Vulcan Materials Company (NYSE:VMC) – Stock analysts at Jefferies Group issued their Q3 2017 earnings per share (EPS) estimates for Vulcan Materials in a research note issued to investors on Wednesday. Jefferies Group analyst P. Ng anticipates that the construction company will post earnings per share of $0.82 for the quarter. Jefferies Group has a “Hold” rating and a $114.00 price target on the stock. Jefferies Group also issued estimates for Vulcan Materials’ Q4 2017 earnings at $0.76 EPS, FY2017 earnings at $2.82 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $1.12 EPS, Q3 2018 earnings at $1.20 EPS, Q4 2018 earnings at $1.00 EPS, FY2018 earnings at $3.62 EPS and FY2019 earnings at $4.69 EPS.
Several other brokerages also recently commented on VMC. Royal Bank Of Canada reiterated a “buy” rating and set a $154.00 price target on shares of Vulcan Materials in a report on Monday, June 19th. BidaskClub downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded Vulcan Materials from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $140.00 to $145.00 in a report on Thursday, August 3rd. Finally, Citigroup Inc. reiterated a “buy” rating and set a $140.00 price target (down previously from $145.00) on shares of Vulcan Materials in a report on Monday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Vulcan Materials presently has an average rating of “Hold” and a consensus target price of $137.83.
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Vulcan Materials (NYSE:VMC) opened at 117.79 on Friday. The stock has a market capitalization of $15.58 billion, a P/E ratio of 37.92 and a beta of 0.87. The stock has a 50 day moving average of $117.91 and a 200 day moving average of $122.34. Vulcan Materials has a 52 week low of $108.37 and a 52 week high of $138.18.
Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.32). The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. Vulcan Materials’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 earnings per share.
In other news, insider David B. Pasley sold 1,250 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $121.51, for a total value of $151,887.50. Following the sale, the insider now owns 2,857 shares in the company, valued at $347,154.07. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael R. Mills sold 981 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the sale, the insider now owns 23,871 shares in the company, valued at approximately $2,806,036.05. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Vulcan Materials by 2.7% in the second quarter. Vanguard Group Inc. now owns 13,385,889 shares of the construction company’s stock worth $1,695,724,000 after acquiring an additional 346,085 shares during the last quarter. BlackRock Inc. grew its stake in shares of Vulcan Materials by 2,909.7% in the first quarter. BlackRock Inc. now owns 8,067,195 shares of the construction company’s stock worth $971,936,000 after acquiring an additional 7,799,158 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Vulcan Materials by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 4,774,421 shares of the construction company’s stock worth $604,822,000 after acquiring an additional 127,405 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Vulcan Materials by 4,985.8% in the second quarter. Janus Henderson Group PLC now owns 4,209,593 shares of the construction company’s stock worth $533,271,000 after acquiring an additional 4,126,822 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Vulcan Materials by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 2,617,707 shares of the construction company’s stock worth $331,609,000 after acquiring an additional 58,520 shares during the last quarter. Institutional investors and hedge funds own 87.13% 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).
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