Vulcan Materials (NYSE:VMC) Given New $300.00 Price Target at Morgan Stanley

Vulcan Materials (NYSE:VMC) had its price target hoisted by Morgan Stanley from $295.00 to $300.00 in a report published on Monday,Benzinga reports. They currently have an equal weight rating on the construction company’s stock.

Other analysts also recently issued reports about the company. UBS Group started coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price for the company. Royal Bank of Canada boosted their price objective on Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 19th. Raymond James decreased their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Stephens reaffirmed an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. Finally, Truist Financial increased their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus price target of $304.55.

Vulcan Materials Stock Down 0.6 %

Shares of NYSE VMC opened at $251.45 on Monday. Vulcan Materials has a 1 year low of $225.36 and a 1 year high of $298.31. The company has a market capitalization of $33.21 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The business has a 50-day moving average of $265.69 and a two-hundred day moving average of $261.69.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $1.46 EPS. On average, analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.49 dividend. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.78%. Vulcan Materials’s payout ratio is presently 26.86%.

Hedge Funds Weigh In On Vulcan Materials

Several institutional investors and hedge funds have recently added to or reduced their stakes in VMC. Murphy & Mullick Capital Management Corp acquired a new position in Vulcan Materials during the fourth quarter worth $30,000. Ashton Thomas Securities LLC purchased a new stake in Vulcan Materials during the third quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new position in Vulcan Materials during the fourth quarter worth about $31,000. Generali Asset Management SPA SGR acquired a new position in Vulcan Materials during the fourth quarter worth about $32,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Vulcan Materials in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Company Profile

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 company 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.