StockNews.com Lowers Vulcan Materials (NYSE:VMC) to Sell

StockNews.com lowered shares of Vulcan Materials (NYSE:VMC) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

A number of other equities analysts have also commented on VMC. Royal Bank of Canada reduced their price target on shares of 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. Loop Capital reduced their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a buy rating on the stock in a research report on Wednesday, July 3rd. Truist Financial dropped their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a buy rating for the company in a research note on Wednesday, August 7th. Stephens dropped their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an overweight rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Vulcan Materials from $250.00 to $245.00 and set a neutral rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $272.45.

Vulcan Materials Stock Up 0.5 %

VMC opened at $248.86 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66. The company has a market capitalization of $32.91 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 2.28 and a beta of 0.82. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $278.79. The business has a 50-day moving average of $243.49 and a 200-day moving average of $252.66.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.12). The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. Vulcan Materials’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.29 EPS. Equities research analysts forecast that Vulcan Materials will post 7.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be paid a $0.46 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.74%. Vulcan Materials’s dividend payout ratio is currently 26.86%.

Institutional Trading of Vulcan Materials

Hedge funds have recently bought and sold shares of the business. Capital World Investors purchased a new position in Vulcan Materials during the 1st quarter worth $388,027,000. Vanguard Group Inc. boosted its holdings in Vulcan Materials by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock worth $4,368,273,000 after acquiring an additional 755,991 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Vulcan Materials by 621.1% during the 1st quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock worth $64,581,000 after acquiring an additional 203,166 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Vulcan Materials by 1,191.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,005 shares of the construction company’s stock worth $39,541,000 after acquiring an additional 146,695 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Vulcan Materials by 136.1% in the 2nd quarter. AQR Capital Management LLC now owns 184,471 shares of the construction company’s stock worth $45,874,000 after buying an additional 106,324 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.