Vulcan Materials (NYSE:VMC) Raised to "Hold" at Wall Street Zen

Vulcan Materials (NYSE:VMC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other brokerages have also issued reports on VMC. DA Davidson assumed coverage on shares of Vulcan Materials in a report on Tuesday. They issued a "buy" rating and a $330.00 price target for the company. Citigroup dropped their price objective on Vulcan Materials from $355.00 to $350.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Wells Fargo & Company reduced their target price on Vulcan Materials from $310.00 to $305.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. Raymond James Financial reissued an "outperform" rating on shares of Vulcan Materials in a research note on Wednesday, July 15th. Finally, Oppenheimer started coverage on Vulcan Materials in a report on Thursday, May 28th. They issued a "market perform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $328.64.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $275.11 on Friday. The business's 50-day simple moving average is $286.74 and its 200 day simple moving average is $286.28. The stock has a market cap of $35.65 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 1.97 and a beta of 1.06. Vulcan Materials has a 12-month low of $252.35 and a 12-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.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its earnings results on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the business earned $2.42 EPS. The business's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Vulcan Materials will post 9.29 earnings per share for the current year.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the firm's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the transaction, the senior vice president owned 8,716 shares of the company's stock, valued at approximately $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.65% of the stock is owned by corporate insiders.

Institutional Trading of Vulcan Materials

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Vulcan Materials in the 4th quarter valued at about $497,000. NewEdge Advisors LLC grew its holdings in Vulcan Materials by 3.9% during the first quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company's stock worth $1,017,000 after purchasing an additional 163 shares during the period. Empowered Funds LLC grew its holdings in Vulcan Materials by 6.3% during the first quarter. Empowered Funds LLC now owns 3,195 shares of the construction company's stock worth $745,000 after purchasing an additional 190 shares during the period. Focus Partners Wealth grew its holdings in Vulcan Materials by 28.5% during the first quarter. Focus Partners Wealth now owns 3,321 shares of the construction company's stock worth $775,000 after purchasing an additional 736 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Vulcan Materials by 31.5% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company's stock worth $78,000 after buying an additional 80 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Company Profile

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.

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