Jefferies Group Reiterates Hold Rating for Vulcan Materials (VMC)
Jefferies Group reiterated their hold rating on shares of Vulcan Materials (NYSE:VMC) in a research report released on Wednesday morning. Jefferies Group currently has a $135.00 price objective on the construction company’s stock. Jefferies Group also issued estimates for Vulcan Materials’ Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.56 EPS, Q4 2018 earnings at $1.09 EPS, FY2018 earnings at $4.44 EPS and FY2019 earnings at $5.51 EPS.
VMC has been the subject of several other research reports. Bank of America lowered their price objective on shares of Vulcan Materials from $130.00 to $128.00 and set a neutral rating for the company in a research note on Thursday, October 19th. Citigroup reissued a buy rating and issued a $144.00 price objective on shares of Vulcan Materials in a research note on Tuesday, December 26th. SunTrust Banks set a $145.00 price objective on shares of Vulcan Materials and gave the company a buy rating in a research note on Saturday, December 16th. Zacks Investment Research lowered shares of Vulcan Materials from a hold rating to a strong sell rating in a research note on Saturday, January 6th. Finally, Stephens reissued a buy rating and issued a $158.00 price objective on shares of Vulcan Materials in a research note on Wednesday, January 3rd. Two investment 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’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $143.00.
Vulcan Materials (VMC) opened at $135.03 on Wednesday. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 12 month low of $108.95 and a 12 month high of $137.65. The company has a market cap of $17,879.57, a P/E ratio of 47.21, a PEG ratio of 1.98 and a beta of 0.88.
In related news, insider Michael R. Mills sold 3,738 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total value of $502,985.28. Following the completion of the transaction, the insider now owns 44,581 shares in the company, valued at $5,998,819.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael R. Mills sold 4,659 shares of Vulcan Materials stock in a transaction that occurred on 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 transaction, the insider now owns 45,351 shares of the company’s stock, valued at approximately $6,043,020.75. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of VMC. Sun Life Financial INC lifted its stake 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 worth $123,000 after acquiring an additional 960 shares during the last quarter. Schroder Investment Management Group purchased a new position in Vulcan Materials in the second quarter worth approximately $187,000. FCA Corp TX purchased a new position in Vulcan Materials in the third quarter worth approximately $215,000. WINTON GROUP Ltd purchased a new position in Vulcan Materials in the second quarter worth approximately $218,000. Finally, LMR Partners LLP purchased a new position in Vulcan Materials in the third quarter worth approximately $220,000. Institutional investors 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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