Loop Capital Lowers Vulcan Materials (NYSE:VMC) Price Target to $285.00

Vulcan Materials (NYSE:VMC) had its price objective lowered by analysts at Loop Capital from $305.00 to $285.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Loop Capital’s target price would indicate a potential upside of 16.84% from the stock’s previous close.

A number of other brokerages have also recently issued reports on VMC. JPMorgan Chase & Co. restated a “neutral” rating and set a $270.00 target price (up previously from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Jefferies Financial Group increased their target price on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Truist Financial lifted their price target on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Stephens raised their price objective on Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, Wolfe Research cut Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Five analysts have rated the stock with a hold rating and eleven 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 $279.00.

Vulcan Materials Price Performance

Shares of VMC stock opened at $243.92 on Wednesday. The firm has a market cap of $32.26 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 1.83 and a beta of 0.82. Vulcan Materials has a 12 month low of $190.51 and a 12 month high of $276.58. The company has a quick ratio of 1.81, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $256.07 and a 200 day moving average price of $250.24.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm earned $0.95 earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis. Research analysts expect that Vulcan Materials will post 8.51 EPS for the current year.

Insider Activity

In other Vulcan Materials news, President Thompson S. Baker II sold 6,610 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the transaction, the president now owns 4,784 shares of the company’s stock, valued at approximately $1,304,309.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP David P. Clement sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $254.50, for a total value of $254,500.00. Following the sale, the senior vice president now directly owns 2,660 shares of the company’s stock, valued at approximately $676,970. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Thompson S. Baker II sold 6,610 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the completion of the sale, the president now owns 4,784 shares of the company’s stock, valued at $1,304,309.76. The disclosure for this sale can be found here. Insiders sold 17,210 shares of company stock worth $4,653,520 in the last quarter. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of Vulcan Materials

A number of hedge funds have recently made changes to their positions in the business. Independent Advisor Alliance lifted its holdings in Vulcan Materials by 1.2% during the 4th quarter. Independent Advisor Alliance now owns 6,411 shares of the construction company’s stock valued at $1,455,000 after purchasing an additional 73 shares during the last quarter. Strs Ohio lifted its stake in shares of Vulcan Materials by 6.3% during the 4th quarter. Strs Ohio now owns 74,103 shares of the construction company’s stock worth $16,822,000 after buying an additional 4,412 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Vulcan Materials by 50.6% during the 4th quarter. Nordea Investment Management AB now owns 32,713 shares of the construction company’s stock worth $7,384,000 after buying an additional 10,991 shares during the period. California State Teachers Retirement System grew its stake in Vulcan Materials by 4.2% in the 4th quarter. California State Teachers Retirement System now owns 229,757 shares of the construction company’s stock valued at $52,157,000 after buying an additional 9,193 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in Vulcan Materials by 53.6% in the 4th quarter. Federated Hermes Inc. now owns 81,319 shares of the construction company’s stock valued at $18,460,000 after acquiring an additional 28,369 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

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.