Vulcan Materials (NYSE:VMC) Upgraded at StockNews.com

Vulcan Materials (NYSE:VMC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

Several other brokerages also recently issued reports on VMC. Truist Financial raised their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday. Barclays raised their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday. Royal Bank of Canada lowered their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Stephens cut their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Citigroup decreased their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $274.75.

Vulcan Materials Stock Down 1.3 %

VMC stock traded down $3.54 during midday trading on Friday, hitting $270.39. 984,352 shares of the company’s stock were exchanged, compared to its average volume of 837,159. The stock has a market capitalization of $35.71 billion, a price-to-earnings ratio of 42.65, a price-to-earnings-growth ratio of 2.60 and a beta of 0.82. The company has a current ratio of 2.86, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average price of $247.70 and a 200-day moving average price of $252.24. Vulcan Materials has a 12-month low of $206.02 and a 12-month high of $279.47.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 earnings per share. On average, analysts anticipate that Vulcan Materials will post 7.39 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VMC. SouthState Corp increased its stake in shares of Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after buying an additional 87 shares in the last quarter. Kings Path Partners LLC acquired a new position in shares of Vulcan Materials during the second quarter worth approximately $27,000. UMB Bank n.a. grew its stake in shares of Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after purchasing an additional 47 shares during the last quarter. Concord Wealth Partners acquired a new stake in shares of Vulcan Materials in the third quarter valued at approximately $35,000. Finally, Manchester Capital Management LLC lifted its holdings in Vulcan Materials by 1,218.2% during the 1st quarter. Manchester Capital Management LLC now owns 145 shares of the construction company’s stock worth $40,000 after buying an additional 134 shares in 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.