Nomura analyst Mike Wood maintained a Buy rating on Vulcan Materials (VMC) today and set a price target of $125.00. The company’s shares closed last Thursday at $101.96.
According to TipRanks.com, Wood ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -7.5% and a 33.3% success rate. Wood covers the Industrial Goods sector, focusing on stocks such as Mueller Water Products, Masonite International, and Armstrong Flooring.
Vulcan Materials has an analyst consensus of Moderate Buy, with a price target consensus of $129.18, which is a 22.7% upside from current levels. In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a $120.00 price target.
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The company has a one-year high of $152.50 and a one-year low of $65.56. Currently, Vulcan Materials has an average volume of 1.55M.
Based on the recent corporate insider activity of 22 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.
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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. 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.
