Raymond James Cuts Vulcan Materials (NYSE:VMC) Price Target to $295.00

Vulcan Materials (NYSE:VMC - Get Free Report) had its price target reduced by analysts at Raymond James from $298.00 to $295.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the construction company's stock. Raymond James' price target would indicate a potential upside of 9.15% from the stock's previous close.

Several other research firms have also recently weighed in on VMC. Stephens reiterated an "overweight" rating and set a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. UBS Group assumed coverage on Vulcan Materials in a report on Thursday, November 7th. They set a "buy" rating and a $349.00 price target for the company. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their target price on Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. Finally, Citigroup lowered their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $301.18.

Vulcan Materials Trading Up 0.4 %

Shares of NYSE VMC traded up $1.11 during trading on Thursday, reaching $270.28. The company had a trading volume of 668,205 shares, compared to its average volume of 655,173. The stock has a market cap of $35.69 billion, a P/E ratio of 42.63, a PEG ratio of 1.97 and a beta of 0.83. The company's fifty day moving average price is $272.63 and its 200-day moving average price is $258.76. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 12 month low of $219.73 and a 12 month high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company earned $2.29 earnings per share. The business's revenue was down 8.3% on a year-over-year basis. As a group, research analysts expect that Vulcan Materials will post 7.16 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in shares of Vulcan Materials by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock worth $1,332,431,000 after acquiring an additional 884,580 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Vulcan Materials by 18.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company's stock worth $533,551,000 after purchasing an additional 330,433 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in shares of Vulcan Materials by 136.3% in the third quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company's stock valued at $89,117,000 after purchasing an additional 205,260 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Vulcan Materials by 32.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company's stock valued at $184,353,000 after purchasing an additional 178,634 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its position in shares of Vulcan Materials by 67.9% during the fourth quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company's stock valued at $103,434,000 after buying an additional 162,567 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

About Vulcan Materials

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.