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Stock Market & Financial Investment News

News Breaks
January 23, 2014
07:06 EDTVMCVulcan Materials sells Florida cement and concrete assets for $720M
Vulcan Materials has entered into a definitive agreement to sell the company's cement and concrete businesses in the Florida area to Cementos Argos for gross cash proceeds of $720M. Vulcan is retaining all of its aggregates operations in Florida. The company will continue to provide aggregates to the divested concrete facilities, at market prices, for a period of 20 years. The transaction is expected to close in Q1. The completion of the asset sale to Cementos Argos and related restructuring and other transaction-related expenses will result in a pretax gain of approximately $210M, or $1.00 per diluted share. The company expects to record a one-time charge of approximately 37c per diluted share.
News For VMC From The Last 14 Days
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March 1, 2015
17:22 EDTVMCVulcan Materials shares could rally over 50%, Barron's says
Vulcan Materials shares could rally over 50% as the company's cash flow returns, Barron's contends in a feature article. The company is also looking to achieve an investment-grade credit rating, the paper adds. Reference Link
February 26, 2015
10:00 EDTVMCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASUR Airports (ASR) upgraded to Sector Perform from Underperform at Scotia Capital... AcelRx (ACRX) upgraded to Buy from Neutral at Mizuho... AllianceBernstein (AB) upgraded to Buy from Neutral at BofA/Merrill... American Express (AXP) upgraded to Buy from Hold at Deutsche Bank... Argus upgraded Sonoco (SON) on multiple positive catalysts... Columbia Property (CXP) upgraded to Neutral from Sell at Goldman... Deutsche sees American Express (AXP) as undervalued, upgrades to Buy... Eldorado Gold (EGO) upgraded to Neutral from Sell at Goldman... Genesee & Wyoming (GWR) upgraded to Buy from Neutral at BofA/Merrill... Gruma (GMK) upgraded to Overweight from Equal Weight at Barclays... Isle of Capri (ISLE) upgraded to Outperform from Neutral at Macquarie... JAKKS Pacific (JAKK) upgraded at B. Riley... QTS Realty Trust (QTS) upgraded to Buy from Hold at Deutsche Bank... Sonoco (SON) upgraded to Buy from Hold at Argus... T-Mobile (TMUS) upgraded to Buy from Neutral at Citigroup... Vulcan Materials (VMC) upgraded at RBC Capital.
08:09 EDTVMCVulcan Materials upgraded at RBC Capital
As noted earlier, RBC Capital upgraded Vulcan Materials to Outperform from Sector Perform. As reasons for the upgrade, the firm cited improving demand for the company's products and its increased emphasis on returning cash to shareholders. The firm thinks the company is in the early stages of a multi=year recovery. Target to $93 from $82.
06:23 EDTVMCVulcan Materials upgraded to Outperform from Sector Perform at RBC Capital
February 20, 2015
12:08 EDTVMCVulcan Materials to host investor day
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February 17, 2015
08:31 EDTVMCVulcan Materials increases dividend 4c to 10c
The Board of Directors of Vulcan Materials, at a meeting held declared a quarterly dividend of 10c per share on its common stock payable March 10 to shareholders of record February 24. The new quarterly dividend represents an increase of 4c per share.

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