Vulcan Materials (NYSE:VMC) Hits New 52-Week High at $273.17

Vulcan Materials (NYSE:VMCGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $273.17 and last traded at $271.69, with a volume of 246890 shares. The stock had previously closed at $271.74.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group increased their target price on Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Royal Bank of Canada raised their price target on shares of Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. raised shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $240.00 to $245.00 in a research note on Tuesday, December 12th. Wolfe Research cut shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Finally, Raymond James raised their price target on shares of Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average target price of $260.62.

View Our Latest Research Report on VMC

Vulcan Materials Stock Up 1.4 %

The company has a quick ratio of 2.39, a current ratio of 3.17 and a debt-to-equity ratio of 0.52. The company has a market cap of $36.44 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 1.97 and a beta of 0.83. The stock has a fifty day moving average price of $246.20 and a two-hundred day moving average price of $224.35.

Vulcan Materials (NYSE:VMCGet Free Report) last posted its earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.06. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Vulcan Materials will post 8.36 EPS for the current year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s payout ratio is 26.36%.

Insider Activity at Vulcan Materials

In related news, SVP Denson N. Franklin III sold 3,200 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total value of $862,336.00. Following the completion of the transaction, the senior vice president now owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Vulcan Materials news, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total value of $862,336.00. Following the transaction, the senior vice president now owns 5,395 shares in the company, valued at $1,453,844.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Melissa H. Anderson sold 1,200 shares of Vulcan Materials stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $260.48, for a total value of $312,576.00. Following the completion of the transaction, the director now owns 330 shares in the company, valued at approximately $85,958.40. The disclosure for this sale can be found here. Insiders sold a total of 13,017 shares of company stock valued at $3,344,741 over the last quarter. 0.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pinnacle Bancorp Inc. bought a new stake in shares of Vulcan Materials during the third quarter worth about $25,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Vulcan Materials during the third quarter worth about $27,000. Exchange Traded Concepts LLC bought a new stake in shares of Vulcan Materials during the fourth quarter worth about $28,000. Achmea Investment Management B.V. bought a new stake in shares of Vulcan Materials during the first quarter worth about $29,000. Finally, OLD Point Trust & Financial Services N A bought a new stake in shares of Vulcan Materials during the second quarter worth about $37,000. Institutional investors own 90.10% of the company’s stock.

Vulcan Materials Company Profile

(Get Free Report)

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 Aggregates segment 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.

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