UBS Group Initiates Coverage on Vulcan Materials (NYSE:VMC)

Equities researchers at UBS Group began coverage on shares of Vulcan Materials (NYSE:VMC) in a note issued to investors on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $349.00 price target on the construction company’s stock. UBS Group’s target price would suggest a potential upside of 19.39% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Stephens lowered their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Truist Financial lifted their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays upped their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada dropped their target price on shares of 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, StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $280.46.

Vulcan Materials Price Performance

NYSE:VMC opened at $292.31 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The company has a 50 day moving average price of $251.73 and a 200-day moving average price of $253.19. Vulcan Materials has a 1-year low of $208.09 and a 1-year high of $298.31. The firm has a market cap of $38.60 billion, a price-to-earnings ratio of 46.11, a price-to-earnings-growth ratio of 2.79 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the firm posted $2.29 EPS. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. Equities research analysts forecast that Vulcan Materials will post 7.2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. United Asset Strategies Inc. increased its position in Vulcan Materials by 1.1% during the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after purchasing an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Vulcan Materials by 2.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after buying an additional 44 shares during the last quarter. Marcum Wealth LLC raised its position in shares of Vulcan Materials by 5.7% during the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after buying an additional 46 shares during the period. UMB Bank n.a. lifted its holdings in Vulcan Materials by 61.8% in the second 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, Golden State Equity Partners grew its position in Vulcan Materials by 4.5% in the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after acquiring an additional 47 shares during the period. 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.