Analysts Set Vulcan Materials Company (NYSE:VMC) Target Price at $317.58

Vulcan Materials Company (NYSE:VMC) has been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $317.8333.

Several brokerages recently issued reports on VMC. Royal Bank Of Canada cut their price objective on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Citigroup increased their price objective on Vulcan Materials from $342.00 to $345.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus set a $327.00 price objective on Vulcan Materials in a research report on Monday, November 3rd. Barclays boosted their target price on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Raymond James Financial lifted their price target on shares of Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st.

Insiders Place Their Bets

In other news, President Thompson S. Baker II sold 7,135 shares of Vulcan Materials stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $300.81, for a total value of $2,146,279.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Denson N. Franklin III sold 665 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total value of $196,175.00. Following the completion of the transaction, the senior vice president owned 8,284 shares of the company’s stock, valued at $2,443,780. The trade was a 7.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 20,471 shares of company stock valued at $6,054,615. Company insiders own 0.62% of the company’s stock.

Institutional Trading of Vulcan Materials

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VMC. ORG Partners LLC lifted its holdings in shares of Vulcan Materials by 86.3% during the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after acquiring an additional 44 shares during the period. Westside Investment Management Inc. raised its stake in Vulcan Materials by 100.0% during the third quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock worth $25,000 after purchasing an additional 42 shares during the period. Greykasell Wealth Strategies Inc. acquired a new position in shares of Vulcan Materials in the 3rd quarter valued at $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Vulcan Materials in the 3rd quarter valued at $30,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Vulcan Materials during the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $299.17 on Friday. The firm has a market capitalization of $39.53 billion, a PE ratio of 35.53, a P/E/G ratio of 2.06 and a beta of 1.06. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $311.74. The firm’s 50-day simple moving average is $291.17 and its 200 day simple moving average is $287.67. The company has a quick ratio of 1.56, a current ratio of 2.23 and a debt-to-equity ratio of 0.50.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. Vulcan Materials had a net margin of 14.19% and a return on equity of 13.47%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the business posted $2.22 earnings per share. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

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.