Stephens Reaffirms Buy Rating for Vulcan Materials (VMC)
Vulcan Materials (NYSE:VMC)‘s stock had its “buy” rating reissued by analysts at Stephens in a report released on Wednesday. They currently have a $158.00 price objective on the construction company’s stock. Stephens’ price target points to a potential upside of 19.81% from the company’s current price.
A number of other analysts have also commented on the company. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. SunTrust Banks set a $145.00 price target on Vulcan Materials and gave the stock a “buy” rating in a report on Saturday, December 16th. Barclays started coverage on Vulcan Materials in a report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 price target on the stock. Jefferies Group reiterated a “hold” rating and set a $122.00 price target on shares of Vulcan Materials in a report on Friday, October 13th. Finally, Bank of America dropped their price target on Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. 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 stock. Vulcan Materials has a consensus rating of “Buy” and a consensus price target of $142.13.
Vulcan Materials (NYSE:VMC) traded up $3.50 during mid-day trading on Wednesday, hitting $131.87. The stock had a trading volume of 1,869,600 shares, compared to its average volume of 1,418,600. Vulcan Materials has a 52 week low of $108.95 and a 52 week high of $136.82. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $17,710.00, a price-to-earnings ratio of 45.01, a PEG ratio of 1.91 and a beta of 0.87.
A number of large investors have recently added to or reduced their stakes in VMC. Janus Henderson Group PLC increased its position in Vulcan Materials by 4,985.8% in the second quarter. Janus Henderson Group PLC now owns 4,209,593 shares of the construction company’s stock worth $533,271,000 after buying an additional 4,126,822 shares during the last quarter. Third Point LLC purchased a new stake in Vulcan Materials in the second quarter worth $202,688,000. Point72 Asset Management L.P. grew its position in shares of Vulcan Materials by 116.5% in the third quarter. Point72 Asset Management L.P. now owns 1,038,752 shares of the construction company’s stock valued at $124,235,000 after purchasing an additional 558,900 shares in the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new position in shares of Vulcan Materials in the second quarter valued at $58,623,000. Finally, CI Investments Inc. purchased a new position in shares of Vulcan Materials in the third quarter valued at $55,271,000. 89.02% of the stock is owned by institutional investors and hedge funds.
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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