Vulcan Materials (NYSE:VMC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Vulcan Materials (NYSE:VMC) had its target price increased by JPMorgan Chase & Co. from $245.00 to $290.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the construction company’s stock.

VMC has been the topic of a number of other reports. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Royal Bank of Canada cut their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. UBS Group began coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price for the company. Truist Financial boosted their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Barclays boosted their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $283.92.

Vulcan Materials Stock Performance

VMC stock opened at $286.39 on Wednesday. The firm has a market cap of $37.82 billion, a PE ratio of 45.17, a P/E/G ratio of 2.81 and a beta of 0.81. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $263.91 and a 200-day moving average of $255.01. Vulcan Materials has a 12-month low of $209.60 and a 12-month high of $298.31.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company posted $2.29 earnings per share. Vulcan Materials’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, sell-side analysts expect that Vulcan Materials will post 7.16 earnings per share for the current year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

Institutional Trading of Vulcan Materials

Several large investors have recently made changes to their positions in VMC. Cetera Advisors LLC lifted its stake in shares of Vulcan Materials by 118.1% in the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock valued at $1,132,000 after purchasing an additional 2,245 shares during the last quarter. Mather Group LLC. lifted its stake in Vulcan Materials by 16.1% during the 2nd quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock worth $134,000 after acquiring an additional 68 shares in the last quarter. Raymond James & Associates lifted its stake in Vulcan Materials by 3.0% during the 2nd quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock worth $50,367,000 after acquiring an additional 5,979 shares in the last quarter. Tidal Investments LLC lifted its stake in Vulcan Materials by 87.1% during the 1st quarter. Tidal Investments LLC now owns 9,591 shares of the construction company’s stock worth $2,618,000 after acquiring an additional 4,466 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Vulcan Materials by 62.1% during the 1st quarter. Janus Henderson Group PLC now owns 30,226 shares of the construction company’s stock worth $8,247,000 after acquiring an additional 11,583 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Company Profile

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.