Vulcan Materials (NYSE:VMC) Receives $198.36 Consensus Target Price from Analysts

Shares of Vulcan Materials (NYSE:VMCGet Rating) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $198.36.

A number of brokerages recently weighed in on VMC. Citigroup raised their price target on shares of Vulcan Materials from $194.00 to $211.00 in a research note on Tuesday, January 10th. Stifel Nicolaus raised their price target on shares of Vulcan Materials from $215.00 to $227.00 and gave the company a “buy” rating in a research note on Monday, December 19th. JPMorgan Chase & Co. raised shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and raised their price target for the company from $185.00 to $200.00 in a research note on Thursday, December 8th. Morgan Stanley cut their price objective on shares of Vulcan Materials from $203.00 to $199.00 and set an “equal weight” rating for the company in a report on Friday, January 20th. Finally, Royal Bank of Canada upgraded shares of Vulcan Materials from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $170.00 to $191.00 in a report on Friday, January 13th.

Vulcan Materials Trading Down 0.6 %

VMC stock opened at $178.30 on Wednesday. The company’s 50-day simple moving average is $179.28 and its 200-day simple moving average is $169.10. The company has a quick ratio of 1.31, a current ratio of 1.71 and a debt-to-equity ratio of 0.56. Vulcan Materials has a 52-week low of $137.54 and a 52-week high of $193.31. The firm has a market cap of $23.70 billion, a P/E ratio of 40.07, a PEG ratio of 1.89 and a beta of 0.79.

Vulcan Materials (NYSE:VMCGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The construction company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2 billion. Vulcan Materials had a net margin of 8.26% and a return on equity of 10.56%. As a group, equities analysts forecast that Vulcan Materials will post 5.34 EPS for the current fiscal year.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $180.00, for a total transaction of $360,000.00. Following the completion of the sale, the senior vice president now owns 1,970 shares in the company, valued at approximately $354,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Vulcan Materials

Hedge funds have recently made changes to their positions in the stock. Achmea Investment Management B.V. purchased a new position in shares of Vulcan Materials during the 1st quarter worth approximately $29,000. CI Investments Inc. boosted its position in shares of Vulcan Materials by 956.3% during the 3rd quarter. CI Investments Inc. now owns 169 shares of the construction company’s stock worth $27,000 after purchasing an additional 153 shares during the period. General Partner Inc. purchased a new position in shares of Vulcan Materials during the 4th quarter worth approximately $30,000. HBC Financial Services PLLC purchased a new position in shares of Vulcan Materials during the 4th quarter worth approximately $30,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Vulcan Materials by 302.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 181 shares of the construction company’s stock worth $32,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 90.08% of the company’s stock.

About Vulcan Materials

(Get Rating)

Vulcan Materials Co engages in the provision of basic materials and supply for the infrastructure and construction industries. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.

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Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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