JPMorgan Chase & Co. Issues Positive Forecast for Vulcan Materials (NYSE:VMC) Stock Price

Vulcan Materials (NYSE:VMC) had its price objective lifted by JPMorgan Chase & Co. from $245.00 to $290.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 0.55% from the company’s current price.

Several other research analysts have also commented on the company. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Royal Bank of Canada reduced their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. UBS Group started coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. Truist Financial lifted their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Stephens reduced their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $283.92.

Vulcan Materials Stock Performance

VMC stock opened at $288.40 on Wednesday. Vulcan Materials has a 1-year low of $209.60 and a 1-year high of $298.31. The business has a 50-day moving average price of $263.07 and a 200 day moving average price of $254.79. The company has a market capitalization of $38.09 billion, a P/E ratio of 45.49, a PEG ratio of 2.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.29 earnings per share. As a group, equities research analysts forecast that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Institutional Trading of Vulcan Materials

Several large investors have recently added to or reduced their stakes in VMC. Cetera Advisors LLC boosted its holdings in shares of Vulcan Materials by 118.1% in the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock valued at $1,132,000 after acquiring an additional 2,245 shares during the last quarter. Mather Group LLC. grew its position in Vulcan Materials by 16.1% during the 2nd quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock worth $134,000 after purchasing an additional 68 shares during the period. Raymond James & Associates grew its position in Vulcan Materials by 3.0% during the 2nd quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock worth $50,367,000 after purchasing an additional 5,979 shares during the period. Tidal Investments LLC raised its stake in shares of Vulcan Materials by 87.1% during the 1st quarter. Tidal Investments LLC now owns 9,591 shares of the construction company’s stock valued at $2,618,000 after buying an additional 4,466 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Vulcan Materials by 62.1% in the 1st quarter. Janus Henderson Group PLC now owns 30,226 shares of the construction company’s stock valued at $8,247,000 after buying an additional 11,583 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.