Equities Analysts Offer Predictions for Vulcan Materials’ FY2018 Earnings (VMC)

Vulcan Materials (NYSE:VMC) – Stock analysts at DA Davidson reduced their FY2018 earnings per share (EPS) estimates for shares of Vulcan Materials in a research report issued on Thursday, April 5th. DA Davidson analyst B. Thielman now expects that the construction company will earn $4.22 per share for the year, down from their prior forecast of $4.34.

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A number of other equities analysts also recently weighed in on VMC. Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. Barclays initiated coverage on shares of Vulcan Materials in a report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 price objective on the stock. SunTrust Banks set a $145.00 price objective on shares of Vulcan Materials and gave the company a “buy” rating in a report on Saturday, December 16th. Citigroup reaffirmed a “buy” rating and set a $144.00 price objective on shares of Vulcan Materials in a report on Tuesday, December 26th. Finally, Stephens reaffirmed a “buy” rating and set a $158.00 price objective on shares of Vulcan Materials in a report on Wednesday, January 3rd. One 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 stock. The company has an average rating of “Buy” and a consensus price target of $145.11.

Shares of NYSE:VMC opened at $113.56 on Monday. The company has a current ratio of 2.66, a quick ratio of 1.80 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $15,044.66, a P/E ratio of 37.36, a P/E/G ratio of 1.24 and a beta of 0.98. Vulcan Materials has a fifty-two week low of $109.96 and a fifty-two week high of $141.20.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Friday, February 16th. The construction company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. The company had revenue of $977.50 million for the quarter, compared to the consensus estimate of $929.36 million. Vulcan Materials had a net margin of 15.45% and a return on equity of 8.68%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS.

Several institutional investors and hedge funds have recently made changes to their positions in VMC. Dimensional Fund Advisors LP increased its position in shares of Vulcan Materials by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 897,658 shares of the construction company’s stock valued at $107,359,000 after buying an additional 3,048 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in shares of Vulcan Materials by 47.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 3,292 shares of the construction company’s stock valued at $394,000 after buying an additional 1,062 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Vulcan Materials by 6.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 17,910 shares of the construction company’s stock valued at $2,142,000 after buying an additional 1,073 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Vulcan Materials by 17.7% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 53,226 shares of the construction company’s stock valued at $6,366,000 after buying an additional 8,000 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Vulcan Materials by 38.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 5,075 shares of the construction company’s stock valued at $606,000 after buying an additional 1,414 shares during the period. Hedge funds and other institutional investors own 92.23% of the company’s stock.

In other Vulcan Materials news, insider Michael R. Mills sold 3,738 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total transaction of $502,985.28. Following the sale, the insider now directly owns 44,581 shares of the company’s stock, valued at $5,998,819.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.89% of the stock is owned by corporate insiders.

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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).

Earnings History and Estimates for Vulcan Materials (NYSE:VMC)

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