Vulcan Materials (NYSE:VMC) Price Target Raised to $300.00

Vulcan Materials (NYSE:VMC) had its price target boosted by Morgan Stanley from $295.00 to $300.00 in a report released on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Morgan Stanley’s price objective indicates a potential upside of 20.11% from the stock’s current price.

Several other equities research analysts have also weighed in on VMC. UBS Group started coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 price objective on the stock. Raymond James dropped their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Barclays increased their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada increased their price objective on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 19th. Finally, Stephens reiterated an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $304.55.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $249.77 on Monday. The firm has a market cap of $32.98 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The firm’s 50-day simple moving average is $265.23 and its 200-day simple moving average is $261.73. 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 1 year low of $225.36 and a 1 year high of $298.31.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new position in shares of Vulcan Materials in the third quarter valued at approximately $30,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Vulcan Materials in the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in shares of Vulcan Materials in the fourth quarter valued at approximately $31,000. Generali Asset Management SPA SGR bought a new position in shares of Vulcan Materials in the fourth quarter valued at approximately $32,000. Finally, Concord Wealth Partners bought a new position in shares of Vulcan Materials in the third quarter valued at approximately $35,000. 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.