Vulcan Materials (NYSE:VMC)‘s stock had its “hold” rating restated by Jefferies Group in a report released on Wednesday, January 17th. They currently have a $135.00 price target on the construction company’s stock. Jefferies Group’s price objective would suggest a potential upside of 8.00% from the stock’s current price. Jefferies Group also issued estimates for Vulcan Materials’ Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.56 EPS, Q4 2018 earnings at $1.09 EPS, FY2018 earnings at $4.44 EPS and FY2019 earnings at $5.51 EPS.
A number of other equities analysts have also recently commented on the company. Citigroup reiterated a “buy” rating and issued a $144.00 target price on shares of Vulcan Materials in a report on Tuesday, December 26th. SunTrust Banks set a $145.00 price objective on Vulcan Materials and gave the company a “buy” rating in a report on Saturday, December 16th. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. Barclays started coverage on Vulcan Materials in a report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 price objective for the company. Finally, Stephens restated a “buy” rating and set a $158.00 price objective on shares of Vulcan Materials in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $146.13.
Shares of Vulcan Materials (NYSE VMC) traded up $3.53 during trading on Wednesday, hitting $125.00. The stock had a trading volume of 1,306,940 shares, compared to its average volume of 1,460,000. The stock has a market cap of $16,530.00, a PE ratio of 42.66, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $141.20.
In other news, insider Michael R. Mills sold 3,738 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total value of $502,985.28. Following the completion of the transaction, the insider now directly owns 44,581 shares of the company’s stock, valued at approximately $5,998,819.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael R. Mills sold 4,659 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $133.25, for a total value of $620,811.75. Following the completion of the transaction, the insider now directly owns 45,351 shares of the company’s stock, valued at $6,043,020.75. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new position in Vulcan Materials during the 2nd quarter valued at about $187,000. Teachers Advisors LLC raised its holdings in shares of Vulcan Materials by 5.1% during the second quarter. Teachers Advisors LLC now owns 164,785 shares of the construction company’s stock valued at $20,875,000 after acquiring an additional 7,995 shares during the last quarter. Nationwide Fund Advisors raised its holdings in shares of Vulcan Materials by 4.0% during the second quarter. Nationwide Fund Advisors now owns 136,006 shares of the construction company’s stock valued at $17,229,000 after acquiring an additional 5,198 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of Vulcan Materials during the second quarter valued at approximately $252,000. Finally, ProShare Advisors LLC raised its holdings in shares of Vulcan Materials by 14.6% during the second quarter. ProShare Advisors LLC now owns 28,441 shares of the construction company’s stock valued at $3,603,000 after acquiring an additional 3,613 shares during the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.
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About Vulcan Materials
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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