Vulcan Materials Receives a Buy from Argus Research

By George MacDonald

Argus Research analyst Bill Selesky reiterated a Buy rating on Vulcan Materials (NYSE: VMC) today and set a price target of $105. The company’s shares opened today at $90.60, close to its 52-week high of $92.97.

Currently, the analyst consensus on Vulcan Materials is Strong Buy and the average price target is $105, representing a 15.9% upside. In a report issued on May 15, Stifel Nicolaus also reiterated a Buy rating on the stock with a $105 price target.

Based on Vulcan Materials` latest earnings report from March 31, the company posted quarterly revenue of $631.3M and quarterly net profit of -$39.68M. In comparison, last year the company earned revenue of $574.4M and had a net profit of $54M.

Financial bloggers on sites such as SeekingAlpha, wsobserver.com and others, seem to have Positive view on VMC. When evaluating the opinions of financial bloggers over the last 3 months, 66% of bloggers have indicated a Bullish sentiment, while 34% have indicated a Bearish sentiment. The average blogger Bullish sentiment in the Conglomerates sector is 66% which is slightly more positive than the blogger sentiment of VMC.

Unlike Argus Research`s latest rating, based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Lott Jeffery G, a President, Southwest Division at VMC sold 2,940 shares for a total of $269,157.

According to TipRanks.com, Selesky is a 4-star analyst with an average return of 7.9% and a 68.1% success rate. Selesky covers the Basic Materials sector, focusing on stocks such as DOW Chemical Company, United States Steel, and Freeport-McMoRan.

Vulcan Materials Co is a producer of construction aggregates, namely crushed stone, sand and gravel. It also produces asphalt mix and concrete and produces cement in Florida.