In a report released today, Adam Seiden from Barclays maintained a Buy rating on Vulcan Materials (VMC – Research Report), with a price target of $250.00. The company’s shares closed last Friday at $252.06.
Seiden covers the Industrials sector, focusing on stocks such as MasTec, Aecom Technology, and Caterpillar. According to TipRanks, Seiden has an average return of 11.8% and a 55.56% success rate on recommended stocks.
In addition to Barclays, Vulcan Materials also received a Buy from Loop Capital Markets’s Garik Shmois in a report issued on April 10. However, on April 15, Morgan Stanley maintained a Hold rating on Vulcan Materials (NYSE: VMC).
The company has a one-year high of $276.58 and a one-year low of $165.12. Currently, Vulcan Materials has an average volume of 825.9K.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VMC in relation to earlier this year.
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Vulcan Materials (VMC) Company Description:
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:
- Vulcan Materials price target raised to $290 from $245 at Morgan Stanley
- Vulcan Materials price target raised to $305 from $295 at Loop Capital
- Vulcan Materials price target raised to $322 from $263 at Citi
- Vulcan Materials price target raised to $320 from $300 at Truist
- Vulcan Materials downgraded to Neutral from Overweight at JPMorgan
