Vulcan Materials (VMC) Given Daily Coverage Optimism Score of 0.17
Media headlines about Vulcan Materials (NYSE:VMC) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Vulcan Materials earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 45.8656601569118 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Draft of Trump’s Infrastructure Plan Conforms to Expectations – Barron’s (barrons.com)
- Vulcan Materials Company (VMC) In Eyes of Institutional Ownership Analysis: Motorola Solutions, Inc. (MSI) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Vulcan Materials Company (NYSE:VMC) – Market Cap to Track – Nasdaq Journal (nasdaqjournal.com)
- Consensus Estimates and Trading Data for Vulcan Materials Company (VMC) – Market Movers (financialqz.com)
- Vulcan Materials (VMC) Lifted to “Hold” at Zacks Investment Research (americanbankingnews.com)
Several equities analysts have issued reports on VMC shares. Citigroup restated a “buy” rating and issued a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. Royal Bank of Canada restated a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials in a research note on Tuesday, October 10th. Jefferies Group restated a “hold” rating and issued a $122.00 price objective on shares of Vulcan Materials in a research note on Friday, October 13th. Bank of America decreased their target price 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. Finally, Zacks Investment Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $143.00.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.36). The firm had revenue of $1.09 billion for 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%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 earnings per share. sell-side analysts forecast that Vulcan Materials will post 3.01 earnings per share for the current fiscal year.
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 transaction of $620,811.75. Following the completion of the transaction, the insider now directly owns 45,351 shares of the company’s stock, valued at $6,043,020.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael R. Mills sold 3,738 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total transaction of $502,985.28. Following the transaction, the insider now directly owns 44,581 shares of the company’s stock, valued at $5,998,819.36. The disclosure for this sale can be found here. Corporate insiders own 0.89% 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).
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