Vulcan Materials (NYSE:VMC)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group in a report issued on Wednesday. They currently have a $135.00 price target on the construction company’s stock. Jefferies Group’s price objective suggests a potential upside of 0.31% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Saturday, January 6th. Stephens reaffirmed a “buy” rating and set a $158.00 target price on shares of Vulcan Materials in a report on Wednesday, January 3rd. Citigroup reaffirmed a “buy” rating and set a $144.00 target price on shares of Vulcan Materials in a report on Tuesday, December 26th. SunTrust Banks set a $145.00 target price on shares of Vulcan Materials and gave the stock a “buy” rating in a report on Saturday, December 16th. Finally, Barclays assumed coverage on shares of Vulcan Materials in a report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Vulcan Materials currently has an average rating of “Hold” and a consensus price target of $143.00.
Vulcan Materials (NYSE:VMC) traded up $0.89 during trading hours on Wednesday, reaching $134.58. 698,197 shares of the company’s stock were exchanged, compared to its average volume of 1,320,000. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34. The firm has a market capitalization of $17,800.00, a PE ratio of 45.93, a PEG ratio of 1.99 and a beta of 0.87. Vulcan Materials has a 52 week low of $108.95 and a 52 week high of $136.82.
In related news, insider Michael R. Mills sold 4,659 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the completion of the sale, the insider now owns 45,351 shares of the company’s stock, valued at $6,043,020.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the insider now directly owns 44,581 shares of the company’s stock, valued at approximately $5,998,819.36. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sun Life Financial INC boosted its stake in Vulcan Materials by 10,666.7% during the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after buying an additional 960 shares during the period. Schroder Investment Management Group purchased a new position in Vulcan Materials during the second quarter worth about $187,000. WINTON GROUP Ltd purchased a new position in Vulcan Materials during the second quarter worth about $218,000. FCA Corp TX purchased a new position in Vulcan Materials during the third quarter worth about $215,000. Finally, LMR Partners LLP purchased a new position in Vulcan Materials during the third quarter worth about $220,000. 89.04% of the stock is owned by hedge funds and other institutional investors.
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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).
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