Analysts Set Vulcan Materials (NYSE:VMC) Price Target at $301.18

Vulcan Materials (NYSE:VMC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twelve ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $301.18.

A number of brokerages recently weighed in on VMC. 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 report on Monday, January 6th. Truist Financial upped their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. UBS Group assumed coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They issued a "buy" rating and a $349.00 target price for the company. Finally, Barclays upped their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th.

Institutional Trading of Vulcan Materials

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new position in Vulcan Materials in the 3rd quarter worth approximately $30,000. Concord Wealth Partners acquired a new position in Vulcan Materials in the 3rd quarter worth approximately $35,000. Washington Trust Advisors Inc. boosted its stake in Vulcan Materials by 240.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company's stock worth $40,000 after purchasing an additional 113 shares during the period. Capital Performance Advisors LLP acquired a new position in Vulcan Materials in the 3rd quarter worth approximately $42,000. Finally, Asset Dedication LLC boosted its stake in Vulcan Materials by 146.5% in the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company's stock worth $44,000 after purchasing an additional 104 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

Shares of NYSE:VMC traded down $0.90 during trading on Friday, reaching $274.64. 597,789 shares of the company's stock traded hands, compared to its average volume of 669,407. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. Vulcan Materials has a 12 month low of $219.73 and a 12 month high of $298.31. The company has a 50 day moving average of $271.94 and a 200-day moving average of $259.37. The stock has a market capitalization of $36.27 billion, a P/E ratio of 43.32, a price-to-earnings-growth ratio of 2.12 and a beta of 0.83.

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

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.