Citigroup Lowers Vulcan Materials (NYSE:VMC) Price Target to $301.00

Vulcan Materials (NYSE:VMC) had its price target trimmed by Citigroup from $325.00 to $301.00 in a report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other equities analysts have also recently weighed in on the company. Barclays lifted their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Truist Financial boosted their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Stephens restated an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average price target of $288.83.

Vulcan Materials Stock Up 0.1 %

VMC stock opened at $257.27 on Monday. The firm has a market cap of $33.98 billion, a PE ratio of 40.58, a P/E/G ratio of 2.67 and a beta of 0.83. Vulcan Materials has a 12 month low of $219.73 and a 12 month high of $298.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The firm has a 50 day simple moving average of $275.78 and a 200 day simple moving average of $258.10.

Vulcan Materials (NYSE:VMC) last released 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). The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business’s revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.29 earnings per share. Equities research analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VMC. Ashton Thomas Securities LLC bought a new stake in Vulcan Materials in the third quarter worth $30,000. Concord Wealth Partners acquired a new stake in shares of Vulcan Materials in the third quarter worth about $35,000. Washington Trust Advisors Inc. boosted its stake in shares of Vulcan Materials by 240.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after acquiring an additional 113 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Vulcan Materials during the 3rd quarter valued at about $42,000. Finally, Asset Dedication LLC raised its stake in shares of Vulcan Materials by 146.5% in the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock valued at $44,000 after acquiring an additional 104 shares in 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.