Vulcan Materials (NYSE:VMC) Receives Average Recommendation of “Moderate Buy” from Analysts

Vulcan Materials (NYSE:VMC) has received an average rating of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $301.18.

A number of research firms have recently issued reports on VMC. JPMorgan Chase & Co. upped their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Raymond James dropped their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday. Stephens reiterated an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Truist Financial increased their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st.

Hedge Funds Weigh In On Vulcan Materials

Hedge funds have recently modified their holdings of the business. United Asset Strategies Inc. raised its holdings in Vulcan Materials by 1.1% in the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock valued at $938,000 after buying an additional 39 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Vulcan Materials by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock valued at $498,000 after acquiring an additional 44 shares during the period. Marcum Wealth LLC raised its stake in shares of Vulcan Materials by 5.7% in the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after acquiring an additional 46 shares during the period. Golden State Equity Partners lifted its holdings in shares of Vulcan Materials by 4.5% in the 3rd quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after acquiring an additional 47 shares during the last quarter. Finally, Valley Brook Capital Group Inc. boosted its position in shares of Vulcan Materials by 5.1% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company’s stock worth $257,000 after purchasing an additional 50 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Trading Up 0.4 %

VMC stock opened at $270.28 on Friday. Vulcan Materials has a 12-month low of $219.73 and a 12-month high of $298.31. The business’s 50-day moving average is $272.63 and its 200 day moving average is $258.85. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The stock has a market cap of $35.69 billion, a price-to-earnings ratio of 42.63, a PEG ratio of 1.97 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the firm earned $2.29 earnings per share. The business’s revenue was down 8.3% on a year-over-year basis. On average, sell-side analysts anticipate that Vulcan Materials will post 7.16 EPS for the current fiscal year.

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.