Vulcan Materials (NYSE:VMC) Given New $320.00 Price Target at Loop Capital

Vulcan Materials (NYSE:VMC) had its price target reduced by research analysts at Loop Capital from $325.00 to $320.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Loop Capital’s target price suggests a potential upside of 35.71% from the stock’s previous close.

VMC has been the subject of several other research reports. Seaport Res Ptn upgraded Vulcan Materials to a “strong-buy” rating in a research report on Friday, March 21st. Citigroup decreased their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Raymond James lowered their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus assumed coverage on shares of Vulcan Materials in a research note on Tuesday, March 4th. They issued a “buy” rating and a $287.00 target price for the company. Finally, Morgan Stanley upped their price objective on shares of Vulcan Materials from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average target price of $305.58.

Vulcan Materials Trading Up 1.1 %

Shares of NYSE VMC traded up $2.50 during trading hours on Tuesday, hitting $235.80. The company’s stock had a trading volume of 214,400 shares, compared to its average volume of 870,845. The business has a 50-day simple moving average of $253.19 and a 200-day simple moving average of $260.78. The stock has a market cap of $31.19 billion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 2.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. Vulcan Materials has a 12 month low of $215.08 and a 12 month high of $298.31.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.76 by $0.41. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the business posted $1.46 EPS. On average, analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vulcan Materials

A number of institutional investors and hedge funds have recently bought and sold shares of VMC. Norges Bank bought a new stake in Vulcan Materials during the 4th quarter worth approximately $380,369,000. Principal Financial Group Inc. lifted its position in shares of Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after purchasing an additional 884,580 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Vulcan Materials by 28,529.4% during the 4th quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company’s stock worth $134,694,000 after purchasing an additional 521,802 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Vulcan Materials by 239.8% in the fourth quarter. BNP Paribas Financial Markets now owns 739,003 shares of the construction company’s stock valued at $190,094,000 after purchasing an additional 521,508 shares during the last quarter. Finally, Alkeon Capital Management LLC raised its stake in Vulcan Materials by 54.1% in the 4th quarter. Alkeon Capital Management LLC now owns 1,282,001 shares of the construction company’s stock worth $329,769,000 after purchasing an additional 450,000 shares in the last quarter. 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.