Vulcan Materials (NYSE:VMC) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Vulcan Materials (NYSE:VMC) had its target price boosted by analysts at Royal Bank of Canada from $269.00 to $286.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the construction company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 10.58% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Stephens reissued an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. Truist Financial upped their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup reduced their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Raymond James cut their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Finally, UBS Group initiated coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $305.00.

Vulcan Materials Price Performance

Shares of VMC opened at $258.64 on Wednesday. The company has a market cap of $34.16 billion, a P/E ratio of 37.76, a PEG ratio of 2.11 and a beta of 0.84. Vulcan Materials has a fifty-two week low of $225.36 and a fifty-two week high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average price is $267.05 and its 200 day moving average price is $261.46.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.41. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 13.01%. During the same quarter last year, the company earned $1.46 earnings per share. On average, research analysts forecast that Vulcan Materials will post 8.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Vulcan Materials by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 16,352,507 shares of the construction company’s stock worth $4,206,355,000 after purchasing an additional 90,157 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Vulcan Materials by 13.9% during the 4th quarter. Principal Financial Group Inc. now owns 6,062,201 shares of the construction company’s stock valued at $1,559,380,000 after buying an additional 741,631 shares during the period. State Street Corp increased its holdings in shares of Vulcan Materials by 1.2% during the 3rd quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock worth $1,322,546,000 after buying an additional 65,163 shares during the last quarter. FMR LLC raised its position in shares of Vulcan Materials by 2.2% in the 3rd quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock worth $916,807,000 after buying an additional 78,271 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Vulcan Materials by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 3,348,418 shares of the construction company’s stock valued at $859,171,000 after acquiring an additional 36,833 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.