Vulcan Materials (NYSE:VMC – Get Free Report) had its price objective hoisted by investment analysts at Stephens from $285.00 to $315.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Stephens‘s price objective suggests a potential upside of 9.05% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. Raymond James Financial dropped their price target on shares of Vulcan Materials from $320.00 to $308.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. Weiss Ratings downgraded Vulcan Materials from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Jefferies Financial Group lowered their price objective on Vulcan Materials from $345.00 to $320.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Truist Financial dropped their target price on Vulcan Materials from $360.00 to $320.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Finally, B. Riley Financial lifted their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Monday. Twelve analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $311.28.
Check Out Our Latest Analysis on VMC
Vulcan Materials Stock Up 2.7%
Vulcan Materials stock traded up $7.60 during midday trading on Monday, reaching $288.85. The stock had a trading volume of 496,195 shares, compared to its average volume of 1,175,684. Vulcan Materials has a 12 month low of $237.03 and a 12 month high of $331.09. The company has a market capitalization of $37.07 billion, a P/E ratio of 34.16, a PEG ratio of 2.91 and a beta of 0.99. The company has a fifty day moving average price of $255.77 and a two-hundred day moving average price of $280.40. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47.
Vulcan Materials (NYSE:VMC – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The construction company reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.02. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. Vulcan Materials had a return on equity of 13.03% and a net margin of 13.77%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.84 EPS. As a group, equities analysts expect that Vulcan Materials will post 8.86 EPS for the current fiscal year.
Insider Activity at Vulcan Materials
In related news, Director J. Hill sold 14,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the sale, the director owned 58,209 shares of the company’s stock, valued at approximately $16,075,579.53. This represents a 19.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Clement sold 2,000 shares of Vulcan Materials stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the sale, the senior vice president owned 6,716 shares of the company’s stock, valued at approximately $1,914,731.60. This trade represents a 22.95% decrease in their position. The SEC filing for this sale provides additional information. 0.65% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Vulcan Materials
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bfsg LLC increased its stake in shares of Vulcan Materials by 0.8% in the third quarter. Bfsg LLC now owns 13,491 shares of the construction company’s stock worth $3,300,000 after buying an additional 110 shares during the period. Chicago Partners Investment Group LLC boosted its position in shares of Vulcan Materials by 7.5% during the third quarter. Chicago Partners Investment Group LLC now owns 1,756 shares of the construction company’s stock valued at $460,000 after purchasing an additional 122 shares in the last quarter. Ascent Group LLC boosted its position in shares of Vulcan Materials by 6.9% in the 3rd quarter. Ascent Group LLC now owns 1,967 shares of the construction company’s stock worth $481,000 after purchasing an additional 127 shares in the last quarter. Markel Group Inc. bought a new stake in Vulcan Materials during the 3rd quarter valued at about $234,000. Finally, Farrow Financial Inc. increased its holdings in shares of Vulcan Materials by 1.3% in the 3rd quarter. Farrow Financial Inc. now owns 8,697 shares of the construction company’s stock worth $2,128,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.
Vulcan Materials Company Profile
Vulcan Materials Company (NYSE: VMC) is a producer and distributor of construction materials used in infrastructure, commercial, residential and industrial projects. The company is the largest producer of construction aggregates in the United States, including crushed stone, sand and gravel.
In addition to aggregates, Vulcan Materials produces asphalt mix, ready-mixed concrete and cement. Its materials are used in roads, bridges, airports, commercial buildings, homes and other construction applications.
Featured Stories
- Five stocks we like better than Vulcan Materials
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.
