Vulcan Materials (NYSE:VMC) had its target price lifted by equities researchers at Bank of America from $129.00 to $139.00 in a research report issued to clients and investors on Monday. The brokerage presently has a “neutral” rating on the construction company’s stock. Bank of America’s price objective suggests a potential upside of 6.82% from the stock’s previous close.
Several other research firms have also recently commented on VMC. Citigroup boosted their price target on Vulcan Materials from $144.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Sunday, January 21st. Jefferies Group restated a “hold” rating and set a $135.00 price objective on shares of Vulcan Materials in a research note on Wednesday, January 17th. Stephens restated a “buy” rating and set a $158.00 price objective on shares of Vulcan Materials in a research note on Wednesday, January 3rd. Finally, Barclays began coverage on Vulcan Materials in a research note on Tuesday, December 12th. They set an “overweight” rating and a $135.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $146.13.
Vulcan Materials (VMC) traded down $0.88 during trading hours on Monday, hitting $130.12. The company had a trading volume of 247,930 shares, compared to its average volume of 1,395,647. 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 fifty-two week low of $108.95 and a fifty-two week high of $141.20. The firm has a market capitalization of $17,329.27, a PE ratio of 45.74, a price-to-earnings-growth ratio of 1.92 and a beta of 0.84.
A number of hedge funds have recently modified their holdings of VMC. Thrivent Financial For Lutherans grew its holdings in Vulcan Materials by 2.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,000 shares of the construction company’s stock worth $633,000 after buying an additional 120 shares in the last quarter. Nordea Investment Management AB grew its holdings in Vulcan Materials by 3.7% in the 2nd quarter. Nordea Investment Management AB now owns 4,988 shares of the construction company’s stock worth $632,000 after buying an additional 176 shares in the last quarter. QS Investors LLC grew its holdings in Vulcan Materials by 16.7% in the 2nd quarter. QS Investors LLC now owns 5,985 shares of the construction company’s stock worth $758,000 after buying an additional 857 shares in the last quarter. Sciencast Management LP bought a new position in Vulcan Materials in the 2nd quarter worth approximately $279,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Vulcan Materials by 10.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 148,213 shares of the construction company’s stock worth $18,776,000 after buying an additional 14,593 shares in the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Vulcan Materials (VMC) PT Raised to $139.00 at Bank of America” was first reported by American Banking and Market News and is owned by of American Banking and Market News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/05/vulcan-materials-vmc-pt-raised-to-139-00-at-bank-of-america.html.
Vulcan Materials Company Profile
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).
