Vulcan Materials Company (NYSE:VMC) Receives $319.92 Average Price Target from Analysts

Vulcan Materials Company (NYSE:VMC) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $320.3846.

VMC has been the topic of several recent research reports. Stifel Nicolaus set a $327.00 target price on Vulcan Materials in a report on Monday, November 3rd. Royal Bank Of Canada cut their price objective on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. B. Riley started coverage on Vulcan Materials in a report on Thursday, January 15th. They set a “buy” rating and a $345.00 price target on the stock. Finally, DA Davidson restated a “neutral” rating and issued a $330.00 price objective on shares of Vulcan Materials in a research note on Wednesday, January 14th.

Vulcan Materials Stock Performance

Shares of VMC opened at $306.22 on Thursday. The company’s fifty day moving average is $296.47 and its 200-day moving average is $292.62. Vulcan Materials has a 12 month low of $215.08 and a 12 month high of $313.37. The firm has a market cap of $40.46 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06. The company has a quick ratio of 1.56, a current ratio of 2.23 and a debt-to-equity ratio of 0.50.

Insiders Place Their Bets

In other news, President Thompson S. Baker II sold 7,135 shares of Vulcan Materials stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $300.81, for a total value of $2,146,279.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David P. Clement sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total value of $577,100.00. Following the sale, the senior vice president owned 832 shares of the company’s stock, valued at approximately $240,073.60. The trade was a 70.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 14,653 shares of company stock valued at $4,354,247 in the last quarter. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Composition Wealth LLC grew its stake in shares of Vulcan Materials by 3.5% in the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after acquiring an additional 34 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in Vulcan Materials by 6.2% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock valued at $169,000 after purchasing an additional 38 shares during the period. Fulton Bank N.A. boosted its holdings in Vulcan Materials by 4.1% in the 3rd quarter. Fulton Bank N.A. now owns 960 shares of the construction company’s stock valued at $295,000 after purchasing an additional 38 shares during the period. Harfst & Associates Inc. grew its position in Vulcan Materials by 0.6% in the 3rd quarter. Harfst & Associates Inc. now owns 6,416 shares of the construction company’s stock worth $1,974,000 after purchasing an additional 38 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its holdings in shares of Vulcan Materials by 5.5% during the 4th quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock worth $206,000 after purchasing an additional 38 shares during the period. 90.39% of the stock is owned by institutional investors.

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.