Vulcan Materials (NYSE:VMC) had its target price raised by research analysts at Morgan Stanley from $161.00 to $167.00 in a research note issued to investors on Tuesday, Price Targets.com reports. The brokerage presently has an "equal weight" rating on the construction company's stock. Morgan Stanley's price target indicates a potential upside of 0.46% from the stock's current price.
Several other analysts have also recently commented on the company. Truist boosted their price target on Vulcan Materials from $145.00 to $152.00 in a research report on Wednesday, November 18th. Stephens upgraded Vulcan Materials from an "equal weight" rating to an "overweight" rating in a report on Wednesday, January 6th. Raymond James assumed coverage on Vulcan Materials in a report on Wednesday, February 3rd. They issued a "market perform" rating for the company. Zacks Investment Research upgraded Vulcan Materials from a "sell" rating to a "hold" rating and set a $171.00 target price for the company in a report on Wednesday, February 17th. Finally, UBS Group began coverage on Vulcan Materials in a report on Tuesday, December 8th. They set a "neutral" rating and a $139.00 price target for the company. Fifteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Vulcan Materials has an average rating of "Hold" and a consensus target price of $143.77.
Shares of VMC traded up $4.25 during trading hours on Tuesday, hitting $166.24. 28,880 shares of the stock were exchanged, compared to its average volume of 764,224. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.12. Vulcan Materials has a 12-month low of $65.56 and a 12-month high of $168.24. The company has a market cap of $22.03 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 2.86 and a beta of 0.60. The stock's 50-day moving average price is $158.00 and its two-hundred day moving average price is $142.40.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Monday, February 15th. The construction company reported $1.07 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.99 by $0.08. Vulcan Materials had a return on equity of 10.97% and a net margin of 12.55%. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, research analysts expect that Vulcan Materials will post 4.58 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of VMC. First Trust Advisors LP increased its holdings in shares of Vulcan Materials by 64.2% in the 1st quarter. First Trust Advisors LP now owns 34,452 shares of the construction company's stock valued at $4,079,000 after acquiring an additional 13,476 shares during the last quarter. Standard Life Aberdeen plc increased its holdings in shares of Vulcan Materials by 13.4% in the 3rd quarter. Standard Life Aberdeen plc now owns 60,739 shares of the construction company's stock valued at $8,233,000 after acquiring an additional 7,171 shares during the last quarter. NEXT Financial Group Inc purchased a new position in shares of Vulcan Materials in the 3rd quarter valued at about $30,000. Buffington Mohr McNeal increased its holdings in shares of Vulcan Materials by 158.8% in the 3rd quarter. Buffington Mohr McNeal now owns 7,245 shares of the construction company's stock valued at $982,000 after acquiring an additional 4,445 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Vulcan Materials in the 3rd quarter valued at about $1,900,000. 89.82% of the stock is currently owned by institutional investors.
Vulcan Materials Company Profile
Vulcan Materials Company produces and supplies construction materials primarily in the United States. The company 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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