Vulcan Materials Company (NYSE:VMC) Stock Has Consensus Price Target of $318.21 According to Analysts

Vulcan Materials Company (NYSE:VMC) has earned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $316.57.

A number of equities analysts have recently commented on VMC shares. Truist Financial dropped their target price on Vulcan Materials from $360.00 to $320.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings lowered Vulcan Materials from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Royal Bank Of Canada raised their price target on Vulcan Materials from $293.00 to $300.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Citigroup dropped their price objective on shares of Vulcan Materials from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Finally, UBS Group cut their price objective on shares of Vulcan Materials from $349.00 to $326.00 and set a “buy” rating on the stock in a research report on Thursday.

Vulcan Materials Stock Up 0.8%

Shares of NYSE:VMC opened at $245.98 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. Vulcan Materials has a 12 month low of $237.03 and a 12 month high of $331.09. The company has a 50-day moving average price of $262.05 and a 200 day moving average price of $277.21. The company has a market cap of $31.87 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 2.46 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the business posted $2.42 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts predict that Vulcan Materials will post 9.1 earnings per share for the current year.

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 2,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director J. Hill sold 14,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the completion of the sale, the director directly owned 58,209 shares in the company, valued at $16,075,579.53. This trade represents a 19.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.65% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VMC. BlackRock Inc. bought a new position in shares of Vulcan Materials in the 2nd quarter worth $2,868,444,000. SCS Capital Management LLC purchased a new stake in shares of Vulcan Materials during the 2nd quarter worth $19,628,000. Silvant Capital Management LLC bought a new stake in Vulcan Materials during the second quarter valued at about $35,140,000. Veritas Asset Management LLP bought a new stake in Vulcan Materials during the second quarter valued at about $306,641,000. Finally, Family Legacy Inc. bought a new stake in Vulcan Materials during the second quarter valued at about $6,403,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

About Vulcan Materials

Vulcan Materials Company (NYSE:VMC) is a major producer and supplier of construction materials in the United States. The company primarily produces and distributes construction aggregates, including crushed stone, sand and gravel, which are used in infrastructure, commercial, residential and industrial projects.

In addition to aggregates, Vulcan produces asphalt mix and ready-mixed concrete and provides related construction-material services. Its products support highways, bridges, airports, buildings and other essential infrastructure.