Vulcan Materials (NYSE:VMC – Get Rating) had its target price hoisted by research analysts at Truist Financial from $210.00 to $225.00 in a note issued to investors on Friday, The Fly reports. Truist Financial’s target price would indicate a potential upside of 21.38% from the company’s previous close.
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VMC has been the subject of several other reports. DA Davidson raised their price target on Vulcan Materials from $200.00 to $212.00 in a report on Friday. Royal Bank of Canada raised Vulcan Materials from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $170.00 to $191.00 in a report on Friday, January 13th. Raymond James lifted their price objective on Vulcan Materials from $186.00 to $199.00 and gave the stock an “outperform” rating in a report on Wednesday, January 25th. JPMorgan Chase & Co. raised Vulcan Materials from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $185.00 to $200.00 in a report on Thursday, December 8th. Finally, Atlantic Securities cut Vulcan Materials from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $180.00 to $185.00 in a report on Tuesday, January 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $204.75.
Vulcan Materials Stock Down 5.2 %
VMC opened at $185.37 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.71 and a quick ratio of 1.31. The business has a 50 day simple moving average of $180.42 and a 200-day simple moving average of $172.43. The stock has a market capitalization of $24.64 billion, a P/E ratio of 41.66, a P/E/G ratio of 2.11 and a beta of 0.79. Vulcan Materials has a 12 month low of $137.54 and a 12 month high of $197.76.
Vulcan Materials (NYSE:VMC – Get Rating) last posted its quarterly earnings results on Thursday, February 16th. The construction company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.18). The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.84 billion. Vulcan Materials had a net margin of 8.26% and a return on equity of 10.56%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 earnings per share. On average, equities analysts anticipate that Vulcan Materials will post 5.32 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $180.00, for a total transaction of $360,000.00. Following the transaction, the senior vice president now owns 1,970 shares in the company, valued at $354,600. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Vulcan Materials by 1.3% in the first quarter. Vanguard Group Inc. now owns 14,535,907 shares of the construction company’s stock worth $2,670,246,000 after acquiring an additional 184,543 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Vulcan Materials by 5.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,771,928 shares of the construction company’s stock worth $1,246,491,000 after acquiring an additional 479,356 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Vulcan Materials by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 4,556,716 shares of the construction company’s stock worth $797,927,000 after acquiring an additional 32,826 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Vulcan Materials by 5.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,096,865 shares of the construction company’s stock worth $717,401,000 after acquiring an additional 211,244 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of Vulcan Materials by 4.1% in the fourth quarter. Clearbridge Investments LLC now owns 2,904,292 shares of the construction company’s stock worth $508,571,000 after acquiring an additional 114,857 shares in the last quarter. Institutional investors and hedge funds own 90.08% of the company’s stock.
Vulcan Materials Company Profile
Vulcan Materials Co engages in the provision of basic materials and supply for the infrastructure and construction industries. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.
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