Vulcan Materials Co is a building material company located in Alabama, United States, which is part of the Basic Materials sector, and is traded under the ticker VMC on the NYSE exchange.
Vulcan Materials Co stock last closed at $211.16, down 0.79% from the previous day, and has increased 17.52% in one year. It has underperformed other stocks in the Building Materials industry by 0.15 percentage points. Vulcan Materials Co stock is currently +32.17% from its 52-week low of $159.76, and -8.09% from its 52-week high of $229.75.
At the moment, there are 132.87M VMC shares outstanding. The market cap of VMC is $28.06B. In the last 24 hours, 802,153 VMC shares were traded.
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Once you have selected the best place to buy Vulcan Materials Co stock, it's absolutely critical to analyze their stock before you invest, so you actually comprehend the risk as well as the opportunity.
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You can view all of the due diligence checks on VMC's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge VMC's fair value.
Using relative valuations methods:
You can access more valuation research on VMC's stock here.
Out of 10 sell side analysts who research VMC, the consensus analyst rating on VMC is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Trey Grooms, a top 3% analyst from Stephens & Co. maintains VMC with a strong buy rating and raises their VMC price target from $230.00 to $260.00, on Aug 4, 2023.
Stephens & Co.'s Trey Grooms raised their price target on Vulcan Materials Co (NYSE: VMC) by 13% from $230 to $260 on 2023/08/04. The analyst maintained their Strong Buy rating on the stock.
Grooms' update followed an assessment of Vulcan Materials' 2023/08/03 Q2 2023 earnings report and participation in the earnings call.
The analyst highlighted the following Q2 results:
Grooms predicted that prices and profits will rise in 2024, thanks to 2023's midyear "price actions."
For Q2 2023, Vulcan Materials reported:
For FY 2023, management guided:
Chairman & CEO Tom Hill commented in the earnings call: “Regardless of the demand environment, our focus is to consistently improve unit profitability and grow earnings so that we create value for our shareholders.
“We’re well positioned to do exactly that this year and deliver approximately 20% Y/Y improvement in both our cash gross profit per ton and adjusted EBITDA.”
Mike Dahl, a top 20% analyst from RBC Capital maintains VMC with a buy rating and raises their VMC price target from $212.00 to $236.00, on Aug 4, 2023.
James Hardiman, a top 14% analyst from Citigroup maintains VMC with a strong buy rating and raises their VMC price target from $256.00 to $260.00, on Aug 4, 2023.
Anthony Pettinari, a top 2% analyst from Citigroup maintains VMC with a strong buy rating and raises their VMC price target from $232.00 to $256.00, on Jul 14, 2023.
Philip Ng, a top 27% analyst from Jefferies maintains VMC with a strong buy rating and raises their VMC price target from $225.00 to $265.00, on Jul 13, 2023.
You can dig deeper into what analysts are forecasting on the Vulcan Materials Co stock forecast page.
Last year, VMC earnings were $825.20M. During the last five year, VMC's earnings have gone up by 2.72% per year. This was slower than the Building Materials industry average of 7.15%.
Last year, VMC revenue was $7.68B. Over the last 5 year, VMC's revenue has grown by 12.44% per year. This was faster than the Building Materials industry average of 8.4%.
Dig into VMC's earnings and revenue performance here.
In the last year, insiders at VMC have sold more shares than they have bought.
Jerry F. Perkins Jr., Senior Vice President of VMC, was the latest VMC insider to sell. They sold $166,023.72 worth of VMC shares on Nov 13, 2023.
Learn more about who owns VMC stock here.
Vulcan Materials Co pays a dividend of 0.81%, compared to the Building Materials industry's average dividend yield of 3.36%. If you owned $1,000 worth of VMC stock, you would have received $8.15 in the past 12 months.
Vulcan Materials Co dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Vulcan Materials Co dividend yield and history here.
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