Zacks Investment Research lowered shares of Vulcan Materials (NYSE:VMC) from a hold rating to a strong sell rating in a research report released on Saturday, January 6th.
According to Zacks, “Vulcan Materials shares have underperformed its industry in the past one year. Estimates for 2018 moved south by 4.7% over the last 60 days, reflecting concerns for the stock's prospects. The company is susceptible to bad weather conditions as most of its products are used outdoors in the public or private construction industry. Inclement weather affects both the company’s ability to produce and distribute products and affects demand as construction work can be hampered by weather. In the third quarter of 2017, hurricanes Harvey and Irma had a major impact on Vulcan's operations and results. Aggregates shipments were lowered by at least 1.5 million tons during the quarter. Apart from the immediate impact of the storms, labor market disruptions, haul truck shortages and other logistical challenges continue to trouble.”
Other equities analysts have also issued reports about the stock. Stephens restated a buy rating and set a $158.00 target price on shares of Vulcan Materials in a research report on Wednesday, January 3rd. Citigroup restated a buy rating and set a $144.00 target price on shares of Vulcan Materials in a research 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 research report on Saturday, December 16th. Royal Bank of Canada restated a buy rating and set a $154.00 target price on shares of Vulcan Materials in a research report on Tuesday, October 10th. Finally, Jefferies Group restated a hold rating and set a $122.00 target price on shares of Vulcan Materials in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $142.13.
Vulcan Materials (NYSE VMC) traded down $1.21 during mid-day trading on Friday, reaching $133.97. 915,860 shares of the company’s stock were exchanged, compared to its average volume of 1,330,000. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 12 month low of $108.95 and a 12 month high of $136.82. The firm has a market capitalization of $17,720.00, a PE ratio of 45.72, a P/E/G ratio of 2.01 and a beta of 0.87.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.36). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 EPS. equities analysts predict that Vulcan Materials will post 3.01 EPS for the current year.
In related news, insider Michael R. Mills sold 4,659 shares of Vulcan Materials stock in a transaction on Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the transaction, the insider now directly owns 45,351 shares in the company, valued at approximately $6,043,020.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.89% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Trust Co purchased a new stake in shares of Vulcan Materials during the 3rd quarter worth $283,000. Parametric Portfolio Associates LLC boosted its position in shares of Vulcan Materials by 13.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 227,542 shares of the construction company’s stock worth $27,214,000 after purchasing an additional 26,581 shares in the last quarter. AXA boosted its position in shares of Vulcan Materials by 46.3% during the 3rd quarter. AXA now owns 46,657 shares of the construction company’s stock worth $5,580,000 after purchasing an additional 14,759 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Vulcan Materials during the 3rd quarter worth $232,000. Finally, IFM Investors Pty Ltd purchased a new stake in shares of Vulcan Materials during the 3rd quarter worth $475,000. Institutional investors own 89.02% of the company’s stock.
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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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