Bank of America Raises Vulcan Materials (VMC) Price Target to $139.00

Vulcan Materials (NYSE:VMC) had its price objective raised by Bank of America from $129.00 to $139.00 in a research note issued to investors on Monday. They currently have a neutral rating on the construction company’s stock.

A number of other equities analysts also recently commented on VMC. Jefferies Group reiterated a hold rating and issued a $135.00 target price on shares of Vulcan Materials in a report on Wednesday, January 17th. Royal Bank of Canada restated a buy rating and set a $154.00 price objective on shares of Vulcan Materials in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Vulcan Materials from a strong sell rating to a hold rating in a report on Sunday, January 21st. Citigroup upped their price objective on shares of Vulcan Materials from $144.00 to $158.00 and gave the company a buy rating in a report on Thursday, January 25th. Finally, Stephens restated a buy rating and set a $158.00 price objective on shares of Vulcan Materials in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $146.13.

Vulcan Materials (NYSE VMC) opened at $125.20 on Monday. The company has a market cap of $17,329.27, a PE ratio of 44.11, a price-to-earnings-growth ratio of 1.92 and a beta of 0.84. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60. Vulcan Materials has a fifty-two week low of $108.95 and a fifty-two week high of $141.20.

In other news, 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 transaction, the insider now owns 44,581 shares in the company, valued at $5,998,819.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $620,811.75. Following the transaction, the insider now owns 45,351 shares in the company, valued at approximately $6,043,020.75. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of VMC. Thrivent Financial For Lutherans boosted its position in Vulcan Materials by 2.5% in the second quarter. Thrivent Financial For Lutherans now owns 5,000 shares of the construction company’s stock valued at $633,000 after buying an additional 120 shares during the last quarter. Nordea Investment Management AB boosted its position in Vulcan Materials by 3.7% in the second quarter. Nordea Investment Management AB now owns 4,988 shares of the construction company’s stock valued at $632,000 after buying an additional 176 shares during the last quarter. QS Investors LLC boosted its position in Vulcan Materials by 16.7% in the second quarter. QS Investors LLC now owns 5,985 shares of the construction company’s stock valued at $758,000 after buying an additional 857 shares during the last quarter. Sciencast Management LP purchased a new stake in Vulcan Materials in the second quarter valued at approximately $279,000. Finally, The Manufacturers Life Insurance Company boosted its position in Vulcan Materials by 10.9% in the second quarter. The Manufacturers Life Insurance Company now owns 148,213 shares of the construction company’s stock valued at $18,776,000 after buying an additional 14,593 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

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About Vulcan Materials

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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