Stocks of Vulcan Materials Company (NYSE:VMC) traded higher last session on Wall Street, down -0.40% to $223.08.
According to the data, Vulcan Materials Company (NYSE:VMC) has 24 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $265.00 and a low of $202.00, we find $235.00. Given the previous closing price of $223.97, this indicates a potential upside of 4.92 percent. VMC stock price is now 4.86% away from the 50-day moving average and 20.45% away from the 200-day moving average. The market capitalization of the company currently stands at $29.43B.
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A total of 6 analysts have issued a hold rating and 15 have given it a buy rating. Brokers who have rated the stock have averaged $235.95 as their price target over the next twelve months.
With the price target enhanced from $215 to $230, JP Morgan Downgraded its rating from Overweight to Neutral for Vulcan Materials Company (NYSE: VMC).
In other news, Hill J Thomas, Chairman, President & CEO sold 4,695 shares of the company’s stock on Jun 07. The stock was sold for $947,381 at an average price of $201.79. Upon completion of the transaction, the Chairman, President & CEO now directly owns 80,039 shares in the company, valued at $17.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 02, Vice President and Controller Pigg Randy L. sold 560 shares of the business’s stock. A total of $113,366 was realized by selling the stock at an average price of $202.44. This leaves the insider owning 1,707 shares of the company worth $0.38 million. Insiders disposed of 56,350 shares of company stock worth roughly $12.57 million over the past 1 year. A total of 0.17% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VMC stock. A new stake in Vulcan Materials Company shares was purchased by SENATOR INVESTMENT GROUP LP during the first quarter worth $156,156,000. XN LP invested $71,826,000 in shares of VMC during the first quarter. In the first quarter, SOUTHPOINT CAPITAL ADVISORS LP acquired a new stake in Vulcan Materials Company valued at approximately $66,924,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in VMC for approximately $37,365,000. SQUAREPOINT OPS LLC purchased a new stake in VMC valued at around $17,829,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $223.19 for Vulcan Materials Company (NYSE: VMC). During the past 12 months, Vulcan Materials Company has had a low of $147.64 and a high of $226.19. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 2.40, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $34.09B, which is based on a 47.80 price-to-earnings ratio, a 2.32 price-to-earnings-growth ratio, and a beta of 0.79. The fifty day moving average price for VMC is $213.25 and a two-hundred day moving average price translates $185.55 for the stock.
According to the Building Materials Company, earnings per share came in at $0.95, beating analysts’ expectations of $0.61 by 0.34. This compares to -$0.01 EPS in the same period last year. The net profit margin was 8.10% and return on equity was 8.80% for VMC. The company reported revenue of $1.65 billion for the quarter, compared to $1.54 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.03 percent. For the current quarter, analysts expect VMC to generate $167.68B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/06/2023. Investors who held shares on 08/17/2023 were paid a $0.43 dividend. On an annualized basis, this represents a $1.72 dividend and a 0.77% percent yield. There was an ex-dividend date of 08/16/2023 for this dividend. In terms of dividend payout ratio, VMC is presently at 35.90%.
