Heidelberg Materials (OTCMKTS:HDLMY) Stock Jumps 14.1% – Here’s What Happened

Shares of Heidelberg Materials (OTCMKTS:HDLMY) traded up 14.1% on Thursday. The company traded as high as $40.1860 and last traded at $39.8285. 19,002 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 165,786 shares. The stock had previously closed at $34.92.

Analysts Set New Price Targets

HDLMY has been the topic of several recent analyst reports. Zacks Research raised shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Royal Bank Of Canada raised Heidelberg Materials from a “hold” rating to a “moderate buy” rating in a report on Friday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Heidelberg Materials presently has an average rating of “Buy”.

Heidelberg Materials Trading Up 1.1%

The company’s fifty day moving average price is $34.26 and its 200-day moving average price is $40.61.

Heidelberg Materials Company Profile

Heidelberg Materials AG is a Germany-based building materials and solutions company serving the construction industry worldwide. Its principal activities include the production and distribution of cement, aggregates, ready-mixed concrete and asphalt, along with related building products and services.

The company supplies materials used in residential, commercial and infrastructure projects, including roads, bridges and other large-scale construction. Heidelberg Materials also develops lower-carbon construction products and technologies as part of its efforts to reduce emissions across the cement and concrete value chain.

Founded in 1873 as HeidelbergCement, the company adopted the Heidelberg Materials name in 2023.