Vulcan Materials (NYSE:VMC) had its target price boosted by investment analysts at Barclays from $140.00 to $160.00 in a report issued on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s price target would indicate a potential upside of 10.15% from the stock’s current price.
Several other research analysts have also commented on the company. ValuEngine lowered Vulcan Materials from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Longbow Research increased their price objective on Vulcan Materials from $145.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus increased their price objective on Vulcan Materials from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Royal Bank of Canada set a $142.00 price objective on Vulcan Materials and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. increased their price objective on Vulcan Materials from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $138.25.
VMC stock opened at $145.26 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.89 and a quick ratio of 1.23. The business has a 50 day simple moving average of $140.30 and a 200-day simple moving average of $129.32. The firm has a market capitalization of $18.79 billion, a PE ratio of 35.87, a price-to-earnings-growth ratio of 1.67 and a beta of 0.93. Vulcan Materials has a 1 year low of $82.52 and a 1 year high of $145.53.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Vulcan Materials had a return on equity of 11.07% and a net margin of 12.12%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 earnings per share. On average, equities research analysts expect that Vulcan Materials will post 4.84 EPS for the current year.
In other Vulcan Materials news, insider Stanley G. Bass sold 2,406 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $141.94, for a total transaction of $341,507.64. Following the transaction, the insider now owns 35,263 shares of the company’s stock, valued at $5,005,230.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Stanley G. Bass sold 6,207 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $135.80, for a total value of $842,910.60. Following the transaction, the insider now directly owns 53,813 shares in the company, valued at approximately $7,307,805.40. The disclosure for this sale can be found here. 0.79% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NuWave Investment Management LLC lifted its position in shares of Vulcan Materials by 809.5% during the 2nd quarter. NuWave Investment Management LLC now owns 191 shares of the construction company’s stock valued at $26,000 after acquiring an additional 170 shares during the period. Coastal Investment Advisors Inc. grew its stake in shares of Vulcan Materials by 1,550.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 198 shares of the construction company’s stock valued at $27,000 after buying an additional 186 shares during the period. FinTrust Capital Advisors LLC grew its stake in shares of Vulcan Materials by 136.9% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 244 shares of the construction company’s stock valued at $33,000 after buying an additional 141 shares during the period. CSat Investment Advisory L.P. grew its stake in shares of Vulcan Materials by 109.4% during the 2nd quarter. CSat Investment Advisory L.P. now owns 358 shares of the construction company’s stock valued at $49,000 after buying an additional 187 shares during the period. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of Vulcan Materials during the 2nd quarter valued at $71,000. 95.21% of the stock is currently owned by hedge funds and other institutional investors.
Vulcan Materials Company Profile
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.
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