Vulcan Materials (NYSE:VMC - Get Free Report) had its price objective increased by investment analysts at Raymond James Financial from $295.00 to $325.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the construction company's stock. Raymond James Financial's price target indicates a potential upside of 9.58% from the stock's previous close.
VMC has been the subject of several other research reports. Royal Bank Of Canada reduced their price objective on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Wells Fargo & Company raised Vulcan Materials to a "hold" rating in a report on Wednesday, October 8th. Barclays raised their target price on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an "overweight" rating in a research note on Monday. JPMorgan Chase & Co. boosted their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Vulcan Materials in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Vulcan Materials has an average rating of "Moderate Buy" and a consensus price target of $313.17.
View Our Latest Research Report on VMC
Vulcan Materials Stock Up 0.4%
Shares of NYSE:VMC traded up $1.12 during trading on Tuesday, reaching $296.59. 338,046 shares of the stock were exchanged, compared to its average volume of 981,544. Vulcan Materials has a 1-year low of $215.08 and a 1-year high of $311.74. The stock has a fifty day moving average of $296.33 and a two-hundred day moving average of $274.06. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The firm has a market cap of $39.18 billion, a price-to-earnings ratio of 41.45, a price-to-earnings-growth ratio of 2.41 and a beta of 0.92.
Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.20). The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.35 EPS. Research analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.
Insider Activity
In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the sale, the senior vice president owned 2,832 shares in the company, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.
Hedge Funds Weigh In On Vulcan Materials
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter worth $497,000. GAMMA Investing LLC boosted its stake in Vulcan Materials by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company's stock worth $398,000 after purchasing an additional 365 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Vulcan Materials by 42.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company's stock valued at $3,686,000 after purchasing an additional 4,678 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Vulcan Materials by 23.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 17,369 shares of the construction company's stock valued at $4,052,000 after purchasing an additional 3,315 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Vulcan Materials by 10.6% in the first quarter. Oppenheimer & Co. Inc. now owns 1,456 shares of the construction company's stock worth $340,000 after buying an additional 139 shares in the last quarter. Institutional investors own 90.39% of the company's stock.
Vulcan Materials Company Profile
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Get Free Report)
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.
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