Vulcan Materials (NYSE:VMC) Price Target Lowered to $320.00 at Loop Capital

Vulcan Materials (NYSE:VMC - Get Free Report) had its price objective decreased by analysts at Loop Capital from $325.00 to $320.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. Loop Capital's price target points to a potential upside of 38.54% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley raised their price target on Vulcan Materials from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $290.00 to $285.00 in a research note on Wednesday, March 19th. Stifel Nicolaus initiated coverage on shares of Vulcan Materials in a research report on Tuesday, March 4th. They issued a "buy" rating and a $287.00 target price for the company. Raymond James cut their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating on the stock in a report on Thursday, January 16th. Finally, Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $305.58.

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Vulcan Materials Stock Down 2.6 %

NYSE:VMC traded down $6.20 on Tuesday, hitting $230.98. 2,850,857 shares of the company's stock traded hands, compared to its average volume of 889,526. The firm has a 50-day moving average price of $250.05 and a 200-day moving average price of $260.40. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The company has a market cap of $30.55 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. Equities analysts anticipate that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Institutional Trading of Vulcan Materials

Several hedge funds and other institutional investors have recently bought and sold shares of VMC. Geneos Wealth Management Inc. lifted its stake in shares of Vulcan Materials by 16.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company's stock valued at $65,000 after buying an additional 36 shares during the period. Quadrant Capital Group LLC raised its holdings in Vulcan Materials by 2.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company's stock valued at $461,000 after acquiring an additional 44 shares in the last quarter. Howard Capital Management Inc. lifted its position in shares of Vulcan Materials by 5.2% in the 4th quarter. Howard Capital Management Inc. now owns 906 shares of the construction company's stock worth $233,000 after acquiring an additional 45 shares during the period. Washington Trust Advisors Inc. grew its holdings in shares of Vulcan Materials by 30.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock worth $54,000 after purchasing an additional 48 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC increased its position in shares of Vulcan Materials by 4.3% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company's stock valued at $301,000 after purchasing an additional 48 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.