Analysts Set Vulcan Materials (NYSE:VMC) PT at $248.85

Shares of Vulcan Materials (NYSE:VMCGet Free Report) have been given a consensus rating of “Moderate Buy” by the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $248.85.

A number of research firms have recently issued reports on VMC. Royal Bank of Canada cut shares of Vulcan Materials from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $235.00 to $236.00 in a research report on Friday, January 12th. Seaport Res Ptn raised shares of Vulcan Materials from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 24th. JPMorgan Chase & Co. raised shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $240.00 to $245.00 in a research report on Tuesday, December 12th. Morgan Stanley began coverage on shares of Vulcan Materials in a research report on Monday, January 8th. They set an “equal weight” rating and a $208.00 price objective on the stock. Finally, Raymond James increased their price objective on shares of Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th.

View Our Latest Report on Vulcan Materials

Vulcan Materials Stock Performance

Shares of VMC stock opened at $231.64 on Friday. The company has a quick ratio of 2.47, a current ratio of 3.13 and a debt-to-equity ratio of 0.52. Vulcan Materials has a 52 week low of $159.76 and a 52 week high of $235.43. The firm has a 50 day moving average of $223.00 and a 200-day moving average of $216.10. The company has a market cap of $30.78 billion, a price-to-earnings ratio of 37.54, a price-to-earnings-growth ratio of 1.30 and a beta of 0.81.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP Jerry F. Perkins, Jr. sold 4,575 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $209.64, for a total value of $959,103.00. Following the completion of the sale, the senior vice president now owns 6,839 shares in the company, valued at approximately $1,433,727.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Vulcan Materials news, SVP Jerry F. Perkins, Jr. sold 4,575 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $209.64, for a total value of $959,103.00. Following the completion of the sale, the senior vice president now owns 6,839 shares in the company, valued at approximately $1,433,727.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jerry F. Perkins, Jr. sold 788 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $210.69, for a total transaction of $166,023.72. Following the sale, the senior vice president now owns 6,051 shares of the company’s stock, valued at approximately $1,274,885.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,728 shares of company stock worth $1,641,060. Insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Vulcan Materials

Several large investors have recently modified their holdings of the stock. Hyman Charles D increased its stake in shares of Vulcan Materials by 0.9% during the 4th quarter. Hyman Charles D now owns 215,859 shares of the construction company’s stock worth $49,002,000 after purchasing an additional 1,831 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Vulcan Materials by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 781,805 shares of the construction company’s stock worth $177,478,000 after purchasing an additional 23,322 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Vulcan Materials during the 4th quarter worth approximately $233,000. Lincoln National Corp increased its stake in shares of Vulcan Materials by 4.7% during the 4th quarter. Lincoln National Corp now owns 1,867 shares of the construction company’s stock worth $424,000 after purchasing an additional 83 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Vulcan Materials by 9.9% during the 4th quarter. Private Advisor Group LLC now owns 4,503 shares of the construction company’s stock worth $1,022,000 after purchasing an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 90.10% of the company’s stock.

About Vulcan Materials

(Get Free Report

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 Aggregates segment 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.

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Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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