Vulcan Materials (NYSE:VMC) Price Target Cut to $295.00 by Analysts at Raymond James

Vulcan Materials (NYSE:VMC - Get Free Report) had its price target cut by Raymond James from $300.00 to $295.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the construction company's stock. Raymond James' target price suggests a potential upside of 10.35% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada increased their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. upgraded Vulcan Materials from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, March 19th. Argus upgraded Vulcan Materials to a "strong-buy" rating in a research note on Thursday, April 24th. UBS Group lowered shares of Vulcan Materials from a "buy" rating to a "neutral" rating and lowered their target price for the company from $343.00 to $258.00 in a research note on Monday, April 7th. Finally, Morgan Stanley lowered their price objective on shares of Vulcan Materials from $300.00 to $273.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Vulcan Materials presently has a consensus rating of "Moderate Buy" and an average price target of $295.64.

Vulcan Materials Stock Up 1.4 %

VMC traded up $3.69 on Tuesday, reaching $267.32. The company's stock had a trading volume of 1,010,739 shares, compared to its average volume of 935,390. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31. The business's 50 day moving average is $239.03 and its 200 day moving average is $259.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The stock has a market cap of $35.36 billion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.80 by $0.20. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. As a group, research analysts forecast that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Vulcan Materials

A number of institutional investors and hedge funds have recently bought and sold shares of VMC. Virtu Financial LLC acquired a new position in shares of Vulcan Materials during the third quarter valued at approximately $811,000. DAVENPORT & Co LLC raised its stake in shares of Vulcan Materials by 149.4% in the 4th quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company's stock worth $2,416,000 after buying an additional 5,627 shares in the last quarter. Smith Group Asset Management LLC acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at $514,000. Campbell Newman Asset Management Inc. bought a new position in Vulcan Materials during the fourth quarter valued at about $15,719,000. Finally, Franklin Resources Inc. grew its holdings in Vulcan Materials by 284.9% during the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company's stock worth $11,104,000 after acquiring an additional 33,051 shares during the period. Institutional investors own 90.39% of the company's stock.

About Vulcan Materials

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.