Stock Buzzer: Could Vulcan Materials Company Change Direction After Touching 52-Week High?

Stock Buzzer: Could Vulcan Materials Company Change Direction After Touching 52 Week High?

The stock of Vulcan Materials Company (NYSE:VMC) hit a new 52-week high and has $199.00 target or 51.00% above today’s $131.79 share price. The 9 months bullish chart indicates low risk for the $17.63B company. The 1-year high was reported on Nov, 9 by If the $199.00 price target is reached, the company will be worth $8.99 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.41 million shares traded hands or 160.31% up from the average. Vulcan Materials Company (NYSE:VMC) has risen 13.11% since April 7, 2016 and is uptrending. It has outperformed by 8.33% 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. Vulcan Materials Company has been the topic of 16 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Wednesday, October 26, the company rating was upgraded by SunTrust. The company was maintained on Wednesday, June 8 by Goldman Sachs. On Friday, August 14 the stock rating was maintained by Argus Research with “Buy”. The rating was upgraded by DA Davidson to “Neutral” on Monday, August 17. The rating was upgraded by Suntrust Robinson on Wednesday, October 26 to “Buy”. The stock of Vulcan Materials Company (NYSE:VMC) earned “Buy” rating by Stifel Nicolaus on Monday, May 16. The rating was maintained by RBC Capital Markets on Friday, February 5 with “Outperform”. The stock of Vulcan Materials Company (NYSE:VMC) has “Outperform” rating given on Wednesday, August 5 by RBC Capital Markets. The stock has “Neutral” rating given by Alembic on Thursday, June 9. The rating was maintained by BB&T Capital on Wednesday, May 4 with “Buy”.

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 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.
Amalgamated Bank & Trust has 11,446 shares for 0.08% of their US portfolio. Texas Permanent School Fund, a Texas-based fund reported 43,211 shares. Clearbridge Investments Ltd last reported 0% of its portfolio in the stock. Meiji Yasuda Asset Management Limited holds 4,125 shares or 0.07% of its portfolio. Amici Capital Ltd has 143,245 shares for 3.24% of their US portfolio. Gilder Gagnon Howe And Llc holds 0% or 1,238 shares in its portfolio. The New York-based Alliancebernstein L P has invested 0.02% in Vulcan Materials Company (NYSE:VMC). Mai Capital Mgmt accumulated 9,254 shares or 0.09% of the stock. The Massachusetts-based Winslow Evans & Crocker Incorporated has invested 0% in Vulcan Materials Company (NYSE:VMC). Mckinley Mgmt Lc Delaware last reported 60 shares in the company. Natl Registered Advisor Inc last reported 0.12% of its portfolio in the stock. Teachers Advisors has invested 0.03% of its portfolio in Vulcan Materials Company (NYSE:VMC). The Florida-based Madden Advisory Serv has invested 0.18% in Vulcan Materials Company (NYSE:VMC). Cleararc Cap owns 28,820 shares or 0.67% of their US portfolio. Canada Pension Plan Inv Board owns 235,377 shares or 0.11% of their US portfolio.

Another recent and important Vulcan Materials Company (NYSE:VMC) news was published by which published an article titled: “Vulcan Announces Third Quarter Conference Call” on October 19, 2016.

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.

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