Separately, Zacks Investment Research raised shares of Vulcan Materials Company from a sell rating to a hold rating in a report on Tuesday, March 21st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Vulcan Materials Company presently has an average rating of Hold and a consensus target price of $135.60.
Shares of Vulcan Materials Company (NYSE VMC) opened at 129.38 on Thursday. The company has a market capitalization of $17.10 billion, a P/E ratio of 41.39 and a beta of 1.00. Vulcan Materials Company has a 52-week low of $105.71 and a 52-week high of $138.18. The stock’s 50 day moving average is $127.27 and its 200 day moving average is $123.91.
Vulcan Materials Company (NYSE:VMC) last issued its quarterly earnings results on Wednesday, May 10th. The construction company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. Vulcan Materials Company had a net margin of 11.61% and a return on equity of 8.80%. The company had revenue of $787 million during the quarter, compared to analysts’ expectations of $743.79 million. During the same period last year, the company posted $0.26 EPS. Vulcan Materials Company’s revenue was up 4.3% on a year-over-year basis. Equities analysts expect that Vulcan Materials Company will post $4.08 EPS for the current year.
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The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Wednesday, May 24th were issued a $0.25 dividend. The ex-dividend date was Monday, May 22nd. This represents a $1.00 annualized dividend and a yield of 0.77%. Vulcan Materials Company’s dividend payout ratio (DPR) is presently 32.15%.
In other Vulcan Materials Company news, VP Ejaz A. Khan sold 2,024 shares of Vulcan Materials Company stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $125.30, for a total value of $253,607.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stanley G. Bass sold 4,413 shares of Vulcan Materials Company stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total transaction of $582,516.00. Following the completion of the sale, the insider now owns 21,939 shares of the company’s stock, valued at $2,895,948. The disclosure for this sale can be found here. Insiders sold 6,743 shares of company stock valued at $876,515 over the last ninety days. Corporate insiders own 0.89% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Vulcan Materials Company by 2,909.7% in the first quarter. BlackRock Inc. now owns 8,067,195 shares of the construction company’s stock worth $971,936,000 after buying an additional 7,799,158 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Vulcan Materials Company during the first quarter worth approximately $138,381,000. Marshall Wace North America L.P. bought a new stake in shares of Vulcan Materials Company during the first quarter worth approximately $138,381,000. Norges Bank bought a new stake in shares of Vulcan Materials Company during the fourth quarter worth approximately $134,420,000. Finally, Point72 Asset Management L.P. raised its stake in shares of Vulcan Materials Company by 226.1% in the first quarter. Point72 Asset Management L.P. now owns 950,200 shares of the construction company’s stock worth $114,480,000 after buying an additional 658,800 shares in the last quarter. Hedge funds and other institutional investors own 86.91% of the company’s stock.
About Vulcan Materials Company
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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