Vulcan Materials (NYSE:VMC) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Vulcan Materials (NYSE:VMC) had its price objective hoisted by stock analysts at Royal Bank of Canada from $269.00 to $286.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the construction company’s stock. Royal Bank of Canada’s price target indicates a potential upside of 7.34% from the stock’s previous close.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. UBS Group started coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price objective on the stock. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Raymond James cut their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Finally, Barclays upped their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $303.82.

Vulcan Materials Stock Down 2.3 %

NYSE VMC traded down $6.31 during trading on Wednesday, reaching $266.45. The company’s stock had a trading volume of 98,575 shares, compared to its average volume of 707,247. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $35.19 billion, a PE ratio of 42.00, a PEG ratio of 2.09 and a beta of 0.84. Vulcan Materials has a 1-year low of $225.36 and a 1-year high of $298.31. The business has a 50-day moving average price of $267.35 and a 200-day moving average price of $261.43.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.41. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. During the same quarter in the previous year, the business earned $1.46 EPS. On average, research analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vulcan Materials

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of Vulcan Materials in the third quarter valued at about $811,000. DAVENPORT & Co LLC raised its position in Vulcan Materials by 149.4% in the 4th quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company’s stock valued at $2,416,000 after buying an additional 5,627 shares during the last quarter. Smith Group Asset Management LLC acquired a new position in Vulcan Materials during the 4th quarter worth approximately $514,000. Campbell Newman Asset Management Inc. bought a new stake in Vulcan Materials during the 4th quarter worth about $15,719,000. Finally, Franklin Resources Inc. increased its position in shares of Vulcan Materials by 284.9% in the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock valued at $11,104,000 after acquiring an additional 33,051 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

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.