Vulcan Materials (NYSE:VMC) Raised to “Hold” at StockNews.com

Vulcan Materials (NYSE:VMC) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. decreased their target price on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Stephens decreased their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Barclays lifted their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Citigroup lowered their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Royal Bank of Canada lowered their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $274.75.

Vulcan Materials Trading Down 1.3 %

Shares of NYSE VMC opened at $270.39 on Friday. The company has a current ratio of 2.86, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The company has a market cap of $35.71 billion, a PE ratio of 42.65, a P/E/G ratio of 2.60 and a beta of 0.80. The company has a 50-day moving average of $247.70 and a two-hundred day moving average of $252.20. Vulcan Materials has a 1-year low of $206.02 and a 1-year high of $279.47.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. Vulcan Materials’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.29 earnings per share. As a group, equities analysts expect that Vulcan Materials will post 7.32 earnings per share for the current fiscal year.

Institutional Trading of Vulcan Materials

A number of institutional investors have recently modified their holdings of the stock. SouthState Corp raised its holdings in shares of Vulcan Materials by 669.2% during the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after buying an additional 87 shares in the last quarter. Kings Path Partners LLC bought a new position in shares of Vulcan Materials in the 2nd quarter worth about $27,000. UMB Bank n.a. increased its holdings in Vulcan Materials by 61.8% in the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after purchasing an additional 47 shares in the last quarter. Concord Wealth Partners bought a new stake in shares of Vulcan Materials in the 3rd quarter valued at $35,000. Finally, Manchester Capital Management LLC increased its stake in Vulcan Materials by 1,218.2% in the first quarter. Manchester Capital Management LLC now owns 145 shares of the construction company’s stock valued at $40,000 after purchasing an additional 134 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

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.