Vulcan Materials (NYSE:VMC) – Investment analysts at Jefferies Group boosted their Q1 2018 earnings per share estimates for shares of Vulcan Materials in a note issued to investors on Wednesday. Jefferies Group analyst P. Ng now forecasts that the construction company will earn $0.45 per share for the quarter, up from their previous forecast of $0.41. Jefferies Group has a “Hold” rating and a $135.00 price objective on the stock. Jefferies Group also issued estimates for Vulcan Materials’ Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.56 EPS, Q4 2018 earnings at $1.09 EPS and FY2018 earnings at $4.44 EPS.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. Vulcan Materials’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share.

Other equities research analysts also recently issued reports about the stock. Barclays assumed coverage on shares of Vulcan Materials in a report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 price objective on the stock. Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. Citigroup reaffirmed a “buy” rating and set a $140.00 price objective (down from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a report on Tuesday, October 10th. Finally, Stephens reaffirmed a “buy” rating and set a $158.00 price objective on shares of Vulcan Materials in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $143.00.

Shares of Vulcan Materials (VMC) opened at $134.58 on Thursday. The company has a market cap of $17,800.00, a PE ratio of 45.93, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87. Vulcan Materials has a fifty-two week low of $108.95 and a fifty-two week high of $136.82. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60.

In other news, insider Michael R. Mills sold 3,738 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total value of $502,985.28. Following the sale, the insider now directly owns 44,581 shares of the company’s stock, valued at $5,998,819.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael R. Mills sold 4,659 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $133.25, for a total transaction of $620,811.75. Following the completion of the sale, the insider now directly owns 45,351 shares in the company, valued at $6,043,020.75. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Sun Life Financial INC increased its position in shares of Vulcan Materials by 10,666.7% in the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after purchasing an additional 960 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of Vulcan Materials in the second quarter worth approximately $187,000. FCA Corp TX bought a new position in shares of Vulcan Materials in the third quarter worth approximately $215,000. WINTON GROUP Ltd bought a new position in shares of Vulcan Materials in the second quarter worth approximately $218,000. Finally, LMR Partners LLP bought a new position in shares of Vulcan Materials in the third quarter worth approximately $220,000. 89.04% of the stock is currently owned by hedge funds and other institutional investors.

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Vulcan Materials Company Profile

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).

Earnings History and Estimates for Vulcan Materials (NYSE:VMC)

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