Vulcan Materials Co. (VMC) Receives Consensus Recommendation of “Buy” from Analysts
Vulcan Materials Co. (NYSE:VMC) has received an average rating of “Buy” from the twelve brokerages that are currently covering the company. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $129.25.
Several equities analysts have issued reports on VMC shares. Zacks Investment Research raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a report on Wednesday, June 29th. Bank of America Corp. restated a “buy” rating on shares of Vulcan Materials in a research report on Friday, June 17th. Argus restated a “buy” rating and set a $129.00 price objective on shares of Vulcan Materials in a research report on Wednesday, August 3rd. Jefferies Group reissued a “hold” rating on shares of Vulcan Materials in a report on Wednesday, August 31st. Finally, DA Davidson reissued a “hold” rating and issued a $120.00 price objective on shares of Vulcan Materials in a research note on Sunday, October 9th.
Shares of Vulcan Materials (NYSE:VMC) traded up 0.95% during mid-day trading on Friday, hitting $109.80. 580,967 shares of the stock traded hands. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of 41.89 and a beta of 1.19. Vulcan Materials has a 12 month low of $78.83 and a 12 month high of $127.20. The firm has a 50 day moving average of $111.48 and a 200 day moving average of $114.85.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.10. The company had revenue of $956.80 million for the quarter, compared to analysts’ expectations of $1.01 billion. Vulcan Materials had a net margin of 9.85% and a return on equity of 8.74%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. On average, equities analysts expect that Vulcan Materials will post $3.23 EPS for the current fiscal year.
In related news, insider David J. Grayson sold 2,025 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $118.77, for a total value of $240,509.25. Following the sale, the insider now directly owns 18,637 shares in the company, valued at approximately $2,213,516.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stanley G. Bass sold 829 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $121.07, for a total transaction of $100,367.03. Following the completion of the sale, the insider now owns 15,185 shares in the company, valued at $1,838,447.95. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Caledonia Private Investments Pty Ltd raised its stake in Vulcan Materials by 19.3% in the first quarter. Caledonia Private Investments Pty Ltd now owns 753,253 shares of the company’s stock valued at $79,521,000 after buying an additional 121,944 shares in the last quarter. New York State Teachers Retirement System raised its stake in Vulcan Materials by 0.8% in the second quarter. New York State Teachers Retirement System now owns 230,609 shares of the company’s stock valued at $27,756,000 after buying an additional 1,901 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Vulcan Materials by 51.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 296,158 shares of the company’s stock valued at $31,265,000 after buying an additional 100,300 shares in the last quarter. Geode Capital Management LLC raised its stake in Vulcan Materials by 2.1% in the first quarter. Geode Capital Management LLC now owns 1,078,909 shares of the company’s stock valued at $113,670,000 after buying an additional 22,325 shares in the last quarter. Finally, Simmons Bank acquired a new stake in Vulcan Materials during the first quarter valued at approximately $340,000. Institutional investors and hedge funds own 86.69% of the company’s stock.
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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