Vulcan Materials Company (VMC) – What Are Investment Firms Thinking About This Stock?

Shares of Vulcan Materials Company (NYSE:VMC) have been assigned an average rating of “Hold” from the seventeen ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $313.43.

Several equities research analysts have commented on the company. Truist Financial cut their price objective on Vulcan Materials from $360.00 to $320.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Wells Fargo & Company reduced their target price on Vulcan Materials from $254.00 to $249.00 and set an “underweight” rating for the company in a report on Monday, October 5th. Wall Street Zen downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. UBS Group lowered their price target on Vulcan Materials from $349.00 to $326.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Citigroup lowered their price target on Vulcan Materials from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd.

Insider Buying and Selling at Vulcan Materials

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

Institutional Investors Weigh In On Vulcan Materials

A number of hedge funds have recently modified their holdings of the business. Burkett Financial Services LLC acquired a new position in Vulcan Materials during the second quarter worth about $25,000. Meeder Asset Management Inc. grew its stake in Vulcan Materials by 71.7% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock valued at $28,000 after acquiring an additional 43 shares in the last quarter. Reflection Asset Management purchased a new stake in Vulcan Materials during the 4th quarter valued at about $37,000. Clearstead Trust LLC acquired a new stake in Vulcan Materials in the 2nd quarter valued at about $37,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Vulcan Materials in the 2nd quarter valued at about $51,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Down 0.7%

VMC opened at $244.58 on Tuesday. Vulcan Materials has a twelve month low of $237.03 and a twelve month high of $331.09. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $261.56 and a 200 day moving average price of $276.99. The company has a market cap of $31.69 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05.

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, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the company posted $2.42 EPS. Vulcan Materials’s quarterly revenue was up 2.5% compared to the same quarter last year. Sell-side analysts expect that Vulcan Materials will post 9.10 earnings per share for the current fiscal year.

About Vulcan Materials

Vulcan Materials Company (NYSE:VMC) is a major producer and supplier of construction materials in the United States. The company primarily produces and distributes construction aggregates, including crushed stone, sand and gravel, which are used in infrastructure, commercial, residential and industrial projects.

In addition to aggregates, Vulcan produces asphalt mix and ready-mixed concrete and provides related construction-material services. Its products support highways, bridges, airports, buildings and other essential infrastructure.