Truist Financial Increases Vulcan Materials (NYSE:VMC) Price Target to $320.00

Vulcan Materials (NYSE:VMC - Get Free Report) had its price objective increased by research analysts at Truist Financial from $300.00 to $320.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Truist Financial's price objective indicates a potential upside of 20.23% from the company's current price.

Several other research firms have also recently weighed in on VMC. Stifel Nicolaus raised their target price on shares of Vulcan Materials from $260.00 to $279.00 and gave the company a "buy" rating in a research note on Tuesday, December 19th. The Goldman Sachs Group raised their target price on shares of Vulcan Materials from $264.00 to $292.00 and gave the company a "buy" rating in a research note on Tuesday, February 20th. Morgan Stanley initiated coverage on shares of Vulcan Materials in a research note on Monday, January 8th. They issued an "equal weight" rating and a $208.00 price objective for the company. Wolfe Research cut shares of Vulcan Materials from an "outperform" rating to a "peer perform" rating in a research note on Friday, March 8th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $264.08.

Vulcan Materials Price Performance

Shares of NYSE VMC traded down $3.54 during midday trading on Tuesday, reaching $266.15. The stock had a trading volume of 888,410 shares, compared to its average volume of 826,603. The company has a market capitalization of $35.20 billion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 1.99 and a beta of 0.83. The stock has a 50-day moving average of $254.02 and a 200-day moving average of $227.62. Vulcan Materials has a 12-month low of $162.00 and a 12-month high of $276.58. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.39 and a current ratio of 3.17.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.06. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.84 billion. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. Vulcan Materials's quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $1.08 earnings per share. As a group, research analysts anticipate that Vulcan Materials will post 8.37 EPS for the current fiscal year.

Insider Transactions at Vulcan Materials

In related news, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares in the company, valued at approximately $1,453,844.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares in the company, valued at approximately $1,453,844.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Melissa H. Anderson sold 1,200 shares of Vulcan Materials stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $260.48, for a total transaction of $312,576.00. Following the sale, the director now owns 330 shares of the company's stock, valued at approximately $85,958.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,017 shares of company stock worth $3,344,741. 0.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vulcan Materials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. bought a new stake in shares of Vulcan Materials in the 4th quarter valued at about $7,346,000. HighPoint Advisor Group LLC bought a new stake in shares of Vulcan Materials in the 4th quarter valued at about $422,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Vulcan Materials in the 4th quarter valued at about $2,555,000. Vanguard Group Inc. raised its holdings in shares of Vulcan Materials by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 15,249,701 shares of the construction company's stock valued at $3,461,835,000 after purchasing an additional 105,230 shares in the last quarter. Finally, Wahed Invest LLC raised its holdings in shares of Vulcan Materials by 6.9% in the 4th quarter. Wahed Invest LLC now owns 2,259 shares of the construction company's stock valued at $513,000 after purchasing an additional 146 shares in the last quarter. 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.