Vulcan Materials (NYSE:VMC) – Analysts at Jefferies Group upped their FY2019 earnings per share estimates for shares of Vulcan Materials in a research report issued on Wednesday. Jefferies Group analyst P. Ng now expects that the construction company will earn $5.51 per share for the year, up from their previous forecast of $5.02. Jefferies Group has a “Hold” rating and a $135.00 price objective on the stock.
VMC has been the subject of a number of other reports. Bank of America decreased their price target on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Thursday, October 19th. Citigroup restated a “buy” rating and set a $144.00 price target on shares of Vulcan Materials in a report on Tuesday, December 26th. SunTrust Banks set a $145.00 price target on shares of Vulcan Materials and gave the company a “buy” rating in a report on Saturday, December 16th. Zacks Investment Research cut shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Saturday, January 6th. Finally, Stephens restated a “buy” rating and set a $158.00 price target on shares of Vulcan Materials in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $143.00.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $1.01 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis.
In related news, insider Michael R. Mills sold 4,659 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the completion of the sale, the insider now owns 45,351 shares in the company, valued at $6,043,020.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $502,985.28. Following the completion of the sale, the insider now owns 44,581 shares of the company’s stock, valued at approximately $5,998,819.36. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sun Life Financial INC lifted its stake 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 valued at $123,000 after buying an additional 960 shares during the period. Schroder Investment Management Group bought a new stake in shares of Vulcan Materials in the second quarter valued at about $187,000. WINTON GROUP Ltd bought a new stake in shares of Vulcan Materials in the second quarter valued at about $218,000. FCA Corp TX bought a new stake in shares of Vulcan Materials in the third quarter valued at about $215,000. Finally, LMR Partners LLP bought a new stake in shares of Vulcan Materials in the third quarter valued at about $220,000. Institutional investors and hedge funds own 89.04% of the company’s stock.
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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).
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