanley G. Bass sold 8,310 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the transaction, the insider now directly owns 29,311 shares in the company, valued at approximately $7,376,992.48. The disclosure for this sale can be found here. Insiders sold 13,017 shares of company stock valued at $3,344,741 in the last quarter. Company insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Vulcan Materials

A number of large investors have recently bought and sold shares of the business. Register Financial Advisors LLC acquired a new stake in shares of Vulcan Materials in the first quarter worth about $27,000. Exchange Traded Concepts LLC bought a new position in shares of Vulcan Materials in the 4th quarter valued at approximately $28,000. Opal Wealth Advisors LLC acquired a new stake in Vulcan Materials in the 1st quarter worth approximately $33,000. YHB Investment Advisors Inc. bought a new stake in Vulcan Materials during the first quarter worth approximately $34,000. Finally, Concord Wealth Partners acquired a new position in Vulcan Materials during the first quarter valued at approximately $34,000. 90.39% of the stock is currently owned by institutional investors.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.