Vulcan Materials (NYSE:VMC) Receives $301.18 Average Target Price from Brokerages

Vulcan Materials (NYSE:VMC) has been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $301.18.

Several equities research analysts recently weighed in on VMC shares. Truist Financial increased their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays boosted their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Raymond James cut their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Citigroup decreased their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th.

Institutional Trading of Vulcan Materials

A number of hedge funds have recently bought and sold shares of VMC. Ashton Thomas Securities LLC purchased a new position in shares of Vulcan Materials during the 3rd quarter worth $30,000. Concord Wealth Partners acquired a new stake in Vulcan Materials in the 3rd quarter worth about $35,000. Washington Trust Advisors Inc. grew its holdings in Vulcan Materials by 240.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after buying an additional 113 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Vulcan Materials during the 3rd quarter valued at about $42,000. Finally, Asset Dedication LLC boosted its position in shares of Vulcan Materials by 146.5% in the third quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of VMC opened at $275.04 on Friday. The company’s 50 day simple moving average is $271.68 and its 200-day simple moving average is $259.47. Vulcan Materials has a 12-month low of $219.73 and a 12-month high of $298.31. The firm has a market cap of $36.32 billion, a PE ratio of 43.38, a price-to-earnings-growth ratio of 2.16 and a beta of 0.83. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. Vulcan Materials’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the company posted $2.29 EPS. As a group, equities analysts predict that Vulcan Materials will post 7.16 EPS for the current year.

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.