Vulcan Materials (NYSE:VMC) PT Raised to $310.00 at Stephens

Vulcan Materials (NYSE:VMC) had its price objective lifted by research analysts at Stephens from $300.00 to $310.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Stephens’ target price would suggest a potential upside of 17.23% from the stock’s current price.

A number of other analysts also recently commented on the stock. Jefferies Financial Group boosted their price target on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $270.00 target price (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Truist Financial lifted their price target on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Citigroup upped their price objective on Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Royal Bank of Canada lifted their target price on Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a report on Friday. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and an average target price of $277.08.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $264.44 on Friday. Vulcan Materials has a 12-month low of $187.20 and a 12-month high of $276.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 2.39. The firm has a market capitalization of $34.98 billion, a price-to-earnings ratio of 38.60, a price-to-earnings-growth ratio of 1.98 and a beta of 0.83. The business has a 50 day simple moving average of $265.53 and a 200 day simple moving average of $236.46.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.11). Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the company posted $0.95 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Vulcan Materials will post 8.45 EPS for the current year.

Insiders Place Their Bets

In other news, VP Randy L. Pigg sold 307 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the completion of the sale, the vice president now owns 1,896 shares in the company, valued at $483,991.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Vulcan Materials news, Director Melissa H. Anderson sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $260.48, for a total value of $312,576.00. Following the transaction, the director now owns 330 shares in the company, valued at approximately $85,958.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Randy L. Pigg sold 307 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total transaction of $78,367.89. Following the transaction, the vice president now owns 1,896 shares in the company, valued at $483,991.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,017 shares of company stock worth $3,344,741. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Contravisory Investment Management Inc. lifted its holdings in shares of Vulcan Materials by 1.6% during the 1st quarter. Contravisory Investment Management Inc. now owns 2,579 shares of the construction company’s stock valued at $704,000 after buying an additional 40 shares during the last quarter. Commerce Bank grew its position in Vulcan Materials by 1.0% in the fourth quarter. Commerce Bank now owns 4,442 shares of the construction company’s stock worth $1,008,000 after acquiring an additional 43 shares in the last quarter. Brighton Jones LLC increased its stake in shares of Vulcan Materials by 2.4% during the 4th quarter. Brighton Jones LLC now owns 1,916 shares of the construction company’s stock worth $435,000 after purchasing an additional 45 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Vulcan Materials by 1.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,248 shares of the construction company’s stock valued at $656,000 after purchasing an additional 51 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in shares of Vulcan Materials by 2.7% in the 3rd quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock valued at $406,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.