Vulcan Materials (NYSE:VMC) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Vulcan Materials from sell to hold, adding to a mixed but generally positive analyst backdrop.
• The stock currently carries an average analyst rating of Moderate Buy with a $329.62 average target price, while recent calls from firms like Truist and Wells Fargo have varied between buy and equal-weight views.
• Vulcan Materials reported better-than-expected Q1 results, with EPS of $1.35 versus the $1.10 estimate and revenue of $1.76 billion versus $1.64 billion expected, alongside 7.4% year-over-year revenue growth.

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

A number of other equities analysts have also weighed in on VMC. Truist Financial upped their target price on Vulcan Materials from $320.00 to $360.00 and gave the stock a "buy" rating in a research note on Thursday, February 19th. Raymond James Financial set a $325.00 target price on Vulcan Materials in a research note on Thursday, April 30th. Wells Fargo & Company increased their price objective on Vulcan Materials from $305.00 to $310.00 and gave the company an "equal weight" rating in a research report on Friday, May 1st. Morgan Stanley reduced their price objective on Vulcan Materials from $322.00 to $321.00 and set an "equal weight" rating on the stock in a research report on Monday, April 6th. Finally, Zacks Research upgraded Vulcan Materials from a "strong sell" rating to a "hold" rating in a research report on Thursday, April 9th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $329.62.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $283.73 on Friday. The firm has a market capitalization of $36.82 billion, a P/E ratio of 33.74, a P/E/G ratio of 2.10 and a beta of 1.09. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. The stock's 50-day simple moving average is $283.32 and its two-hundred day simple moving average is $292.70. Vulcan Materials has a twelve month low of $252.35 and a twelve month high of $331.09.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.25. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 EPS. As a group, equities analysts anticipate that Vulcan Materials will post 9.28 EPS for the current fiscal year.

Insider Activity at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.65% of the company's stock.

Hedge Funds Weigh In On Vulcan Materials

Institutional investors and hedge funds have recently bought and sold shares of the stock. Westside Investment Management Inc. grew its position in Vulcan Materials by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company's stock worth $25,000 after acquiring an additional 42 shares during the last quarter. NBT Bank N A NY bought a new position in Vulcan Materials during the 4th quarter worth approximately $26,000. Greykasell Wealth Strategies Inc. bought a new position in Vulcan Materials during the 3rd quarter worth approximately $29,000. Measured Wealth Private Client Group LLC bought a new position in Vulcan Materials during the 3rd quarter worth approximately $30,000. Finally, Birchwood Financial Partners Inc. bought a new position in Vulcan Materials during the 4th quarter worth approximately $29,000. 90.39% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.