Investment Analysts’ Recent Ratings Changes for Vulcan Materials (VMC)

Several brokerages have updated their recommendations and price targets on shares of Vulcan Materials (NYSE: VMC) in the last few weeks:

  • 1/24/2023 – Vulcan Materials was downgraded by analysts at Atlantic Securities from an “overweight” rating to a “neutral” rating. They now have a $185.00 price target on the stock, up previously from $180.00.
  • 1/20/2023 – Vulcan Materials had its price target lowered by analysts at Morgan Stanley from $203.00 to $199.00. They now have an “equal weight” rating on the stock.
  • 1/13/2023 – Vulcan Materials was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $191.00 price target on the stock, up previously from $170.00.
  • 1/10/2023 – Vulcan Materials had its price target raised by analysts at Citigroup Inc. from $194.00 to $211.00.
  • 12/19/2022 – Vulcan Materials had its price target raised by analysts at Stifel Nicolaus from $215.00 to $227.00. They now have a “buy” rating on the stock.
  • 12/14/2022 – Vulcan Materials had its price target raised by analysts at Morgan Stanley from $181.00 to $203.00. They now have an “equal weight” rating on the stock.
  • 12/8/2022 – Vulcan Materials was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $200.00 price target on the stock, up previously from $185.00.

Vulcan Materials Trading Up 0.1 %

VMC stock traded up $0.16 during mid-day trading on Wednesday, reaching $178.46. 338,199 shares of the stock traded hands, compared to its average volume of 590,600. The company has a current ratio of 1.71, a quick ratio of 1.31 and a debt-to-equity ratio of 0.56. Vulcan Materials has a 52-week low of $137.54 and a 52-week high of $193.31. The company has a market cap of $23.72 billion, a P/E ratio of 40.10, a P/E/G ratio of 1.91 and a beta of 0.79. The stock’s fifty day moving average is $179.28 and its 200-day moving average is $169.10.

Vulcan Materials (NYSE:VMCGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The construction company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Vulcan Materials had a net margin of 8.26% and a return on equity of 10.56%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2 billion. As a group, sell-side analysts expect that Vulcan Materials will post 5.33 earnings per share for the current year.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 2,000 shares of the stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $180.00, for a total value of $360,000.00. Following the completion of the sale, the senior vice president now directly owns 1,970 shares of the company’s stock, valued at $354,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Vulcan Materials

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its position in Vulcan Materials by 13.8% during the second quarter. Rhumbline Advisers now owns 241,023 shares of the construction company’s stock valued at $34,249,000 after acquiring an additional 29,276 shares in the last quarter. State of Michigan Retirement System grew its holdings in Vulcan Materials by 0.3% during the third quarter. State of Michigan Retirement System now owns 35,976 shares of the construction company’s stock valued at $5,674,000 after purchasing an additional 100 shares during the last quarter. CWM LLC grew its holdings in Vulcan Materials by 16.7% during the third quarter. CWM LLC now owns 1,683 shares of the construction company’s stock valued at $265,000 after purchasing an additional 241 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Vulcan Materials by 66.2% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 24,425 shares of the construction company’s stock valued at $3,469,000 after purchasing an additional 9,727 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its holdings in Vulcan Materials by 3.1% during the second quarter. Ensign Peak Advisors Inc now owns 206,330 shares of the construction company’s stock valued at $29,320,000 after purchasing an additional 6,283 shares during the last quarter. Institutional investors own 90.08% of the company’s stock.

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.

Recommended Stories

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.