After RBC Capital and Citigroup gave Vulcan Materials (NYSE: VMC) a Buy rating last month, the company received another Buy, this time from Nomura. Analyst Mike Wood maintained a Buy rating on Vulcan Materials yesterday and set a price target of $182.00. The company’s shares closed last Monday at $135.22.
According to TipRanks.com, Wood is a 4-star analyst with an average return of 8.3% and a 59.8% success rate. Wood covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Mueller Water Products, and Masonite International.
Currently, the analyst consensus on Vulcan Materials is a Moderate Buy with an average price target of $164.67, a 20.7% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a $157.00 price target.
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Based on Vulcan Materials’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $141 million. In comparison, last year the company had a net profit of $124 million.
Based on the recent corporate insider activity of 19 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 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.
