Vulcan Materials (NYSE:VMC) Reaches New 1-Year High at $165.32


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Vulcan Materials (NYSE:VMC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $165.32 and last traded at $165.02, with a volume of 6745 shares trading hands. The stock had previously closed at $163.00.

Several equities analysts recently issued reports on VMC shares. Stephens raised shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 6th. Truist raised their price objective on Vulcan Materials from $145.00 to $152.00 in a research report on Wednesday, November 18th. Berenberg Bank downgraded shares of Vulcan Materials from a “buy” rating to a “hold” rating in a report on Thursday, October 22nd. Barclays raised their price objective on Vulcan Materials from $122.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 10th. Finally, The Goldman Sachs Group lowered Vulcan Materials from a “buy” rating to a “neutral” rating and set a $155.00 target price on the stock. in a research report on Thursday, November 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Vulcan Materials currently has a consensus rating of “Hold” and an average price target of $139.50.

The company’s fifty day simple moving average is $146.60 and its 200-day simple moving average is $135.15. The firm has a market capitalization of $21.41 billion, a PE ratio of 34.31, a P/E/G ratio of 2.44 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.95 and a quick ratio of 1.52.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, November 5th. The construction company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.05). The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.37 billion. Vulcan Materials had a return on equity of 11.46% and a net margin of 12.60%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.68 EPS. Analysts forecast that Vulcan Materials will post 4.68 earnings per share for the current year.

In other Vulcan Materials news, SVP Jerry F. Perkins, Jr. sold 3,000 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $137.25, for a total transaction of $411,750.00. Following the transaction, the senior vice president now owns 5,220 shares in the company, valued at $716,445. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley lifted its stake in shares of Vulcan Materials by 68.3% in the third quarter. Morgan Stanley now owns 436,706 shares of the construction company’s stock worth $59,191,000 after buying an additional 177,288 shares during the last quarter. FMR LLC boosted its position in shares of Vulcan Materials by 31.0% in the second quarter. FMR LLC now owns 1,257,970 shares of the construction company’s stock valued at $145,736,000 after acquiring an additional 297,346 shares during the period. Guggenheim Capital LLC grew its stake in shares of Vulcan Materials by 8.6% in the third quarter. Guggenheim Capital LLC now owns 15,588 shares of the construction company’s stock worth $2,113,000 after acquiring an additional 1,239 shares during the last quarter. Public Sector Pension Investment Board increased its position in Vulcan Materials by 25.8% during the third quarter. Public Sector Pension Investment Board now owns 16,094 shares of the construction company’s stock worth $2,181,000 after acquiring an additional 3,300 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in Vulcan Materials by 4.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 29,066 shares of the construction company’s stock worth $3,818,000 after acquiring an additional 1,116 shares during the period. Hedge funds and other institutional investors own 88.61% of the company’s stock.

About Vulcan Materials (NYSE:VMC)

Vulcan Materials Company produces and supplies construction materials primarily in the United States. The company operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment 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.

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