Media stories about Vulcan Materials (NYSE:VMC) have been trending somewhat positive on Sunday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Vulcan Materials earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 45.7341800381385 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Vulcan Increases Quarterly Dividend On Common Stock (finance.yahoo.com)
- Vulcan Materials (VMC) Announces Dividend Increase – $0.28 Per Share (americanbankingnews.com)
- Pre-Market Technical Scan on General Building Materials Equities — Owens Corning, Summit Materials, USG Corp., and Vulcan Materials (prnewswire.com)
- Vulcan Materials (VMC) to Release Quarterly Earnings on Friday (americanbankingnews.com)
- Vulcan Materials Sees Unusually High Options Volume (VMC) (americanbankingnews.com)
Several equities analysts have weighed in on the stock. Barclays assumed coverage on shares of Vulcan Materials in a report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 price target on the stock. Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. Jefferies Group reissued a “hold” rating and issued a $135.00 target price on shares of Vulcan Materials in a report on Wednesday, January 17th. Bank of America boosted their target price on shares of Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Finally, Citigroup boosted their target price on shares of Vulcan Materials from $144.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $146.13.
Vulcan Materials (VMC) traded up $3.53 during trading on Friday, reaching $125.00. 1,306,940 shares of the company were exchanged, compared to its average volume of 1,464,610. The stock has a market capitalization of $16,535.63, a P/E ratio of 43.71, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 52 week low of $108.95 and a 52 week high of $141.20.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.28 per share. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a yield of 0.90%. Vulcan Materials’s payout ratio is 34.97%.
In other news, insider Michael R. Mills sold 4,659 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the transaction, the insider now directly owns 45,351 shares in the company, valued at $6,043,020.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael R. Mills sold 3,738 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total transaction of $502,985.28. Following the completion of the transaction, the insider now owns 44,581 shares in the company, valued at $5,998,819.36. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.
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About Vulcan Materials
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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