Vulcan Materials (NYSE:VMC) PT Lowered to $285.00

Vulcan Materials (NYSE:VMC) had its price target reduced by equities researchers at Loop Capital from $305.00 to $285.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Loop Capital’s price objective would indicate a potential upside of 16.84% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $270.00 price target (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Truist Financial increased their target price on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Wolfe Research downgraded shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Jefferies Financial Group upped their price target on shares of Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Royal Bank of Canada lifted their price objective on Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $279.00.

Vulcan Materials Stock Down 0.5 %

Shares of NYSE:VMC opened at $243.92 on Wednesday. The firm has a market capitalization of $32.26 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 1.83 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 2.74. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $276.58. The firm has a fifty day moving average of $256.07 and a 200 day moving average of $250.24.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. Vulcan Materials’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. As a group, research analysts anticipate that Vulcan Materials will post 8.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, President Thompson S. Baker II sold 8,600 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $272.95, for a total value of $2,347,370.00. Following the completion of the sale, the president now owns 1,300 shares of the company’s stock, valued at $354,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President Thompson S. Baker II sold 8,600 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the transaction, the president now owns 1,300 shares in the company, valued at $354,835. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David P. Clement sold 1,000 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the transaction, the senior vice president now directly owns 1,660 shares of the company’s stock, valued at $414,170. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,210 shares of company stock worth $4,653,520. 0.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Register Financial Advisors LLC purchased a new stake in Vulcan Materials in the first quarter worth about $27,000. Exchange Traded Concepts LLC purchased a new stake in shares of Vulcan Materials in the 4th quarter worth approximately $28,000. Opal Wealth Advisors LLC purchased a new stake in shares of Vulcan Materials in the 1st quarter worth approximately $33,000. YHB Investment Advisors Inc. bought a new position in Vulcan Materials during the 1st quarter valued at approximately $34,000. Finally, Concord Wealth Partners purchased a new position in Vulcan Materials during the first quarter valued at $34,000. Hedge funds and other 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.