Research analysts at JPMorgan Chase & Co. upgraded Vulcan Materials (NYSE:VMC) from “neutral” to “overweight” in a note to investors on Thursday.
Other research institutions have recently shared their opinions on VMC. In a research note released on November 3rd, Morgan Stanley raised their “equal weight” recommendation and price objective for shares of Vulcan Materials from $175.00 to $181.00. StockNews.com began covering Vulcan Materials stock on Wednesday, October 12. A “hold” rating was given to the company. The price objective on shares of Vulcan Materials was lowered by Raymond James from $197.00 to $186.00 in a report issued on Friday, November 4th, while the company’s “outperform” rating was kept. In a report released on October 10th, Citigroup changed Vulcan Materials’ “hold” recommendation to “buy.” In addition, they lowered their target price for the stock from $199.00 to $189.00. DA In a report on October 12th, Davidson lowered the target price for shares of Vulcan Materials from $205.00 to $200.00. Compared to the 10 financial analysts who advised purchasing the company’s shares, only three have recommended holding the stock. According to Bloomberg, the stock has a consensus “Moderate Buy” rating and a $202.00 price target.
VMC was priced at $179.10 on Thursday. The price range for Vulcan Materials in the prior year was $137.54 to $213.65. The stock’s 200-day and 50-day simple moving averages are, respectively, $163.03 and $168.31. The debt-to-equity ratio, quick ratio, and current ratio for the corporation are each 0.56, 1.31, and 1.71, respectively. The stock has a market value of $23.80 billion, a P/E ratio of 40.25, a P/E/G ratio of 2.33, and a beta of 0.79.Additionally, it has a 40.25 price-to-earnings ratio.
Additionally, SVP David P. Clement sold 2,000 shares of company stock on Monday, December 5. The shares were sold at an average price of $180.00, for a total transaction value of $360,000.00. Following the closing of the deal, the senior vice president will own 1,970 company shares, valued at roughly $354,600. You can view the court documents in which the transaction was revealed on the Securities and Exchange Commission website. Currently, insiders own 0.5% of the stock.
A number of hedge funds and institutional investors recently changed the number of shares they owned in the company. Checchi Capital Advisers LLC increased its ownership of Vulcan Materials by 5.0% during the third quarter. Checchi Capital Advisers LLC now owns 1,297 shares of the construction company for a total cost of $205,000, an increase of 62 shares. Industrial Alliance Investment Management Inc. boosted its ownership of Vulcan Materials by 2.6% during the second quarter. Industrial Alliance Investment Management Inc. now owns 2,466 shares of the construction company’s stock, worth $350,000, after acquiring an additional 63 shares in the last recent quarter. Financial Consulate, Inc. grew its holdings in Vulcan Materials shares by 3.4% during the third quarter. Financial Consulate Inc. now owns 2,052 shares in the construction company, valued at $324,000, after acquiring an additional 68 shares in the most recent quarter. Rosenberg Matthew Hamilton boosted its ownership of Vulcan Materials by 19.3% during the third quarter. Rosenberg Matthew Hamilton now directly owns 427 shares in the construction company, valued at $67,000, after acquiring an additional 69 shares in the most recent quarter. And lastly, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its interest in Vulcan Materials by 2.1% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now directly owns 3,391 shares of the construction company’s stock, worth $534,000, after acquiring an additional 69 shares in the last recent quarter. 00. 90%. About 25% of the stock of the company is owned by institutions and hedge funds.
The Vulcan Materials Company and its subsidiaries produce and supply the majority of the construction aggregates used in the United States. It operates via the divisions for asphalt, calcium, concrete, and aggregates. Crushed stones, sand and gravel, sand, and other aggregates are available under the Aggregates category, along with related products and services. These materials are used to construct homes, companies, and factories, as well as to construct and maintain public infrastructure like roads and buildings.
