Vulcan Materials (NYSE:VMC) saw some unusual options trading activity on Monday. Stock traders purchased 7,677 call options on the company. This is an increase of approximately 1,070% compared to the average volume of 656 call options.
A number of equities research analysts recently issued reports on VMC shares. Bank of America downgraded shares of Vulcan Materials from a “neutral” rating to an “underperform” rating and set a $103.00 price target on the stock. in a research note on Wednesday, October 17th. Stephens set a $125.00 price target on shares of Vulcan Materials and gave the company a “buy” rating in a research note on Wednesday, October 17th. Barclays reaffirmed a “buy” rating and set a $132.00 price target on shares of Vulcan Materials in a research note on Thursday, October 18th. Nomura started coverage on shares of Vulcan Materials in a research note on Monday, October 29th. They set a “neutral” rating and a $100.00 price target on the stock. Finally, Citigroup decreased their price target on shares of Vulcan Materials from $130.00 to $128.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Vulcan Materials currently has an average rating of “Buy” and an average price target of $121.73.
Several institutional investors and hedge funds have recently made changes to their positions in VMC. Capital Investment Advisory Services LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at $25,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at $34,000. First Personal Financial Services raised its stake in shares of Vulcan Materials by 74.5% in the fourth quarter. First Personal Financial Services now owns 342 shares of the construction company’s stock valued at $34,000 after acquiring an additional 146 shares during the period. Citizens Financial Group Inc RI purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at $46,000. Finally, Essex Savings Bank purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at $49,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of VMC opened at $105.61 on Tuesday. Vulcan Materials has a twelve month low of $82.52 and a twelve month high of $134.44. The firm has a market capitalization of $13.91 billion, a PE ratio of 34.74, a PEG ratio of 0.96 and a beta of 0.93. The company has a current ratio of 1.70, a quick ratio of 1.11 and a debt-to-equity ratio of 0.54.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 22nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, February 21st. This represents a $1.24 annualized dividend and a dividend yield of 1.17%. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.28. Vulcan Materials’s dividend payout ratio is currently 36.84%.
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Vulcan Materials Company Profile
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.
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