Vulcan Materials Company’s Trend Up, Especially After This Options Activity

 Vulcan Materials Company's Trend Up, Especially After This Options Activity

In today’s session Vulcan Materials Company (VMC) registered an unusually high (374) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious VMC increase. With 374 contracts traded and 784 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: VMC161216C00140000 closed last at: $1.1 or 50% down. About 376,523 shares traded hands. Vulcan Materials Company (NYSE:VMC) has risen 20.17% since April 18, 2016 and is uptrending. It has outperformed by 15.74% the S&P500.

Vulcan Materials Company (NYSE:VMC) Ratings Coverage

Out of 10 analysts covering Vulcan Materials Company (NYSE:VMC), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. Vulcan Materials Company has been the topic of 17 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Wednesday, October 26 the stock rating was upgraded by SunTrust to “Buy”. DA Davidson upgraded Vulcan Materials Company (NYSE:VMC) rating on Monday, August 17. DA Davidson has “Neutral” rating and $106 price target. The firm has “Outperform” rating given on Wednesday, August 5 by RBC Capital Markets. Argus Research maintained the stock with “Buy” rating in Thursday, November 19 report. The firm earned “Buy” rating on Wednesday, October 26 by Suntrust Robinson. As per Wednesday, June 8, the company rating was maintained by Goldman Sachs. BB&T Capital maintained the shares of VMC in a report on Wednesday, May 4 with “Buy” rating. On Thursday, June 9 the stock rating was initiated by Alembic with “Neutral”. Stifel Nicolaus maintained it with “Buy” rating and $131 target price in Monday, May 16 report. The rating was downgraded by Bank of America to “Neutral” on Wednesday, November 16.

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 decreased to 1.11 in Q2 2016. Its down 0.07, from 1.18 in 2016Q1. The ratio worsened, 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.
Highland Cap Management Ltd Partnership holds 0.46% of its portfolio in Vulcan Materials Company (NYSE:VMC) for 93,003 shares. Patten And Patten Tn has 0.12% invested in the company for 7,089 shares. Wolverine Asset Ltd Liability Co, a Illinois-based fund reported 15,000 shares. Moreover, Verity Asset Mgmt has 0.79% invested in Vulcan Materials Company (NYSE:VMC) for 6,671 shares. The Massachusetts-based Babson Cap Mngmt Lc has invested 0.01% in Vulcan Materials Company (NYSE:VMC). Neuberger Berman Grp Incorporated Ltd Liability Corp has 2,480 shares for 0% of their US portfolio. Utah Retirement reported 24,260 shares or 0.08% of all its holdings. Lawson Kroeker Inv Mgmt Ne accumulated 48,337 shares or 1.93% of the stock. Davis R M Incorporated owns 14,560 shares or 0.09% of their US portfolio. Blackrock Advisors Ltd holds 0.02% or 130,919 shares in its portfolio. Regions Fincl last reported 624,812 shares in the company. Thompson Davis & Com Incorporated has 1,465 shares for 0.28% of their US portfolio. Gotham Asset Management Limited Liability holds 0.02% or 11,113 shares in its portfolio. Bokf Na has invested 0.02% of its portfolio in Vulcan Materials Company (NYSE:VMC). Blackrock has invested 0.05% 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 $17.08 billion. The Firm has four divisions organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. It has a 45.69 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 recent Vulcan Materials Company (NYSE:VMC) news were published by: Nasdaq.com which released: “Vulcan Materials Company (VMC) Ex-Dividend Date Scheduled for November 21, 2016” on November 18, 2016. Also Prnewswire.com published the news titled: “Vulcan Materials To Webcast 2016 Aggregates Day” on September 26, 2016. Al.com‘s news article titled: “Vulcan Materials Co. reports income up 13 percent despite decrease in revenues” with publication date: November 02, 2016 was also an interesting one.

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