Vulcan Materials (NYSE:VMC) Price Target Raised to $310.00

Vulcan Materials (NYSE:VMC) had its price target raised by equities research analysts at Wells Fargo & Company from $305.00 to $310.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 4.28% from the company’s previous close.

Several other equities analysts also recently commented on the company. B. Riley Financial started coverage on Vulcan Materials in a research report on Thursday, January 15th. They issued a “buy” rating and a $345.00 price objective on the stock. Truist Financial upped their price objective on Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. DA Davidson cut their price objective on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Zacks Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Stifel Nicolaus set a $333.00 price objective on Vulcan Materials in a research report on Thursday. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $330.38.

Vulcan Materials Stock Down 1.5%

VMC stock traded down $4.46 during midday trading on Friday, hitting $297.28. The stock had a trading volume of 146,319 shares, compared to its average volume of 1,201,854. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.97. The business has a 50-day moving average of $284.44 and a two-hundred day moving average of $293.02. Vulcan Materials has a 52-week low of $252.35 and a 52-week high of $331.09. The firm has a market cap of $38.78 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. Vulcan Materials’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities research analysts forecast that Vulcan Materials will post 9.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,137 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $303.72, for a total value of $345,329.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VMC. Westside Investment Management Inc. boosted its position in Vulcan Materials by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock worth $25,000 after purchasing an additional 42 shares during the period. NBT Bank N A NY acquired a new stake in shares of Vulcan Materials during the fourth quarter valued at about $26,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Vulcan Materials during the third quarter valued at about $29,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Vulcan Materials during the fourth quarter valued at about $29,000. Finally, Godsey & Gibb Inc. acquired a new stake in shares of Vulcan Materials during the fourth quarter valued at about $30,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Company Profile

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.