Vulcan Materials (NYSE:VMC) – Equities research analysts at Jefferies Group lifted their FY2019 earnings per share (EPS) estimates for Vulcan Materials in a research note issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst P. Ng now anticipates that the construction company will post earnings of $5.51 per share for the year, up from their prior estimate of $5.02. Jefferies Group currently has a “Hold” rating and a $135.00 target price on the stock.
A number of other equities research analysts have also issued reports on the stock. Citigroup reissued a “buy” rating and set a $144.00 target price on shares of Vulcan Materials in a research note on Tuesday, December 26th. SunTrust Banks set a $145.00 target price on shares of Vulcan Materials and gave the company a “buy” rating in a research note on Saturday, December 16th. Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Barclays assumed coverage on shares of Vulcan Materials in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $135.00 price objective for the company. Finally, Stephens reaffirmed a “buy” rating and issued a $158.00 price objective on shares of Vulcan Materials in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $146.13.
Shares of Vulcan Materials (NYSE VMC) traded up $3.53 during trading hours on Friday, hitting $125.00. 1,306,940 shares of the company’s stock were exchanged, compared to its average volume of 1,460,000. The firm has a market cap of $16,530.00, a price-to-earnings ratio of 42.66, a P/E/G ratio of 1.83 and a beta of 0.84. Vulcan Materials has a 52 week low of $108.95 and a 52 week high of $141.20. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.90%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.25. Vulcan Materials’s payout ratio is presently 34.13%.
In related news, insider Michael R. Mills sold 3,738 shares of Vulcan Materials stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total value of $502,985.28. Following the transaction, the insider now owns 44,581 shares in the company, valued at approximately $5,998,819.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael R. Mills sold 4,659 shares of Vulcan Materials stock in a transaction on Friday, January 5th. The stock was sold at an average price of $133.25, for a total transaction of $620,811.75. Following the completion of the transaction, the insider now owns 45,351 shares in the company, valued at approximately $6,043,020.75. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. New England Research & Management Inc. bought a new position in Vulcan Materials in the 3rd quarter worth $287,000. Caxton Associates LP increased its holdings in shares of Vulcan Materials by 166.7% during the 2nd quarter. Caxton Associates LP now owns 120,000 shares of the construction company’s stock worth $15,202,000 after purchasing an additional 75,000 shares during the period. Global X MANAGEMENT CO LLC increased its holdings in shares of Vulcan Materials by 20.9% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,222 shares of the construction company’s stock worth $864,000 after purchasing an additional 1,247 shares during the period. AXA increased its holdings in shares of Vulcan Materials by 46.3% during the 3rd quarter. AXA now owns 46,657 shares of the construction company’s stock worth $5,580,000 after purchasing an additional 14,759 shares during the period. Finally, Quantitative Systematic Strategies LLC increased its holdings in shares of Vulcan Materials by 178.1% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 16,514 shares of the construction company’s stock worth $1,975,000 after purchasing an additional 10,576 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.
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Vulcan Materials Company Profile
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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