Vulcan Materials (NYSE:VMC) on Wednesday reported better-than-expected first-quarter financial results.

Vulcan Materials reported quarterly earnings of $1.35 per share which beat the analyst consensus estimate of $1.12 per share. The company reported quarterly sales of $1.756 billion which beat the analyst consensus estimate of $1.617 billion.

Ronnie Pruitt, Vulcan Materials’ Chief Executive Officer, said, “The combination of our advantaged aggregates-led business and consistent focus on our strategic disciplines resulted in Adjusted EBITDA growth of 9 percent and margin expansion in the first quarter.  Our strategy and execution, enhanced by innovation and technology, position us well to deliver strong earnings growth and cash generation.  With this focus, and the financial strength and flexibility to grow, we will continue to drive sustainable value creation and win the future in aggregates.”

Vulcan Materials shares rose 1.4% to trade at $300.20 on Thursday.

These analysts made changes to their price targets on Vulcan Materials following earnings announcement.

  • Stephens & Co. analyst Trey Grooms maintained Vulcan Materials with an Overweight rating and raised the price target from $330 to $340.
  • Barclays analyst Adam Seiden maintained the stock with an Overweight rating and raised the price target from $296 to $340.

Considering buying VMC stock? Here’s what analysts think:

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