Vulcan Materials (NYSE:VMC) Downgraded by Atlantic Securities to Neutral

Atlantic Securities cut shares of Vulcan Materials (NYSE:VMCGet Rating) from an overweight rating to a neutral rating in a report released on Tuesday, The Fly reports. Atlantic Securities currently has $185.00 target price on the construction company’s stock, up from their previous target price of $180.00.

A number of other research analysts also recently commented on the company. Royal Bank of Canada raised Vulcan Materials from a sector perform rating to an outperform rating and increased their target price for the stock from $170.00 to $191.00 in a report on Friday, January 13th. Morgan Stanley reduced their target price on Vulcan Materials from $203.00 to $199.00 and set an equal weight rating on the stock in a report on Friday, January 20th. Raymond James cut their price target on Vulcan Materials from $197.00 to $186.00 and set an outperform rating on the stock in a report on Friday, November 4th. DA Davidson cut their price target on Vulcan Materials from $205.00 to $200.00 in a report on Wednesday, October 12th. Finally, Stifel Nicolaus raised their price target on Vulcan Materials from $215.00 to $227.00 and gave the stock a buy rating in a report on Monday, December 19th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Vulcan Materials currently has an average rating of Moderate Buy and a consensus target price of $200.58.

Vulcan Materials Trading Down 0.6 %

NYSE:VMC opened at $178.30 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 1.71 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $179.28 and its two-hundred day moving average is $169.10. Vulcan Materials has a 52 week low of $137.54 and a 52 week high of $193.31. The company has a market cap of $23.70 billion, a PE ratio of 40.07, a P/E/G ratio of 1.89 and a beta of 0.79.

Vulcan Materials (NYSE:VMCGet Rating) last released its earnings results on Wednesday, November 2nd. The construction company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. Vulcan Materials had a return on equity of 10.56% and a net margin of 8.26%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2 billion. On average, analysts predict that Vulcan Materials will post 5.34 EPS for the current year.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of Vulcan Materials stock in a transaction on Monday, December 5th. The stock was sold at an average price of $180.00, for a total transaction of $360,000.00. Following the sale, the senior vice president now owns 1,970 shares of the company’s stock, valued at approximately $354,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vulcan Materials

Several hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc increased its position in shares of Vulcan Materials by 39.6% during the 4th quarter. AdvisorNet Financial Inc now owns 194 shares of the construction company’s stock valued at $34,000 after purchasing an additional 55 shares during the period. Checchi Capital Advisers LLC increased its position in shares of Vulcan Materials by 5.0% during the 3rd quarter. Checchi Capital Advisers LLC now owns 1,297 shares of the construction company’s stock valued at $205,000 after purchasing an additional 62 shares during the period. Industrial Alliance Investment Management Inc. increased its position in shares of Vulcan Materials by 2.6% during the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 2,466 shares of the construction company’s stock valued at $350,000 after purchasing an additional 63 shares during the period. Financial Consulate Inc. increased its position in shares of Vulcan Materials by 3.4% during the 3rd quarter. Financial Consulate Inc. now owns 2,052 shares of the construction company’s stock valued at $324,000 after purchasing an additional 68 shares during the period. Finally, Rosenberg Matthew Hamilton increased its position in shares of Vulcan Materials by 19.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 427 shares of the construction company’s stock valued at $67,000 after purchasing an additional 69 shares during the period. 90.08% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Company Profile

(Get Rating)

Vulcan Materials Co engages in the provision of basic materials and supply for the infrastructure and construction industries. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.

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