Stephens Reiterates Buy Rating for Vulcan Materials (VMC)

Vulcan Materials (NYSE:VMC)‘s stock had its “buy” rating reissued by equities researchers at Stephens in a report issued on Wednesday. They currently have a $158.00 price objective on the construction company’s stock. Stephens’ target price suggests a potential upside of 19.81% from the stock’s current price.

Several other research firms have also recently issued reports on VMC. Jefferies Group raised their target price on shares of Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Citigroup reissued a “buy” rating and issued a $140.00 target price (down from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. Bank of America decreased their target price on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Thursday, October 19th. Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $154.00 target price on shares of Vulcan Materials in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $142.13.

Vulcan Materials (NYSE VMC) traded up $3.50 during trading on Wednesday, hitting $131.87. 1,869,600 shares of the company’s stock traded hands, compared to its average volume of 1,418,600. Vulcan Materials has a one year low of $108.95 and a one year high of $136.82. The firm has a market cap of $17,710.00, a PE ratio of 45.01, a P/E/G ratio of 1.91 and a beta of 0.87. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34.

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 Thomson Reuters’ consensus estimate of $1.40 by ($0.36). Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business earned $1.01 earnings per share. Vulcan Materials’s revenue for the quarter was up 8.6% on a year-over-year basis. equities research analysts predict that Vulcan Materials will post 3.01 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of VMC. Sun Life Financial INC raised its holdings in 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 purchased a new position in Vulcan Materials in the second quarter valued at approximately $187,000. FCA Corp TX purchased a new position in Vulcan Materials in the third quarter valued at approximately $215,000. WINTON GROUP Ltd purchased a new position in Vulcan Materials in the second quarter valued at approximately $218,000. Finally, LMR Partners LLP purchased a new position in Vulcan Materials in the third quarter valued at approximately $220,000. Hedge funds and other institutional investors own 89.02% of the company’s stock.

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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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