Stephens Boosts Vulcan Materials (NYSE:VMC) Price Target to $310.00

Vulcan Materials (NYSE:VMC) had its price objective upped by Stephens from $300.00 to $310.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Stephens’ target price indicates a potential upside of 17.23% from the stock’s current price.

VMC has been the subject of several other research reports. Citigroup increased their target price on shares of Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Wolfe Research lowered Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. The Goldman Sachs Group upped their target price on Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Truist Financial lifted their price target on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Morgan Stanley began 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 for the company. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price of $277.08.

Vulcan Materials Stock Up 0.0 %

NYSE VMC traded up $0.03 during trading on Friday, reaching $264.44. The company’s stock had a trading volume of 786,038 shares, compared to its average volume of 791,547. The company has a current ratio of 3.17, a quick ratio of 2.39 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $34.98 billion, a PE ratio of 37.89, a PEG ratio of 1.95 and a beta of 0.83. Vulcan Materials has a 1-year low of $187.20 and a 1-year high of $276.58. The business has a 50-day moving average price of $265.38 and a 200-day moving average price of $236.10.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.50 billion. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.95 EPS. On average, research analysts forecast that Vulcan Materials will post 8.45 earnings per share for the current fiscal year.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $260.48, for a total value of $312,576.00. Following the sale, the director now owns 330 shares in the company, valued at approximately $85,958.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the transaction, the senior vice president now directly owns 5,395 shares in the company, valued at approximately $1,453,844.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Melissa H. Anderson sold 1,200 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $260.48, for a total value of $312,576.00. Following the completion of the sale, the director now owns 330 shares in the company, valued at approximately $85,958.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,017 shares of company stock worth $3,344,741. 0.62% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vulcan Materials

Hedge funds have recently bought and sold shares of the stock. Register Financial Advisors LLC acquired a new stake in Vulcan Materials in the 1st quarter worth about $27,000. Opal Wealth Advisors LLC bought a new stake in shares of Vulcan Materials in the first quarter valued at approximately $33,000. Exchange Traded Concepts LLC acquired a new stake in Vulcan Materials during the fourth quarter worth approximately $28,000. YHB Investment Advisors Inc. bought a new position in Vulcan Materials during the 1st quarter worth $34,000. Finally, Concord Wealth Partners acquired a new position in Vulcan Materials in the 1st quarter valued at $34,000. 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.