Vulcan Materials Co. (VMC) Stock Rating Reaffirmed by DA Davidson
Vulcan Materials Co. (NYSE:VMC)‘s stock had its “hold” rating reissued by investment analysts at DA Davidson in a report released on Sunday. They currently have a $120.00 target price on the stock. DA Davidson’s price target would suggest a potential upside of 12.71% from the company’s current price.
VMC has been the subject of a number of other research reports. Zacks Investment Research downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Royal Bank Of Canada upped their price objective on Vulcan Materials from $127.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, July 12th. Jefferies Group reiterated a “hold” rating on shares of Vulcan Materials in a report on Wednesday, August 31st. Argus reiterated a “buy” rating and issued a $129.00 price objective on shares of Vulcan Materials in a report on Wednesday, August 3rd. Finally, Bank of America Corp. reiterated a “buy” rating on shares of Vulcan Materials in a report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $130.89.
Shares of Vulcan Materials (NYSE:VMC) opened at 106.47 on Friday. The stock’s 50 day moving average price is $112.77 and its 200 day moving average price is $114.84. Vulcan Materials has a one year low of $78.83 and a one year high of $127.20. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 40.62 and a beta of 1.19.
Vulcan Materials (NYSE:VMC) last released its earnings results on Monday, August 1st. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by $0.10. The firm had revenue of $956.80 million for the quarter, compared to the consensus estimate of $1.01 billion. Vulcan Materials had a return on equity of 8.74% and a net margin of 9.85%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. Analysts expect that Vulcan Materials will post $3.23 EPS for the current fiscal year.
In other news, insider David B. Pasley sold 280 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $117.55, for a total value of $32,914.00. Following the completion of the sale, the insider now directly owns 2,470 shares of the company’s stock, valued at $290,348.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David J. Grayson sold 2,025 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $118.77, for a total value of $240,509.25. Following the completion of the sale, the insider now directly owns 18,637 shares of the company’s stock, valued at $2,213,516.49. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Conning Inc. raised its position in shares of Vulcan Materials by 0.3% in the second quarter. Conning Inc. now owns 3,189 shares of the company’s stock worth $384,000 after buying an additional 10 shares during the period. IFP Advisors Inc raised its position in shares of Vulcan Materials by 1.4% in the second quarter. IFP Advisors Inc now owns 1,872 shares of the company’s stock worth $225,000 after buying an additional 25 shares during the period. Eqis Capital Management Inc. raised its position in shares of Vulcan Materials by 1.4% in the third quarter. Eqis Capital Management Inc. now owns 1,899 shares of the company’s stock worth $216,000 after buying an additional 26 shares during the period. CENTRAL TRUST Co raised its position in shares of Vulcan Materials by 1.3% in the second quarter. CENTRAL TRUST Co now owns 2,440 shares of the company’s stock worth $294,000 after buying an additional 32 shares during the period. Finally, Moody Lynn & Lieberson LLC raised its position in shares of Vulcan Materials by 1.2% in the second quarter. Moody Lynn & Lieberson LLC now owns 3,410 shares of the company’s stock worth $410,000 after buying an additional 40 shares during the period. 86.71% of the stock is owned by institutional investors.
Vulcan Materials Company Profile
Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company has four segments organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Company operates approximately 344 aggregates facilities.
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