In a report issued on June 22, Michael Dahl from RBC Capital maintained a Hold rating on Vulcan Materials (VMC – Research Report), with a price target of $163.00. The company’s shares closed last Friday at $145.82, close to its 52-week low of $141.18.
According to TipRanks.com, Dahl is a 4-star analyst with an average return of 5.2% and a 53.2% success rate. Dahl covers the Consumer Goods sector, focusing on stocks such as Skyline Champion, Taylor Morrison, and Toll Brothers.
Currently, the analyst consensus on Vulcan Materials is a Moderate Buy with an average price target of $227.00, implying a 59.1% upside from current levels. In a report issued on June 23, Goldman Sachs also maintained a Hold rating on the stock with a $189.00 price target.
The company has a one-year high of $213.65 and a one-year low of $141.18. Currently, Vulcan Materials has an average volume of 781.6K.
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:
- Mid-America Apartment (MAA) Receives a Hold from RBC Capital
- RBC Capital Reaffirms Their Buy Rating on Sun Communities (SUI)
- RBC Capital Reaffirms Their Hold Rating on AvalonBay (AVB)
- Stifel Nicolaus Remains a Buy on Zoetis (ZTS)
- Analysts Offer Insights on Industrial Goods Companies: Graco (GGG), Xometry (XMTR) and Covenant Logistics Group (CVLG)