Barclays Lowers Vulcan Materials (NYSE:VMC) Price Target to $296.00

Vulcan Materials (NYSE:VMC) had its price target dropped by stock analysts at Barclays from $320.00 to $296.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Barclays‘s price objective would indicate a potential upside of 5.72% from the company’s current price.

VMC has been the subject of several other reports. Truist Financial increased their target price on Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. B. Riley Financial started coverage on Vulcan Materials in a report on Thursday, January 15th. They set a “buy” rating and a $345.00 price target on the stock. Citigroup upped their price objective on Vulcan Materials from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Vulcan Materials in a report on Tuesday, January 27th. Finally, Royal Bank Of Canada cut their target price on shares of Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $324.92.

Vulcan Materials Stock Performance

NYSE VMC opened at $279.98 on Tuesday. The firm’s fifty day moving average price is $292.79 and its two-hundred day moving average price is $294.27. The stock has a market cap of $36.53 billion, a PE ratio of 34.48, a PEG ratio of 1.90 and a beta of 1.09. Vulcan Materials has a fifty-two week low of $218.87 and a fifty-two week high of $331.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.97 and a current ratio of 2.69.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Tuesday, February 17th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the company posted $2.17 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts expect that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Insider Buying and Selling at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $303.72, for a total value of $345,329.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.

Institutional Trading of Vulcan Materials

Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in Vulcan Materials during the 4th quarter worth approximately $497,000. NewEdge Advisors LLC boosted its stake in shares of Vulcan Materials by 3.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after purchasing an additional 163 shares during the last quarter. Empowered Funds LLC increased its position in shares of Vulcan Materials by 6.3% during the first quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock worth $745,000 after buying an additional 190 shares during the period. Focus Partners Wealth increased its position in shares of Vulcan Materials by 28.5% during the first quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock worth $775,000 after buying an additional 736 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Vulcan Materials by 31.5% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock worth $78,000 after buying an additional 80 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

About Vulcan Materials

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.