Vulcan Materials (VMC) Rating Increased to Hold at ValuEngine

Vulcan Materials (NYSE:VMC) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday.

Several other analysts have also recently commented on the company. Citigroup decreased their target price on Vulcan Materials from $130.00 to $128.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Nomura assumed coverage on Vulcan Materials in a report on Monday, October 29th. They set a “neutral” rating and a $100.00 target price on the stock. Barclays restated a “buy” rating and set a $132.00 target price on shares of Vulcan Materials in a report on Thursday, October 18th. Stephens set a $125.00 target price on Vulcan Materials and gave the stock a “buy” rating in a report on Wednesday, October 17th. Finally, Bank of America lowered Vulcan Materials from a “neutral” rating to an “underperform” rating and set a $103.00 price target on the stock. in a research note on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Vulcan Materials currently has a consensus rating of “Hold” and a consensus target price of $121.45.

Shares of VMC stock opened at $107.98 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.11 and a debt-to-equity ratio of 0.54. The firm has a market cap of $13.75 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. Vulcan Materials has a 52 week low of $82.52 and a 52 week high of $141.20.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, October 30th. The construction company reported $1.40 EPS for the quarter, hitting the consensus estimate of $1.40. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Vulcan Materials had a return on equity of 10.20% and a net margin of 16.84%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. As a group, equities analysts predict that Vulcan Materials will post 3.96 EPS for the current year.

In other news, Chairman J Thomas Hill purchased 1,955 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were acquired at an average price of $101.66 per share, with a total value of $198,745.30. Following the completion of the purchase, the chairman now directly owns 57,348 shares of the company’s stock, valued at approximately $5,829,997.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.89% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of VMC. Baldwin Investment Management LLC acquired a new position in Vulcan Materials in the second quarter valued at about $632,000. FDx Advisors Inc. acquired a new position in Vulcan Materials in the second quarter valued at about $263,000. Wolverine Asset Management LLC lifted its stake in Vulcan Materials by 55,740.3% in the second quarter. Wolverine Asset Management LLC now owns 40,205 shares of the construction company’s stock valued at $5,188,000 after buying an additional 40,133 shares during the period. Sei Investments Co. lifted its stake in Vulcan Materials by 45.4% in the second quarter. Sei Investments Co. now owns 163,762 shares of the construction company’s stock valued at $21,136,000 after buying an additional 51,168 shares during the period. Finally, Bridgeworth LLC lifted its stake in Vulcan Materials by 20.3% in the second quarter. Bridgeworth LLC now owns 3,575 shares of the construction company’s stock valued at $460,000 after buying an additional 603 shares during the period. 97.86% of the stock is currently owned by institutional investors and hedge funds.

About Vulcan Materials

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.

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Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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