Vulcan Materials (NYSE:VMC) Coverage Initiated at DA Davidson

Analysts at DA Davidson started coverage on shares of Vulcan Materials (NYSE:VMC) in a report issued on Tuesday. The brokerage set a “buy” rating and a $330.00 price target on the construction company’s stock. DA Davidson’s target price would suggest a potential upside of 19.62% from the stock’s current price.

A number of other equities analysts also recently issued reports on VMC. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a report on Tuesday, July 7th. UBS Group dropped their price target on shares of Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Wells Fargo & Company cut their price target on shares of Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Stifel Nicolaus set a $333.00 price objective on shares of Vulcan Materials in a research report on Thursday, April 30th. Finally, Barclays increased their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $328.64.

Vulcan Materials Stock Down 0.1%

VMC stock opened at $275.87 on Tuesday. The firm has a market capitalization of $35.75 billion, a PE ratio of 32.57, a P/E/G ratio of 1.99 and a beta of 1.06. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. Vulcan Materials has a twelve month low of $252.35 and a twelve month high of $331.09. The stock’s 50 day moving average is $288.85 and its 200-day moving average is $287.23.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.Vulcan Materials’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.42 earnings per share. Sell-side analysts expect that Vulcan Materials will post 9.29 EPS for the current fiscal year.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the sale, the senior vice president directly owned 6,716 shares of the company’s stock, valued at $1,914,731.60. This represents a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.65% of the company’s stock.

Institutional Trading of Vulcan Materials

Hedge funds and other institutional investors have recently modified their holdings of the business. Chesapeake Capital Corp IL lifted its stake in shares of Vulcan Materials by 0.9% during the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock valued at $1,059,000 after buying an additional 33 shares in the last quarter. Composition Wealth LLC boosted its stake in Vulcan Materials by 3.5% in the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after purchasing an additional 34 shares during the period. Truist Financial Corp grew its stake in Vulcan Materials by 0.3% during the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after acquiring an additional 38 shares in the last quarter. United Capital Financial Advisors LLC grew its position in shares of Vulcan Materials by 1.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after purchasing an additional 38 shares in the last quarter. Finally, 4WEALTH Advisors Inc. grew its position in Vulcan Materials by 3.2% during the first quarter. 4WEALTH Advisors Inc. now owns 1,261 shares of the construction company’s stock worth $337,000 after buying an additional 39 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.