Vulcan Materials (NYSE:VMC) PT Lowered to $280.00

Vulcan Materials (NYSE:VMC) had its target price dropped by equities research analysts at Stephens from $300.00 to $280.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Stephens’ price objective suggests a potential upside of 12.57% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Citigroup dropped their price objective on shares of Vulcan Materials from $322.00 to $297.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Jefferies Financial Group upped their target price on shares of Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Loop Capital lowered their target price on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Truist Financial lowered their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada lowered their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $275.18.

Vulcan Materials Stock Up 3.1 %

Shares of VMC stock traded up $7.52 on Thursday, hitting $248.74. The company’s stock had a trading volume of 456,886 shares, compared to its average volume of 793,370. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.81. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $278.79. The firm’s fifty day moving average price is $252.56 and its 200-day moving average price is $255.77. The stock has a market capitalization of $32.90 billion, a price-to-earnings ratio of 36.31, a P/E/G ratio of 2.05 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, August 6th. The construction company reported $2.35 EPS for the quarter, missing the consensus estimate of $2.47 by ($0.12). The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.29 EPS. Research analysts anticipate that Vulcan Materials will post 8.32 EPS for the current year.

Insider Buying and Selling

In related news, SVP David P. Clement sold 1,000 shares of Vulcan Materials stock in a transaction on Monday, June 10th. The shares were sold at an average price of $249.50, for a total value of $249,500.00. Following the sale, the senior vice president now owns 1,660 shares in the company, valued at $414,170. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP David P. Clement sold 1,000 shares of Vulcan Materials stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $249.50, for a total value of $249,500.00. Following the completion of the transaction, the senior vice president now owns 1,660 shares of the company’s stock, valued at approximately $414,170. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Thompson S. Baker II sold 8,600 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $272.95, for a total value of $2,347,370.00. Following the completion of the transaction, the president now directly owns 1,300 shares of the company’s stock, valued at approximately $354,835. The disclosure for this sale can be found here. Insiders have sold a total of 17,210 shares of company stock valued at $4,653,520 over the last three months. 0.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vulcan Materials

Several hedge funds have recently added to or reduced their stakes in VMC. International Assets Investment Management LLC raised its holdings in shares of Vulcan Materials by 17,706.3% in the fourth quarter. International Assets Investment Management LLC now owns 47,899 shares of the construction company’s stock worth $10,874,000 after buying an additional 47,630 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its position in shares of Vulcan Materials by 26.5% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 1,286 shares of the construction company’s stock valued at $292,000 after acquiring an additional 269 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Vulcan Materials by 2.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,325 shares of the construction company’s stock worth $755,000 after buying an additional 77 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Vulcan Materials by 9.8% during the fourth quarter. Bleakley Financial Group LLC now owns 1,574 shares of the construction company’s stock worth $357,000 after buying an additional 140 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in Vulcan Materials by 108.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,280 shares of the construction company’s stock worth $518,000 after purchasing an additional 1,185 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.