Vulcan Materials (NYSE:VMC) Stock Rating Upgraded by Wall Street Zen

Vulcan Materials (NYSE:VMC) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also weighed in on VMC. Truist Financial lifted their price target on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Barclays lifted their price target 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. Stephens lifted their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Zacks Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research note on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $329.62.

Vulcan Materials Stock Performance

Shares of VMC opened at $283.73 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. Vulcan Materials has a twelve month low of $252.35 and a twelve month high of $331.09. The firm’s 50 day moving average price is $283.32 and its two-hundred day moving average price is $292.70. The firm has a market cap of $36.82 billion, a P/E ratio of 33.74, a PEG ratio of 2.06 and a beta of 1.09.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. On average, analysts forecast that Vulcan Materials will post 9.28 EPS for the current fiscal year.

Insider Activity at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $303.72, for a total value of $345,329.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.65% of the stock is currently owned by corporate insiders.

Institutional Trading of Vulcan Materials

A number of institutional investors have recently made changes to their positions in VMC. Lone Pine Capital LLC bought a new stake in shares of Vulcan Materials in the third quarter worth $425,938,000. Norges Bank bought a new stake in Vulcan Materials during the fourth quarter worth $383,613,000. Egerton Capital UK LLP bought a new stake in Vulcan Materials during the fourth quarter worth $273,861,000. Principal Financial Group Inc. raised its position in Vulcan Materials by 5.8% during the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock worth $2,345,703,000 after acquiring an additional 414,828 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Vulcan Materials by 121.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 717,409 shares of the construction company’s stock worth $204,619,000 after acquiring an additional 393,339 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Company Profile

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.