Vulcan Materials (NYSE:VMC) Given New $295.00 Price Target at Raymond James

Vulcan Materials (NYSE:VMC) had its target price lowered by Raymond James from $298.00 to $295.00 in a research note issued to investors on Thursday morning,Benzinga reports. Raymond James currently has an outperform rating on the construction company’s stock.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Stephens reaffirmed an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. UBS Group assumed coverage on Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price on the stock. Finally, Truist Financial upped their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $269.10 on Thursday. The stock’s 50-day moving average is $273.50 and its two-hundred day moving average is $258.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. Vulcan Materials has a 1 year low of $219.73 and a 1 year high of $298.31. The firm has a market cap of $35.54 billion, a price-to-earnings ratio of 42.44, a PEG ratio of 1.97 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). The firm had revenue of $2 billion for 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%. The company’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period last year, the firm earned $2.29 EPS. Analysts predict that Vulcan Materials will post 7.16 earnings per share for the current year.

Hedge Funds Weigh In On Vulcan Materials

A number of large investors have recently made changes to their positions in VMC. Ballentine Partners LLC increased its holdings in Vulcan Materials by 8.7% in the fourth quarter. Ballentine Partners LLC now owns 1,015 shares of the construction company’s stock valued at $261,000 after buying an additional 81 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Vulcan Materials by 16.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 928 shares of the construction company’s stock valued at $239,000 after purchasing an additional 129 shares in the last quarter. UMB Bank n.a. raised its holdings in Vulcan Materials by 138.5% during the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock worth $48,000 after purchasing an additional 108 shares during the last quarter. Artemis Investment Management LLP boosted its position in Vulcan Materials by 67.9% during the fourth quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company’s stock worth $103,434,000 after purchasing an additional 162,567 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in Vulcan Materials by 11.2% in the fourth quarter. HB Wealth Management LLC now owns 2,423 shares of the construction company’s stock valued at $623,000 after purchasing an additional 244 shares during the last quarter. Hedge funds and other institutional investors 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.