Vulcan Materials Company (NYSE:VMC) had its price objective increased by stock analysts at Jefferies Group LLC from $122.00 to $128.00 in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the construction company’s stock. Jefferies Group LLC’s target price indicates a potential upside of 1.24% from the stock’s previous close.

VMC has been the topic of several other research reports. BidaskClub lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a report on Tuesday, October 10th. Stephens upgraded shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $140.00 to $145.00 in a report on Thursday, August 3rd. Bank of America Corporation dropped their price objective on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Vulcan Materials currently has a consensus rating of “Hold” and a consensus price target of $140.00.

Vulcan Materials (VMC) traded up $5.41 during mid-day trading on Friday, reaching $126.43. 1,557,944 shares of the company traded hands, compared to its average volume of 1,196,305. The firm has a market cap of $16,437.81, a price-to-earnings ratio of 41.84 and a beta of 0.86.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.36). Vulcan Materials had a net margin of 10.20% and a return on equity of 8.77%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company posted $1.01 EPS. Vulcan Materials’s revenue for the quarter was up 8.6% on a year-over-year basis. sell-side analysts expect that Vulcan Materials will post 3.07 EPS for the current fiscal year.

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In other Vulcan Materials news, insider David B. Pasley sold 1,250 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $121.51, for a total value of $151,887.50. Following the completion of the sale, the insider now directly owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. 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 981 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the transaction, the insider now owns 23,871 shares in the company, valued at $2,806,036.05. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global X MANAGEMENT CO LLC boosted its stake in Vulcan Materials by 20.9% in the third quarter. Global X MANAGEMENT CO LLC now owns 7,222 shares of the construction company’s stock valued at $864,000 after acquiring an additional 1,247 shares during the last quarter. Jennison Associates LLC boosted its stake in Vulcan Materials by 2.2% in the third quarter. Jennison Associates LLC now owns 595,413 shares of the construction company’s stock valued at $71,211,000 after acquiring an additional 12,892 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in Vulcan Materials by 29.1% in the third quarter. Candriam Luxembourg S.C.A. now owns 72,900 shares of the construction company’s stock valued at $8,719,000 after acquiring an additional 16,428 shares during the last quarter. Pax World Management LLC boosted its stake in Vulcan Materials by 58.3% in the third quarter. Pax World Management LLC now owns 95,000 shares of the construction company’s stock valued at $11,362,000 after acquiring an additional 35,000 shares during the last quarter. Finally, Princeton Capital Management Inc. boosted its stake in Vulcan Materials by 16.7% in the third quarter. Princeton Capital Management Inc. now owns 13,657 shares of the construction company’s stock valued at $1,633,000 after acquiring an additional 1,954 shares during the last quarter. Hedge funds and other institutional investors own 86.79% of the company’s stock.

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).

Analyst Recommendations for Vulcan Materials (NYSE:VMC)

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