Vulcan Materials (NYSE:VMC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Vulcan Materials (NYSE:VMC) have been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $272.45.

VMC has been the subject of a number of recent research reports. StockNews.com cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Loop Capital dropped their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Royal Bank of Canada dropped their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Citigroup dropped their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Stephens decreased their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th.

Vulcan Materials Trading Up 0.9 %

Shares of Vulcan Materials stock opened at $243.85 on Friday. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $278.79. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43. The stock has a market cap of $32.25 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82. The company has a 50-day moving average of $244.59 and a two-hundred day moving average of $253.35.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the business posted $2.29 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. On average, research analysts anticipate that Vulcan Materials will post 7.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Vulcan Materials

Hedge funds have recently made changes to their positions in the stock. SouthState Corp boosted its holdings in shares of Vulcan Materials by 669.2% in the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after purchasing an additional 87 shares during the last quarter. Register Financial Advisors LLC acquired a new position in shares of Vulcan Materials during the 1st quarter valued at $27,000. Kings Path Partners LLC acquired a new position in shares of Vulcan Materials during the 2nd quarter valued at $27,000. UMB Bank n.a. lifted its holdings in shares of Vulcan Materials by 61.8% during the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after acquiring an additional 47 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Vulcan Materials during the 1st quarter valued at $33,000. 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.