Vulcan Materials Company $VMC Shares Acquired by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC boosted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,872 shares of the construction company’s stock after buying an additional 9,014 shares during the period. Douglas Lane & Associates LLC owned approximately 0.14% of Vulcan Materials worth $43,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of VMC. BlackRock Inc. purchased a new stake in shares of Vulcan Materials in the second quarter worth approximately $2,868,444,000. Bank of America Corp DE purchased a new stake in shares of Vulcan Materials during the second quarter worth $688,580,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Vulcan Materials during the second quarter worth $451,119,000. Dimensional Fund Advisors LP boosted its position in Vulcan Materials by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,346,422 shares of the construction company’s stock valued at $366,592,000 after purchasing an additional 24,187 shares during the last quarter. Finally, Stockbridge Partners LLC purchased a new position in Vulcan Materials in the second quarter valued at about $314,470,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, Director J. Hill sold 14,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the sale, the director directly owned 58,209 shares of the company’s stock, valued at approximately $16,075,579.53. This represents a 19.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $285.10, for a total value of $570,200.00. Following the completion of the transaction, the senior vice president directly owned 6,716 shares in the company, valued at $1,914,731.60. The trade was a 22.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.65% of the company’s stock.

Vulcan Materials Price Performance

VMC traded down $1.05 during midday trading on Friday, reaching $245.21. 509,809 shares of the company’s stock were exchanged, compared to its average volume of 1,163,384. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $262.05 and a two-hundred day simple moving average of $277.21. The firm has a market capitalization of $31.77 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 2.46 and a beta of 1.05. Vulcan Materials Company has a one year low of $237.03 and a one year high of $331.09.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.42 EPS. As a group, research analysts predict that Vulcan Materials Company will post 9.1 EPS for the current year.

Analyst Ratings Changes

VMC has been the subject of several recent research reports. DA Davidson reissued a “buy” rating and issued a $330.00 target price on shares of Vulcan Materials in a research report on Monday, September 21st. Citigroup cut their target price on Vulcan Materials from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Truist Financial decreased their price target on Vulcan Materials from $360.00 to $320.00 and set a “buy” rating for the company in a research note on Monday. Weiss Ratings lowered Vulcan Materials from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Vulcan Materials in a report on Wednesday, July 15th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $313.43.

Vulcan Materials Profile

Vulcan Materials Company (NYSE:VMC) is a major producer and supplier of construction materials in the United States. The company primarily produces and distributes construction aggregates, including crushed stone, sand and gravel, which are used in infrastructure, commercial, residential and industrial projects.

In addition to aggregates, Vulcan produces asphalt mix and ready-mixed concrete and provides related construction-material services. Its products support highways, bridges, airports, buildings and other essential infrastructure.