Vulcan Materials (NYSE:VMC) Stock Gets Price Target Trim from Stifel Nicolaus

Vulcan Materials (NYSE:VMC) had its price objective lowered by analysts at Stifel Nicolaus from $333.00 to $320.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus‘s target price points to a potential upside of 21.22% from the company’s previous close.

Several other brokerages have also recently commented on VMC. Citigroup decreased their price objective on shares of Vulcan Materials from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Raymond James Financial decreased their price objective on Vulcan Materials from $320.00 to $308.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Royal Bank Of Canada lowered their target price on Vulcan Materials from $300.00 to $256.00 and set a “sector perform” rating on the stock in a research note on Friday, October 9th. Truist Financial lowered their target price on Vulcan Materials from $360.00 to $320.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Finally, Wall Street Zen lowered Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $309.86.

Vulcan Materials Stock Up 0.6%

Vulcan Materials stock traded up $1.49 during midday trading on Wednesday, reaching $263.99. The company’s stock had a trading volume of 370,563 shares, compared to its average volume of 1,164,922. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The stock has a market capitalization of $34.21 billion, a P/E ratio of 31.16, a PEG ratio of 2.68 and a beta of 1.05. The stock’s 50-day simple moving average is $255.62 and its 200-day simple moving average is $280.87. Vulcan Materials has a 52-week low of $237.03 and a 52-week high of $331.09.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.42 earnings per share. On average, sell-side analysts expect that Vulcan Materials will post 8.96 EPS for the current year.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the transaction, the senior vice president directly owned 6,716 shares in the company, valued at approximately $1,914,731.60. This represents a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director J. Hill sold 14,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the transaction, the director directly owned 58,209 shares in the company, valued at approximately $16,075,579.53. The trade was a 19.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.65% of the stock is currently owned by insiders.

Institutional Trading of Vulcan Materials

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Vulcan Materials during the 2nd quarter worth about $2,868,444,000. Bank of America Corp DE acquired a new stake in Vulcan Materials in the 2nd quarter worth about $688,580,000. The Manufacturers Life Insurance Company acquired a new stake in Vulcan Materials in the 2nd quarter worth about $451,119,000. Dimensional Fund Advisors LP boosted its holdings in Vulcan Materials by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,346,422 shares of the construction company’s stock worth $366,592,000 after buying an additional 24,187 shares during the last quarter. Finally, Stockbridge Partners LLC purchased a new stake in Vulcan Materials during the 2nd quarter worth approximately $314,470,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a producer and distributor of construction materials used in infrastructure, commercial, residential and industrial projects. The company is the largest producer of construction aggregates in the United States, including crushed stone, sand and gravel.

In addition to aggregates, Vulcan Materials produces asphalt mix, ready-mixed concrete and cement. Its materials are used in roads, bridges, airports, commercial buildings, homes and other construction applications.