November 29, 2016 - By Dolores Ford · 0 Comments
Legacy Vulcan Corp (NYSE:VMC) institutional sentiment decreased to 1.11 in Q2 2016. Its down -0.07, from 1.18 in 2016Q1. The ratio fall, as 231 investment managers opened new or increased stock positions, while 195 sold and decreased their positions in Legacy Vulcan Corp. The investment managers in our partner’s database now own: 112.91 million shares, down from 117.72 million shares in 2016Q1. Also, the number of investment managers holding Legacy Vulcan Corp in their top 10 stock positions increased from 11 to 14 for an increase of 3. Sold All: 35 Reduced: 160 Increased: 168 New Position: 63.
Vulcan Materials Company is a producer of construction aggregates and a producer of asphalt mix and ready-mixed concrete. The company has a market cap of $15.71 billion. The Firm has four divisions organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. It has a 44.4 P/E ratio. The Firm operates approximately 344 aggregates facilities.
About 230,467 shares traded hands. Vulcan Materials Company (NYSE:VMC) has risen 14.08% since April 26, 2016 and is uptrending. It has outperformed by 8.82% the S&P500.
Analysts await Vulcan Materials Company (NYSE:VMC) to report earnings on February, 2. They expect $0.83 earnings per share, up 12.16% or $0.09 from last year’s $0.74 per share. VMC’s profit will be $103.62 million for 37.90 P/E if the $0.83 EPS becomes a reality. After $1.01 actual earnings per share reported by Vulcan Materials Company for the previous quarter, Wall Street now forecasts -17.82% negative EPS growth.
According to Zacks Investment Research, “Vulcan Materials Company, a member of the S&P 500 Index, is the nation’s largest producer of construction aggregates, a major producer of asphalt mix and concrete, and a leading producer of cement in Florida.”
Narwhal Capital Management holds 15.73% of its portfolio in Vulcan Materials Company for 416,080 shares. Longbow Capital Partners L.P. owns 5,022 shares or 13.46% of their US portfolio. Moreover, Theleme Partners Llp has 12.36% invested in the company for 1.37 million shares. The North Carolina-based Chapter Iv Investors Llc has invested 11.01% in the stock. Capital Growth Management Lp, a Massachusetts-based fund reported 999,000 shares.#img1#
Ratings analysis reveals 70% of Vulcan Materials Company’s analysts are positive. Out of 10 Wall Street analysts rating Vulcan Materials Company, 7 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $96 while the high is $146. The stock’s average target of $120.63 is -4.14% below today’s ($125.84) share price. VMC was included in 17 notes of analysts from August 6, 2015. BB&T Capital maintained the stock with “Buy” rating in Wednesday, May 4 report. The firm has “Buy” rating by SunTrust given on Wednesday, October 26. On Monday, August 17 the stock rating was upgraded by DA Davidson to “Neutral”. RBC Capital Markets maintained Vulcan Materials Company (NYSE:VMC) rating on Wednesday, August 5. RBC Capital Markets has “Outperform” rating and $110 price target. The rating was downgraded by Bank of America on Wednesday, November 16 to “Neutral”. The stock of Vulcan Materials Company (NYSE:VMC) has “Neutral” rating given on Thursday, June 9 by Alembic. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, February 5. The stock of Vulcan Materials Company (NYSE:VMC) earned “Buy” rating by Argus Research on Friday, August 14. As per Wednesday, October 26, the company rating was upgraded by Suntrust Robinson. Argus Research maintained the stock with “Buy” rating in Thursday, November 19 report.
Vulcan Materials Company, incorporated on February 14, 2007, is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Firm has four divisions organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Firm operates approximately 344 aggregates facilities.
More recent Vulcan Materials Company (NYSE:VMC) news were published by: Al.com which released: “Vulcan Materials Co. reports income up 13 percent despite decrease in revenues” on November 02, 2016. Also Nasdaq.com published the news titled: “Vulcan Materials Company (VMC) Ex-Dividend Date Scheduled for November 21, 2016” on November 18, 2016. Prnewswire.com‘s news article titled: “Vulcan Materials To Webcast 2016 Aggregates Day” with publication date: September 26, 2016 was also an interesting one.
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By Dolores Ford