Vulcan Materials Co. Reaches New 12-Month High at $60.27 (VMC)
Vulcan Materials (NYSE:VMC)’s share price reached a new 52-week high during trading hours on Thursday, Analyst Ratings Net reports. The company traded as high as $60.27 and last traded at $60.11, with a volume of 1,011,839 shares traded. The stock had previously closed at $59.68.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Vulcan Materials from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 9th. They now have a $71.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Vulcan Materials from a “sell” rating to a “neutral” rating in a research note to investors on Monday, December 30th. Finally, analysts at RBC Capital raised their price target on shares of Vulcan Materials from $60.00 to $65.00 in a research note to investors on Tuesday, November 5th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $59.83.
In other Vulcan Materials news, VP J Wayne Houston unloaded 10,000 shares of Vulcan Materials stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the sale, the vice president now directly owns 1,870 shares in the company, valued at approximately $112,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Vulcan Materials has a one year low of $45.42 and a one year high of $60.14. The stock’s 50-day moving average is $57.35 and its 200-day moving average is $52.81. The company has a market cap of $7.788 billion and a P/E ratio of 435.62.
Vulcan Materials (NYSE:VMC) last announced its earnings results on Monday, November 4th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.05. The company had revenue of $775.20 million for the quarter, compared to the consensus estimate of $774.13 million. During the same quarter last year, the company posted $0.14 earnings per share. Vulcan Materials’s revenue was up 11.6% compared to the same quarter last year. Analysts expect that Vulcan Materials will post $-0.06 EPS for the current fiscal year.
Vulcan Materials Company is a producer of construction aggregates primarily crushed stone, sand, and gravel.
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