Traders Purchase Large Volume of Call Options on Vulcan Materials (VMC)
Vulcan Materials (NYSE:VMC) saw some unusual options trading on Thursday. Stock traders acquired 4,190 call options on the stock. This is an increase of approximately 1,350% compared to the typical daily volume of 289 call options.
Several equities analysts have weighed in on VMC shares. ValuEngine cut Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. DA Davidson set a $118.00 target price on Vulcan Materials and gave the company a “hold” rating in a research note on Thursday. Zacks Investment Research raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Bank of America lowered their target price on Vulcan Materials from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Monday, October 1st. Finally, Royal Bank of Canada raised Vulcan Materials from a “sector perform” rating to an “outperform” rating and set a $97.00 target price on the stock in a research note on Wednesday, August 1st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $129.00.
VMC opened at $100.99 on Friday. Vulcan Materials has a twelve month low of $98.70 and a twelve month high of $141.20. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.46 and a quick ratio of 0.96. The company has a market capitalization of $14.71 billion, a P/E ratio of 33.23, a P/E/G ratio of 1.05 and a beta of 0.93.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Wednesday, November 21st will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.11%. Vulcan Materials’s dividend payout ratio (DPR) is currently 36.84%.
A number of institutional investors and hedge funds have recently bought and sold shares of VMC. Mount Yale Investment Advisors LLC lifted its holdings in Vulcan Materials by 90.1% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 960 shares of the construction company’s stock worth $124,000 after purchasing an additional 455 shares during the last quarter. Smithfield Trust Co. lifted its holdings in Vulcan Materials by 160.5% in the 2nd quarter. Smithfield Trust Co. now owns 1,201 shares of the construction company’s stock worth $155,000 after purchasing an additional 740 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Vulcan Materials in the 2nd quarter worth approximately $194,000. Advisor Partners LLC acquired a new stake in Vulcan Materials in the 2nd quarter worth approximately $201,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in Vulcan Materials in the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 97.07% of the company’s stock.
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.
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