What’s Vulcan Materials Company Upside After Today’s Bullish Options Activity?

 What's Vulcan Materials Company Upside After Today's Bullish Options Activity?

In today’s session Vulcan Materials Company (VMC) registered an unusually high (539) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious VMC increase. With 539 contracts traded and 4824 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: VMC161118C00110000 closed last at: $4 or 25% up. About 877,027 shares traded hands. Vulcan Materials Company (NYSE:VMC) has risen 5.80% since March 14, 2016 and is uptrending. It has outperformed by 0.19% 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 $171.95 million for 21.94 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. RBC Capital Markets maintained Vulcan Materials Company (NYSE:VMC) on Friday, February 5 with “Outperform” rating. Stifel Nicolaus maintained Vulcan Materials Company (NYSE:VMC) on Monday, May 16 with “Buy” rating. DA Davidson upgraded Vulcan Materials Company (NYSE:VMC) rating on Monday, August 17. DA Davidson has “Neutral” rating and $106 price target. As per Thursday, June 9, the company rating was initiated by Alembic. Argus Research maintained the shares of VMC in a report on Friday, August 14 with “Buy” rating. RBC Capital Markets maintained it with “Outperform” rating and $110 target price in Wednesday, August 5 report. The rating was maintained by Argus Research on Thursday, November 19 with “Buy”. The company was maintained on Wednesday, May 4 by BB&T Capital. Goldman Sachs maintained the shares of VMC in a report on Wednesday, June 8 with “Buy” rating.

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 is positive, 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.
Springbok Cap Mgmt Ltd Liability Company last reported 133 shares in the company. Sheets Smith Wealth Management accumulated 0.36% or 10,386 shares. Mark Asset holds 0.64% or 17,916 shares in its portfolio. Mitsubishi Ufj Secs, a Japan-based fund reported 490 shares. Moreover, Narwhal Cap Mngmt has 15.73% invested in Vulcan Materials Company (NYSE:VMC) for 416,080 shares. Moreover, Bnp Paribas Arbitrage has 0.02% invested in Vulcan Materials Company (NYSE:VMC) for 36,662 shares. The New York-based Millennium Management Ltd Limited Liability Company has invested 0.13% in Vulcan Materials Company (NYSE:VMC). Tokio Marine Asset Management Company Limited, a Japan-based fund reported 4,499 shares. Allianz Asset Management Ag, a Germany-based fund reported 730,175 shares. Loomis Sayles & L P has invested 0.17% of its portfolio in Vulcan Materials Company (NYSE:VMC). Babson Capital Ltd last reported 2,663 shares in the company. Century Incorporated, a Missouri-based fund reported 597,944 shares. Huntington Savings Bank reported 2,802 shares or 0.01% of all its holdings. The New York-based M&T Commercial Bank has invested 0.01% in Vulcan Materials Company (NYSE:VMC). The New York-based National Asset Management Incorporated has invested 0.1% in Vulcan Materials Company (NYSE:VMC).

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 $15.09 billion. The Firm has four divisions organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. It has a 41.49 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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