In a report issued on July 8, Stanley Elliott from Stifel Nicolaus maintained a Buy rating on Vulcan Materials (VMC – Research Report), with a price target of $217.00. The company’s shares closed last Friday at $146.41, close to its 52-week low of $137.54.
According to TipRanks.com, Elliott is a 5-star analyst with an average return of 11.7% and a 57.5% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Masonite International, Beacon Roofing Supply, and Construction Partners.
Currently, the analyst consensus on Vulcan Materials is a Moderate Buy with an average price target of $213.86, which is a 44.7% upside from current levels. In a report issued on July 5, Truist Financial also maintained a Buy rating on the stock with a $200.00 price target.
Based on Vulcan Materials’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.54 billion and net profit of $91.8 million. In comparison, last year the company earned revenue of $1.07 billion and had a net profit of $161 million.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VMC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Vulcan Materials Co. engages in the provision of basic materials and supply for infrastructure and construction industry. It operates through the following business segments: Aggregates, Asphalt, Concrete and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee and Western markets. The Asphalt segment produces and sells asphalt mix in Arizona, California, New Mexico, Tennessee, and Texas. The Concrete segment produces and sells ready-mixed concrete in California, Georgia, Maryland, New Mexico, Texas, Virginia, Washington D.C., and the Bahamas. The Calcium segment produces calcium products for the animal feed, plastics, and water treatment industries with calcium carbonate material mined at the Brooksville quarry. The company was founded in 1909 and is headquartered in Birmingham, AL.
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