Live Price Coverage: Vulcan Materials Company’s Big Gap Up Today Points to Less Stock Risks

Live Price Coverage: Vulcan Materials Company's Big Gap Up Today Points to Less Stock Risks

The stock of Vulcan Materials Company (NYSE:VMC) gapped up by $0.39 today and has $181.20 target or 65.00% above today’s $109.82 share price. The 9 months technical chart setup indicates low risk for the $14.80B company. The gap was reported on Oct, 14 by If the $181.20 price target is reached, the company will be worth $9.62 billion more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 769,536 shares traded hands. Vulcan Materials Company (NYSE:VMC) has risen 4.46% since March 11, 2016 and is uptrending. It has underperformed by 1.00% 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 $172.50 million for 21.45 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 firm earned “Outperform” rating on Friday, February 5 by RBC Capital Markets. The stock of Vulcan Materials Company (NYSE:VMC) has “Buy” rating given on Monday, May 16 by Stifel Nicolaus. The firm earned “Neutral” rating on Thursday, June 9 by Alembic. Goldman Sachs maintained Vulcan Materials Company (NYSE:VMC) on Wednesday, June 8 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 Friday, August 14 with “Buy”. The firm has “Neutral” rating given on Monday, August 17 by DA Davidson. The stock has “Buy” rating given by Argus Research on Thursday, November 19. The stock of Vulcan Materials Company (NYSE:VMC) has “Buy” rating given on Wednesday, May 4 by BB&T Capital.

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.
Dai Ichi Life Insur has invested 0.29% of its portfolio in Vulcan Materials Company (NYSE:VMC). Gofen And Glossberg Lc Il has 0.01% invested in the company for 2,615 shares. Wilbanks Smith And Thomas Asset Mgmt Ltd Llc owns 4,429 shares or 0.06% of their US portfolio. Twin Cap Management, a Pennsylvania-based fund reported 13,910 shares. Emerald Advisers Incorporated Pa last reported 30,533 shares in the company. Element Lc accumulated 0.15% or 8,197 shares. Da Davidson & accumulated 238 shares or 0% of the stock. Texas Permanent School Fund has invested 0.07% of its portfolio in Vulcan Materials Company (NYSE:VMC). The California-based Aperio Grp Limited Liability has invested 0.04% in Vulcan Materials Company (NYSE:VMC). Td Asset Mgmt last reported 60,763 shares in the company. Bokf Na accumulated 0.02% or 3,894 shares. Moreover, Jacobus Wealth Incorporated has 0.05% invested in Vulcan Materials Company (NYSE:VMC) for 1,300 shares. Glenmede Na accumulated 0.01% or 6,911 shares. Lenox Wealth Advsrs Inc holds 58 shares or 0% of its portfolio. Longbow Cap Prtn Lp holds 13.46% or 5,022 shares in its portfolio.

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