Vulcan Materials (NYSE:VMC) Rating Reiterated by Jefferies Group

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).

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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