Vulcan Materials (NYSE:VMC) PT Raised to $165.00

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Vulcan Materials (NYSE:VMC) had its price objective upped by equities research analysts at Stifel Nicolaus from $145.00 to $165.00 in a research note issued on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 9.78% from the stock’s current price.

Other analysts also recently issued research reports about the stock. SunTrust Banks lifted their target price on shares of Vulcan Materials to $145.00 and gave the company a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada set a $142.00 target price on shares of Vulcan Materials and gave the company a “buy” rating in a report on Friday, July 26th. Argus set a $152.00 target price on shares of Vulcan Materials and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of Vulcan Materials from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Finally, Barclays lifted their target price on shares of Vulcan Materials from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Vulcan Materials presently has a consensus rating of “Buy” and a consensus target price of $143.00.

Vulcan Materials stock opened at $150.30 on Wednesday. Vulcan Materials has a fifty-two week low of $82.52 and a fifty-two week high of $151.23. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 1.89. The firm has a 50 day moving average price of $141.80 and a 200 day moving average price of $130.56. The company has a market capitalization of $19.26 billion, a PE ratio of 37.11, a price-to-earnings-growth ratio of 1.72 and a beta of 0.93.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, July 25th. The construction company reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.03. Vulcan Materials had a net margin of 12.12% and a return on equity of 11.07%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm earned $1.23 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities research analysts forecast that Vulcan Materials will post 4.84 earnings per share for the current year.

In related news, insider Stanley G. Bass sold 2,406 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $141.94, for a total transaction of $341,507.64. Following the completion of the transaction, the insider now owns 35,263 shares in the company, valued at $5,005,230.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stanley G. Bass sold 6,207 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $135.80, for a total transaction of $842,910.60. Following the transaction, the insider now owns 53,813 shares of the company’s stock, valued at approximately $7,307,805.40. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Patten & Patten Inc. TN grew its stake in shares of Vulcan Materials by 0.9% during the second quarter. Patten & Patten Inc. TN now owns 8,579 shares of the construction company’s stock worth $1,178,000 after purchasing an additional 75 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Vulcan Materials by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,757 shares of the construction company’s stock worth $1,889,000 after purchasing an additional 82 shares in the last quarter. Veritable L.P. grew its stake in shares of Vulcan Materials by 3.8% during the second quarter. Veritable L.P. now owns 2,261 shares of the construction company’s stock worth $310,000 after purchasing an additional 82 shares in the last quarter. World Asset Management Inc grew its stake in shares of Vulcan Materials by 1.0% during the second quarter. World Asset Management Inc now owns 9,209 shares of the construction company’s stock worth $1,264,000 after purchasing an additional 90 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Vulcan Materials by 1.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 5,380 shares of the construction company’s stock valued at $740,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

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.

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Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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