Vulcan Materials (NYSE:VMC) Downgraded by StockNews.com

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

VMC has been the subject of several other research reports. Stephens lowered their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Citigroup dropped their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Loop Capital reduced their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Royal Bank of Canada lowered their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Finally, Truist Financial reduced 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.73.

Vulcan Materials Stock Down 1.2 %

Shares of NYSE VMC traded down $2.94 on Tuesday, reaching $247.49. 662,981 shares of the company’s stock traded hands, compared to its average volume of 824,166. The business’s 50 day simple moving average is $247.28 and its two-hundred day simple moving average is $254.57. Vulcan Materials has a 12 month low of $190.51 and a 12 month high of $278.79. The company has a market cap of $32.68 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 2.32 and a beta of 0.82. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43.

Vulcan Materials (NYSE:VMC) last posted 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 company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the business earned $2.29 EPS. As a group, equities research analysts forecast that Vulcan Materials will post 7.73 EPS for the current fiscal year.

Institutional Trading of Vulcan Materials

Several institutional investors and hedge funds have recently modified their holdings of the company. SouthState Corp boosted its stake in Vulcan Materials by 669.2% in the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after purchasing an additional 87 shares during the period. Register Financial Advisors LLC bought a new position in shares of Vulcan Materials during the first quarter worth $27,000. Kings Path Partners LLC purchased a new position in Vulcan Materials during the second quarter valued at $27,000. UMB Bank n.a. increased its holdings in Vulcan Materials by 61.8% in 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 during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Vulcan Materials in the 1st quarter worth $33,000. 90.39% of the stock is currently owned by institutional investors.

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.