Vulcan Materials (NYSE:VMC) PT Raised to $319.00

Vulcan Materials (NYSE:VMC) had its target price boosted by analysts at Jefferies Financial Group from $298.00 to $319.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 23.53% from the stock’s current price.

Several other research analysts have also recently issued reports on VMC. Royal Bank of Canada raised their price objective on Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 20th. Morgan Stanley initiated coverage on shares of Vulcan Materials in a research note on Monday, January 8th. They issued an “equal weight” rating and a $208.00 price objective on the stock. Wolfe Research lowered shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Raymond James boosted their price objective on Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $270.00 price target (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $273.00.

Vulcan Materials Stock Down 0.0 %

Shares of Vulcan Materials stock traded down $0.03 on Thursday, reaching $258.23. The stock had a trading volume of 98,033 shares, compared to its average volume of 785,187. Vulcan Materials has a 1 year low of $166.43 and a 1 year high of $276.58. The company has a 50 day moving average price of $262.80 and a 200 day moving average price of $232.44. The company has a quick ratio of 2.39, a current ratio of 3.17 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $34.16 billion, a P/E ratio of 37.08, a P/E/G ratio of 1.88 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last released its earnings results on Friday, February 16th. The construction company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.06. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the business earned $1.08 EPS. Vulcan Materials’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts forecast that Vulcan Materials will post 8.43 EPS for the current year.

Insiders Place Their Bets

In other news, VP Randy L. Pigg sold 307 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the completion of the sale, the vice president now directly owns 1,896 shares in the company, valued at $483,991.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Stanley G. Bass sold 8,310 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the sale, the insider now owns 29,311 shares of the company’s stock, valued at approximately $7,376,992.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Randy L. Pigg sold 307 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the completion of the transaction, the vice president now owns 1,896 shares of the company’s stock, valued at $483,991.92. The disclosure for this sale can be found here. Insiders have sold a total of 13,017 shares of company stock valued at $3,344,741 in the last 90 days. 0.62% of the stock is owned by insiders.

Hedge Funds Weigh In On Vulcan Materials

Several large investors have recently modified their holdings of the business. Pinnacle Bancorp Inc. acquired a new stake in shares of Vulcan Materials during the third quarter valued at about $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Vulcan Materials in the 3rd quarter valued at about $27,000. Register Financial Advisors LLC acquired a new stake in shares of Vulcan Materials during the first quarter worth about $27,000. Exchange Traded Concepts LLC purchased a new position in shares of Vulcan Materials in the fourth quarter valued at approximately $28,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of Vulcan Materials in the first quarter valued at approximately $29,000. Institutional investors and hedge funds 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.