Vulcan Materials Company (VMC) is Initiated by Alembic Global Advisors to Neutral, Price Target at $125

Vulcan Materials Company (VMC) was Initiated by Alembic Global Advisors to “Neutral” and the brokerage firm has set the Price Target at $125. Alembic Global Advisors advised their investors in a research report released on Jun 9, 2016.

Many Wall Street Analysts have commented on Vulcan Materials Company. Company shares were Reiterated by Stifel on May 16, 2016 to “Buy”, Firm has raised the Price Target to $ 131 from a previous price target of $123 .Company shares were Reiterated by RBC Capital Mkts on May 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 127 from a previous price target of $114 .

On the company’s financial health, Vulcan Materials Company reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.07. The company had revenue of $754.70 million for the quarter, compared to analysts expectations of $702.14 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.16 EPS.

Vulcan Materials Company opened for trading at $116.35 and hit $117.85 on the upside on Tuesday, eventually ending the session at $117.07, with a gain of 0.58% or 0.68 points. The heightened volatility saw the trading volume jump to 4,98,637 shares. Company has a market cap of $15,592 M.

In a different news, on Mar 14, 2016, David B. Pasley (President – Mountain West Div) sold 200 shares at $103.27 per share price. According to the SEC, on Nov 10, 2015, David J Grayson (President, Southeast Division) sold 3,614 shares at $100.58 per share price. On Aug 26, 2015, Jason P Teter (President, S&GC Division) purchased 560 shares at $89.46 per share price, according to the Form-4 filing with the securities and exchange commission.

Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates 335 aggregates facilities. The Company has four segments organized around its principal product lines: Aggregates Concrete Asphalt Mix 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). The Company produces and sells ready-mixed concrete in Georgia Maryland New Mexico Texas Virginia Washington D.C. and the Bahamas. The Company produces and sells asphalt mix in Arizona California New Mexico and Texas. The Company’s Calcium segment operates a quarry at Brooksville Florida which provides feedstock for the ground calcium operation.

Vulcan Materials Company

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