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.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the business posted $1.01 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. sell-side analysts expect that Vulcan Materials will post 3.01 EPS for the current year.

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).

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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