Vulcan Materials (NYSE:VMC) Price Target Lowered to $305.00 at Wells Fargo & Company

Vulcan Materials (NYSE:VMC) had its price objective lowered by analysts at Wells Fargo & Company from $310.00 to $305.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 5.83% from the company’s current price.

Several other research firms have also commented on VMC. Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research note on Thursday, April 30th. Zacks Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup cut their target price on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, Oppenheimer began coverage on Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating for the company. Seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $326.15.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock traded down $11.70 on Wednesday, hitting $288.20. The company’s stock had a trading volume of 77,937 shares, compared to its average volume of 1,202,136. The firm has a fifty day moving average price of $286.88 and a 200-day moving average price of $291.04. The company has a market capitalization of $37.40 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05. Vulcan Materials has a 52-week low of $252.35 and a 52-week high of $331.09. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.Vulcan Materials’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. On average, equities research analysts expect that Vulcan Materials will post 9.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $292.29, for a total value of $646,545.48. Following the sale, the senior vice president directly owned 8,716 shares in the company, valued at approximately $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.65% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VMC. Burkett Financial Services LLC bought a new position in Vulcan Materials in the 2nd quarter worth approximately $25,000. NBT Bank N A NY acquired a new stake in Vulcan Materials in the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new stake in Vulcan Materials during the third quarter worth approximately $30,000. Birchwood Financial Partners Inc. acquired a new position in shares of Vulcan Materials in the 4th quarter worth $29,000. Finally, Meeder Asset Management Inc. increased its stake in Vulcan Materials by 71.7% in the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after purchasing an additional 43 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.