In today’s session Vulcan Materials Company (VMC) registered an unusually high (1,066) 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 1,066 contracts traded and 9384 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: VMC161118C00115000 closed last at: $4.3 or 75.5% up. About 331,031 shares traded hands. Vulcan Materials Company (NYSE:VMC) has risen 10.60% since April 5, 2016 and is uptrending. It has outperformed by 8.64% the S&P500.
Vulcan Materials Company (NYSE:VMC) Ratings Coverage
Out of 9 analysts covering Vulcan Materials Company (NYSE:VMC), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. $146 is the highest target while $96 is the lowest. The $120.63 average target is 1.21% above today’s ($119.19) stock price. Vulcan Materials Company has been the topic of 16 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Wednesday, June 8 the stock rating was maintained by Goldman Sachs with “Buy”. The stock of Vulcan Materials Company (NYSE:VMC) earned “Buy” rating by BB&T Capital on Wednesday, May 4. Suntrust Robinson upgraded the shares of VMC in a report on Wednesday, October 26 to “Buy” rating. Alembic initiated it with “Neutral” rating and $125 target price in Thursday, June 9 report. The firm has “Buy” rating given on Thursday, November 19 by Argus Research. The firm has “Buy” rating by Argus Research given on Friday, August 14. The firm has “Buy” rating by SunTrust given on Wednesday, October 26. The firm earned “Outperform” rating on Friday, February 5 by RBC Capital Markets. The stock has “Buy” rating given by Stifel Nicolaus on Monday, May 16. On Monday, August 17 the stock rating was upgraded by DA Davidson to “Neutral”.
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 Q2 2016. Its up 0.03, from 1.15 in 2016Q1. The ratio improved, 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.
Kingfisher Cap Ltd Liability accumulated 15,408 shares or 0% of the stock. Princeton Cap Mngmt Inc last reported 1.05% of its portfolio in the stock. Cibc Asset Mgmt Inc has invested 0.01% of its portfolio in Vulcan Materials Company (NYSE:VMC). Blackrock Japan reported 164,760 shares or 0.07% of all its holdings. Cornerstone Mgmt Holdg Lc holds 28,569 shares or 0.03% of its portfolio. Caxton Assoc L P last reported 0.99% of its portfolio in the stock. Blackrock Advsrs Limited Liability Corporation has invested 0.02% of its portfolio in Vulcan Materials Company (NYSE:VMC). Macquarie last reported 0% of its portfolio in the stock. Gam Ag accumulated 18,141 shares or 0.03% of the stock. The New York-based Burnham Asset Mngmt Ny has invested 0.15% in Vulcan Materials Company (NYSE:VMC). Sii Invests Wi has 2,291 shares for 0.02% of their US portfolio. Sumitomo Mitsui Asset has 10,152 shares for 0.04% of their US portfolio. Mutual Of America Ltd Liability reported 20,206 shares or 0.05% of all its holdings. Utd Advisers Limited Co holds 0.01% of its portfolio in Vulcan Materials Company (NYSE:VMC) for 7,866 shares. Next Century Growth Invsts Ltd Co has invested 0.2% of its portfolio 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 $15.99 billion. The Firm has four divisions organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. It has a 42.05 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.
More news for Vulcan Materials Company (NYSE:VMC) were recently published by: Prnewswire.com, which released: “Vulcan Materials To Webcast 2016 Aggregates Day” on September 26, 2016. Prnewswire.com‘s article titled: “Vulcan Announces Third Quarter Conference Call” and published on October 19, 2016 is yet another important article.
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