Vulcan Materials’ (VMC) Hold Rating Reaffirmed at Jefferies Group

Jefferies Group reiterated their hold rating on shares of Vulcan Materials (NYSE:VMC) in a report issued on Monday. The brokerage currently has a $129.00 target price on the construction company’s stock.

Several other analysts also recently issued reports on the company. Citigroup reissued a buy rating and issued a $144.00 price target on shares of Vulcan Materials in a report on Tuesday, December 26th. Zacks Investment Research raised Vulcan Materials from a hold rating to a buy rating and set a $145.00 price target on the stock in a report on Wednesday, February 14th. Bank of America raised their price target on Vulcan Materials from $129.00 to $139.00 and gave the stock a neutral rating in a report on Monday, February 5th. Finally, Stephens reissued a buy rating and issued a $158.00 price target on shares of Vulcan Materials in a report on Wednesday, January 3rd. One equities 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 company. The company currently has an average rating of Buy and a consensus price target of $142.11.

NYSE:VMC opened at $113.80 on Monday. The company has a market cap of $15,069.87, a price-to-earnings ratio of 37.43, a PEG ratio of 1.25 and a beta of 0.98. Vulcan Materials has a 52 week low of $109.96 and a 52 week high of $141.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.80 and a current ratio of 2.66.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Friday, February 16th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $977.50 million for the quarter, compared to the consensus estimate of $929.36 million. Vulcan Materials had a return on equity of 8.68% and a net margin of 15.45%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. research analysts forecast that Vulcan Materials will post 4.35 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cerebellum GP LLC acquired a new stake in Vulcan Materials in the 4th quarter valued at approximately $133,000. Tower Research Capital LLC TRC increased its position in Vulcan Materials by 1,140.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,451 shares of the construction company’s stock valued at $187,000 after acquiring an additional 1,334 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Vulcan Materials in the 4th quarter valued at approximately $200,000. Dorsey & Whitney Trust CO LLC acquired a new stake in Vulcan Materials in the 4th quarter valued at approximately $205,000. Finally, Cetera Advisor Networks LLC acquired a new stake in Vulcan Materials in the 4th quarter valued at approximately $208,000. Hedge funds and other institutional investors own 92.27% of the company’s stock.

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Vulcan Materials Company Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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