Vulcan Materials Company Unusual Bullish Options Activity Means Profits for Traders

 Vulcan Materials Company Unusual Bullish Options Activity Means Profits for Traders

In today’s session Vulcan Materials Company (VMC) registered an unusually high (389) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious VMC increase. With 389 contracts traded and 3924 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: VMC161021C00115000 closed last at: $1.05 or 53.3% down. About 471,189 shares traded hands. Vulcan Materials Company (NYSE:VMC) has risen 8.41% since March 2, 2016 and is uptrending. It has outperformed by 0.15% the S&P500.

Analysts await Vulcan Materials Company (NYSE:VMC) to report earnings on November, 1. They expect $1.28 earnings per share, up 34.74% or $0.33 from last year’s $0.95 per share. VMC’s profit will be $170.57M for 21.49 P/E if the $1.28 EPS becomes a reality. After $0.90 actual earnings per share reported by Vulcan Materials Company for the previous quarter, Wall Street now forecasts 42.22% EPS growth.

Vulcan Materials Company (NYSE:VMC) Ratings Coverage

Out of 7 analysts covering Vulcan Materials Company (NYSE:VMC), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Vulcan Materials Company has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Alembic on Thursday, June 9. RBC Capital Markets maintained the shares of VMC in a report on Friday, February 5 with “Outperform” rating. The stock of Vulcan Materials Company (NYSE:VMC) earned “Buy” rating by Argus Research on Friday, August 14. The firm has “Buy” rating given on Wednesday, June 8 by Goldman Sachs. The firm has “Outperform” rating given on Wednesday, August 5 by RBC Capital Markets. The stock of Vulcan Materials Company (NYSE:VMC) has “Buy” rating given on Wednesday, May 4 by BB&T Capital. The stock of Vulcan Materials Company (NYSE:VMC) has “Neutral” rating given on Monday, August 17 by DA Davidson. The firm has “Buy” rating given on Thursday, November 19 by Argus Research. Stifel Nicolaus maintained Vulcan Materials Company (NYSE:VMC) rating on Monday, May 16. Stifel Nicolaus has “Buy” rating and $131 price target.

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.”

Insitutional Activity: The institutional sentiment increased to 1.18 in 2016 Q2. Its up 0.03, from 1.15 in 2016Q1. The ratio increased, as 35 funds sold all Vulcan Materials Company shares owned while 160 reduced positions. 63 funds bought stakes while 168 increased positions. They now own 112.91 million shares or 4.08% less from 117.72 million shares in 2016Q1.
Verity Asset Mgmt Incorporated, a North Carolina-based fund reported 6,671 shares. Bluestein R H has 265,757 shares for 2.45% of their US portfolio. Kingfisher Capital Ltd last reported 0% of its portfolio in the stock. Sii Wi has 2,291 shares for 0.02% of their US portfolio. Broadview Advisors Ltd Liability Com reported 186,200 shares or 3.35% of all its holdings. Allianz Asset Management Ag holds 0.05% of its portfolio in Vulcan Materials Company (NYSE:VMC) for 730,175 shares. New York State Teachers Retirement Sys accumulated 0.07% or 230,609 shares. Wellington Group Ltd Liability Partnership has invested 0.02% of its portfolio in Vulcan Materials Company (NYSE:VMC). Wheatland Advsr Incorporated has 3.5% invested in the company for 30,300 shares. Apg Asset Mngmt Nv reported 230,792 shares or 0.05% of all its holdings. Moreover, Adage Prtnrs Group Ltd has 0.11% invested in Vulcan Materials Company (NYSE:VMC) for 342,458 shares. Partner Fund Ltd Partnership last reported 173,008 shares in the company. Warren Averett Asset Mngmt Ltd Llc holds 0.12% or 2,174 shares in its portfolio. Partner Mngmt L P accumulated 0.58% or 2,964 shares. Sei Invs Company has 67,019 shares for 0.05% of their US portfolio.

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 $14.66 billion. The Firm has four divisions organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. It has a 40.64 P/E ratio. The Firm operates approximately 344 aggregates facilities.

VMC Company Profile

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.

Another recent and important Vulcan Materials Company (NYSE:VMC) news was published by Prnewswire.com which published an article titled: “Vulcan Materials To Webcast 2016 Aggregates Day” on September 26, 2016.

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