Vulcan Materials (VMC) Stock Rating Reaffirmed by Barclays

Vulcan Materials (NYSE:VMC)‘s stock had its “buy” rating reiterated by Barclays in a research note issued on Thursday. They presently have a $132.00 target price on the construction company’s stock. Barclays’ price objective would suggest a potential upside of 42.18% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Bank of America dropped their target price on shares of Vulcan Materials from $130.00 to $128.00 and set a “hold” rating on the stock in a report on Wednesday, August 1st. Zacks Investment Research upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Royal Bank of Canada upgraded shares of Vulcan Materials from a “sector perform” rating to an “outperform” rating and set a $97.00 target price on the stock in a report on Wednesday, August 1st. They noted that the move was a valuation call. Jefferies Financial Group upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a report on Wednesday, August 1st. Finally, Stephens set a $125.00 target price on shares of Vulcan Materials and gave the stock a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $125.80.

Shares of Vulcan Materials stock opened at $92.84 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.96 and a debt-to-equity ratio of 0.55. Vulcan Materials has a 1 year low of $92.79 and a 1 year high of $141.20. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 0.95 and a beta of 0.93.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, July 31st. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.14). Vulcan Materials had a return on equity of 9.46% and a net margin of 15.72%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The firm’s revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts forecast that Vulcan Materials will post 4.13 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Morgan Stanley raised its position in shares of Vulcan Materials by 28.1% in the 2nd quarter. Morgan Stanley now owns 6,119,088 shares of the construction company’s stock valued at $789,730,000 after purchasing an additional 1,341,129 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Vulcan Materials by 7.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,936,700 shares of the construction company’s stock valued at $379,010,000 after purchasing an additional 196,091 shares during the last quarter. Fred Alger Management Inc. raised its position in Vulcan Materials by 56.3% during the 2nd quarter. Fred Alger Management Inc. now owns 2,644,635 shares of the construction company’s stock worth $341,317,000 after buying an additional 952,138 shares during the last quarter. Principal Financial Group Inc. raised its position in Vulcan Materials by 35.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,016,741 shares of the construction company’s stock worth $230,251,000 after buying an additional 526,595 shares during the last quarter. Finally, Northern Trust Corp raised its position in Vulcan Materials by 6.0% during the 2nd quarter. Northern Trust Corp now owns 1,518,794 shares of the construction company’s stock worth $196,016,000 after buying an additional 86,373 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

About Vulcan Materials

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.

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