Vulcan Materials (NYSE:VMC) had its price target lifted by stock analysts at Citigroup from $144.00 to $158.00 in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s price objective would indicate a potential upside of 16.61% from the company’s previous close.
VMC has been the topic of several other reports. Bank of America cut their price target on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Thursday, October 19th. Jefferies Group upped their target price on shares of Vulcan Materials from $122.00 to $128.00 and gave the company a “hold” rating in a report on Friday, November 3rd. SunTrust Banks set a $145.00 target price on shares of Vulcan Materials and gave the company a “buy” rating in a report on Saturday, December 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $154.00 target price on shares of Vulcan Materials in a report on Tuesday, October 10th. Finally, Zacks Investment Research cut shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Saturday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $144.75.
Shares of Vulcan Materials (NYSE:VMC) opened at $135.49 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22. Vulcan Materials has a 52-week low of $108.95 and a 52-week high of $137.65. The company has a market cap of $17,920.00, a PE ratio of 46.24, a price-to-earnings-growth ratio of 1.97 and a beta of 0.87.
In other news, insider Michael R. Mills sold 4,659 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the sale, the insider now directly owns 45,351 shares of the company’s stock, valued at approximately $6,043,020.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael R. Mills sold 3,738 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total transaction of $502,985.28. Following the completion of the sale, the insider now directly owns 44,581 shares in the company, valued at $5,998,819.36. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its holdings in Vulcan Materials by 4,985.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,209,593 shares of the construction company’s stock valued at $533,271,000 after acquiring an additional 4,126,822 shares during the period. Wells Fargo & Company MN raised its holdings in Vulcan Materials by 17.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,385,223 shares of the construction company’s stock valued at $285,272,000 after acquiring an additional 354,498 shares during the period. Third Point LLC raised its holdings in Vulcan Materials by 46.9% in the 3rd quarter. Third Point LLC now owns 2,350,000 shares of the construction company’s stock valued at $281,060,000 after acquiring an additional 750,000 shares during the period. Caledonia Private Investments Pty Ltd raised its holdings in Vulcan Materials by 5.1% in the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 1,409,312 shares of the construction company’s stock valued at $168,554,000 after acquiring an additional 68,482 shares during the period. Finally, Point72 Asset Management L.P. raised its holdings in Vulcan Materials by 116.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,038,752 shares of the construction company’s stock valued at $124,235,000 after acquiring an additional 558,900 shares during the period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.
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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).
