Vulcan Materials Co. (VMC) Stock Rating Reaffirmed by DA Davidson
Vulcan Materials Co. (NYSE:VMC)‘s stock had its “hold” rating reaffirmed by DA Davidson in a report issued on Sunday. They presently have a $120.00 target price on the stock. DA Davidson’s price objective points to a potential upside of 12.71% from the stock’s current price.
A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Jefferies Group reiterated a “hold” rating on shares of Vulcan Materials in a research note on Wednesday, August 31st. Royal Bank Of Canada increased their price target on shares of Vulcan Materials from $127.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, July 12th. Bank of America Corp. reiterated a “buy” rating on shares of Vulcan Materials in a research note on Friday, June 17th. Finally, Argus reiterated a “buy” rating and issued a $129.00 price target on shares of Vulcan Materials in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $130.89.
Shares of Vulcan Materials (NYSE:VMC) opened at 106.47 on Friday. Vulcan Materials has a 1-year low of $78.83 and a 1-year high of $127.20. The company has a 50-day moving average of $112.77 and a 200-day moving average of $114.84. The company has a market cap of $14.17 billion, a PE ratio of 40.62 and a beta of 1.19.
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Vulcan Materials (NYSE:VMC) last released its earnings results on Monday, August 1st. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by $0.10. The business earned $956.80 million during the quarter, compared to the consensus estimate of $1.01 billion. Vulcan Materials had a net margin of 9.85% and a return on equity of 8.74%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. Equities analysts forecast that Vulcan Materials will post $3.23 EPS for the current year.
In other Vulcan Materials news, insider Stanley G. Bass sold 829 shares of Vulcan Materials stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $121.07, for a total value of $100,367.03. Following the completion of the sale, the insider now owns 15,185 shares in the company, valued at approximately $1,838,447.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David B. Pasley sold 280 shares of Vulcan Materials stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $117.55, for a total transaction of $32,914.00. Following the completion of the sale, the insider now owns 2,470 shares of the company’s stock, valued at approximately $290,348.50. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Financial Architects Inc boosted its stake in shares of Vulcan Materials by 1,268.9% in the second quarter. Financial Architects Inc now owns 1,013 shares of the company’s stock valued at $122,000 after buying an additional 939 shares during the period. Tredje AP fonden boosted its stake in shares of Vulcan Materials by 173.9% in the second quarter. Tredje AP fonden now owns 1,260 shares of the company’s stock valued at $152,000 after buying an additional 800 shares during the period. Thompson Davis & CO. Inc. boosted its stake in shares of Vulcan Materials by 3,155.6% in the second quarter. Thompson Davis & CO. Inc. now owns 1,465 shares of the company’s stock valued at $176,000 after buying an additional 1,420 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Vulcan Materials by 179.9% in the second quarter. Sunbelt Securities Inc. now owns 1,531 shares of the company’s stock valued at $184,000 after buying an additional 984 shares during the period. Finally, Baird Financial Group Inc. acquired a new stake in shares of Vulcan Materials during the second quarter valued at $200,000. Institutional investors and hedge funds own 86.71% 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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