Stephens set a $137.00 price target on Vulcan Materials (NYSE:VMC) in a research note published on Friday. The brokerage currently has a buy rating on the construction company’s stock.

Several other research firms have also recently issued reports on VMC. Citigroup boosted their price objective on shares of Vulcan Materials from $144.00 to $158.00 and gave the company a buy rating in a research report on Thursday, January 25th. Zacks Investment Research raised shares of Vulcan Materials from a strong sell rating to a hold rating in a research report on Sunday, January 21st. Jefferies Group reissued a hold rating and issued a $135.00 price objective on shares of Vulcan Materials in a research report on Wednesday, January 17th. Bank of America boosted their price objective on shares of Vulcan Materials from $129.00 to $139.00 and gave the company a neutral rating in a research report on Monday, February 5th. Finally, SunTrust Banks set a $145.00 price objective on shares of Vulcan Materials and gave the company a buy rating in a research report on Saturday, December 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $142.78.

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Vulcan Materials stock opened at $114.74 on Friday. The stock has a market capitalization of $14,945.34, a price-to-earnings ratio of 37.74, a P/E/G ratio of 1.23 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.66 and a quick ratio of 1.80. Vulcan Materials has a 1 year low of $109.96 and a 1 year high of $141.20.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Friday, February 16th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $977.50 million during the quarter, compared to analysts’ expectations of $929.36 million. Vulcan Materials had a net margin of 15.45% and a return on equity of 8.68%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. research analysts expect that Vulcan Materials will post 4.35 earnings per share for the current fiscal year.

In other news, insider Michael R. Mills sold 3,738 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total value of $502,985.28. Following the completion of the sale, the insider now owns 44,581 shares of the company’s stock, valued at approximately $5,998,819.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Vulcan Materials by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 897,658 shares of the construction company’s stock worth $107,359,000 after acquiring an additional 3,048 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Vulcan Materials by 38.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,075 shares of the construction company’s stock worth $606,000 after acquiring an additional 1,414 shares in the last quarter. Highbridge Capital Management LLC bought a new position in shares of Vulcan Materials during the 3rd quarter worth approximately $1,103,000. California Public Employees Retirement System raised its stake in shares of Vulcan Materials by 5.1% during the 3rd quarter. California Public Employees Retirement System now owns 286,075 shares of the construction company’s stock worth $34,215,000 after acquiring an additional 13,975 shares in the last quarter. Finally, IFM Investors Pty Ltd bought a new position in shares of Vulcan Materials during the 3rd quarter worth approximately $475,000. 92.23% of the stock is owned by hedge funds and other institutional investors.

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About Vulcan Materials

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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