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

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

VMC has been the subject of a number of analyst reports. StockNews.com upgraded shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Truist Financial raised their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Citigroup cut their price target on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. 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 report on Wednesday, November 27th. Finally, Barclays upped their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th.

Vulcan Materials Trading Up 0.4 %

Vulcan Materials stock traded up $1.11 during mid-day trading on Friday, hitting $270.28. 668,205 shares of the company's stock were exchanged, compared to its average volume of 601,795. The company's 50 day simple moving average is $272.63 and its 200-day simple moving average is $258.96. Vulcan Materials has a fifty-two week low of $219.73 and a fifty-two week high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $35.69 billion, a P/E ratio of 42.63, a PEG ratio of 1.97 and a beta of 0.83.

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

Institutional Investors Weigh In On Vulcan Materials

Several hedge funds have recently bought and sold shares of VMC. Principal Financial Group Inc. grew its position in shares of Vulcan Materials by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock valued at $1,332,431,000 after acquiring an additional 884,580 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Vulcan Materials by 18.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company's stock worth $533,551,000 after buying an additional 330,433 shares during the period. Ceredex Value Advisors LLC grew its stake in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Vulcan Materials by 32.0% during 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 worth $184,353,000 after acquiring an additional 178,634 shares during the last quarter. Finally, Artemis Investment Management LLP raised its position in Vulcan Materials by 67.9% during the 4th quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company's stock worth $103,434,000 after buying an additional 162,567 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

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.