Vulcan Materials (NYSE:VMC – Get Free Report) had its target price upped by Stifel Nicolaus from $320.00 to $342.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus‘s target price points to a potential upside of 20.75% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Citigroup lifted their price objective on shares of Vulcan Materials from $300.00 to $326.00 and gave the company a “buy” rating in a report on Friday, October 30th. B. Riley Financial upped their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Royal Bank Of Canada raised their target price on shares of Vulcan Materials from $256.00 to $257.00 and gave the stock a “sector perform” rating in a research report on Friday, October 30th. UBS Group reduced their target price on shares of Vulcan Materials from $349.00 to $326.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Finally, Raymond James Financial decreased their price target on shares of Vulcan Materials from $320.00 to $308.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Twelve equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $311.94.
Check Out Our Latest Research Report on VMC
Vulcan Materials Stock Performance
Vulcan Materials stock opened at $283.23 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 0.96. The company’s 50-day moving average is $257.12 and its 200 day moving average is $280.04. Vulcan Materials has a 1-year low of $237.03 and a 1-year high of $331.09. The firm has a market capitalization of $36.35 billion, a P/E ratio of 33.52, a price-to-earnings-growth ratio of 2.92 and a beta of 0.99.
Vulcan Materials (NYSE:VMC – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.02. Vulcan Materials had a return on equity of 13.03% and a net margin of 13.77%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the company earned $2.84 EPS. Vulcan Materials’s quarterly revenue was down 4.7% compared to the same quarter last year. Research analysts forecast that Vulcan Materials will post 8.89 EPS for the current year.
Insider Activity at Vulcan Materials
In related news, Director J. Hill sold 28,000 shares of Vulcan Materials stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $285.40, for a total value of $7,991,200.00. Following the completion of the sale, the director directly owned 30,209 shares in the company, valued at $8,621,648.60. The trade was a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.65% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Putney Financial Group LLC raised its holdings in shares of Vulcan Materials by 3.6% in the 3rd quarter. Putney Financial Group LLC now owns 1,031 shares of the construction company’s stock valued at $252,000 after purchasing an additional 36 shares in the last quarter. North Dakota State Investment Board boosted its stake in shares of Vulcan Materials by 1.0% during the third quarter. North Dakota State Investment Board now owns 3,970 shares of the construction company’s stock valued at $971,000 after purchasing an additional 39 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Vulcan Materials by 71.7% during the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock valued at $28,000 after purchasing an additional 43 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Vulcan Materials by 2.6% during the second quarter. Wedmont Private Capital now owns 1,877 shares of the construction company’s stock valued at $554,000 after purchasing an additional 47 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its position in Vulcan Materials by 1.0% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 4,889 shares of the construction company’s stock valued at $1,442,000 after purchasing an additional 50 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.
About Vulcan Materials
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