TipRanksStock Market NewsVMC NewsVulcan Materials (VMC): New Buy Recommendation for This Basic Materials Giant

Vulcan Materials (VMC): New Buy Recommendation for This Basic Materials Giant

In a report released on August 5, Stanley Elliott from Stifel Nicolaus maintained a Buy rating on Vulcan Materials (VMCResearch Report), with a price target of $220.00. The company’s shares closed yesterday at $172.17.

Elliott covers the Industrial Goods sector, focusing on stocks such as AZEK Company, Deere, and Construction Partners. According to TipRanks, Elliott has an average return of 13.7% and a 62.37% success rate on recommended stocks.

In addition to Stifel Nicolaus, Vulcan Materials also received a Buy from Citigroup’s Anthony Pettinari in a report issued on August 5. However, on the same day, RBC Capital maintained a Hold rating on Vulcan Materials (NYSE: VMC).

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The company has a one-year high of $213.65 and a one-year low of $137.54. Currently, Vulcan Materials has an average volume of 761.8K.

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.

Read More on VMC:

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