Stifel Nicolaus Forecasts Strong Price Appreciation for Vulcan Materials (NYSE:VMC) Stock

Vulcan Materials (NYSE:VMC) had its price objective upped by equities research analysts at Stifel Nicolaus from $287.00 to $309.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 15.59% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Seaport Res Ptn raised shares of Vulcan Materials to a “strong-buy” rating in a research report on Friday, March 21st. Raymond James decreased their price target on shares of Vulcan Materials from $300.00 to $295.00 and set an “outperform” rating for the company in a research note on Tuesday, April 29th. Royal Bank of Canada lifted their price objective on Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 19th. UBS Group lowered Vulcan Materials from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $343.00 to $258.00 in a research report on Monday, April 7th. Finally, Stephens restated an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $295.64.

Vulcan Materials Stock Up 1.4 %

NYSE VMC opened at $267.32 on Friday. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31. The stock has a market capitalization of $35.36 billion, a PE ratio of 39.02, a PEG ratio of 2.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The business’s 50-day moving average is $239.03 and its 200 day moving average is $259.80.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.80 EPS. Sell-side analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current year.

Institutional Trading of Vulcan Materials

Institutional investors have recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in shares of Vulcan Materials in the first quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in Vulcan Materials in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in Vulcan Materials in the 4th quarter valued at approximately $31,000. Generali Asset Management SPA SGR purchased a new stake in Vulcan Materials during the 4th quarter valued at $32,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Vulcan Materials in the 4th quarter worth $35,000. 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.