Vulcan Materials (NYSE:VMC) Stock Rating Lowered by StockNews.com

Vulcan Materials (NYSE:VMC) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other equities analysts have also recently weighed in on VMC. Citigroup cut their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Stephens reduced their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. reduced their target price on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Loop Capital decreased their price objective on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Finally, Truist Financial lowered their target price on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $272.45.

Vulcan Materials Trading Up 1.5 %

Vulcan Materials stock opened at $247.51 on Friday. The firm has a market capitalization of $32.73 billion, a price-to-earnings ratio of 36.13, a P/E/G ratio of 2.28 and a beta of 0.82. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $278.79. The firm has a 50 day moving average of $243.67 and a 200 day moving average of $252.83. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the company earned $2.29 EPS. As a group, research analysts predict that Vulcan Materials will post 7.69 earnings per share for the current year.

Institutional Trading of Vulcan Materials

Several large investors have recently made changes to their positions in VMC. Syon Capital LLC boosted its position in Vulcan Materials by 19.0% during the fourth quarter. Syon Capital LLC now owns 2,301 shares of the construction company’s stock worth $522,000 after purchasing an additional 368 shares in the last quarter. American International Group Inc. lifted its holdings in shares of Vulcan Materials by 0.4% in the 4th quarter. American International Group Inc. now owns 36,109 shares of the construction company’s stock worth $8,197,000 after acquiring an additional 131 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of Vulcan Materials by 144.0% during the fourth quarter. Trust Co. of Vermont now owns 244 shares of the construction company’s stock worth $55,000 after buying an additional 144 shares during the period. Wahed Invest LLC boosted its holdings in Vulcan Materials by 6.9% during the 4th quarter. Wahed Invest LLC now owns 2,259 shares of the construction company’s stock valued at $513,000 after acquiring an additional 146 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Vulcan Materials by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 15,249,701 shares of the construction company’s stock valued at $3,461,835,000 after purchasing an additional 105,230 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.