Stock analysts at Barclays began coverage on shares of Vulcan Materials (NYSE:VMC) in a research report issued to clients and investors on Tuesday. The firm set an “overweight” rating and a $135.00 price target on the construction company’s stock. Barclays’ price target would suggest a potential upside of 11.10% from the stock’s previous close.

A number of other equities research analysts have also commented on VMC. Jefferies Group set a $114.00 price target on Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Citigroup reaffirmed a “buy” rating and set a $140.00 target price (down from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a research report on Tuesday, October 10th. Bank of America decreased their target price on Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Thursday, October 19th. Finally, Zacks Investment Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $139.29.

Vulcan Materials (VMC) traded down $1.41 during midday trading on Tuesday, reaching $121.51. The company had a trading volume of 1,225,700 shares, compared to its average volume of 1,262,013. The stock has a market cap of $16,260.41, a price-to-earnings ratio of 41.39, a P/E/G ratio of 2.40 and a beta of 0.88. Vulcan Materials has a twelve month low of $108.95 and a twelve month high of $136.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.36). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 earnings per share. research analysts anticipate that Vulcan Materials will post 3.04 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. L & S Advisors Inc grew its stake in shares of Vulcan Materials by 0.7% during the 2nd quarter. L & S Advisors Inc now owns 3,870 shares of the construction company’s stock worth $490,000 after acquiring an additional 25 shares during the period. Calamos Wealth Management LLC grew its stake in shares of Vulcan Materials by 0.8% during the 2nd quarter. Calamos Wealth Management LLC now owns 10,519 shares of the construction company’s stock worth $1,333,000 after acquiring an additional 80 shares during the period. IFP Advisors Inc grew its stake in shares of Vulcan Materials by 3.9% during the 2nd quarter. IFP Advisors Inc now owns 2,669 shares of the construction company’s stock worth $338,000 after acquiring an additional 101 shares during the period. Thrivent Financial For Lutherans grew its stake in shares of Vulcan Materials by 2.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,000 shares of the construction company’s stock worth $633,000 after acquiring an additional 120 shares during the period. Finally, Linscomb & Williams Inc. grew its stake in shares of Vulcan Materials by 3.1% during the 2nd quarter. Linscomb & Williams Inc. now owns 4,120 shares of the construction company’s stock worth $522,000 after acquiring an additional 125 shares during the period. Institutional investors own 89.10% of the company’s stock.

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About Vulcan Materials

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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