San Francisco Sentry Investment Group CA reduced its holdings in Vulcan Materials (NYSE:VMC) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,693 shares of the construction company’s stock after selling 6,423 shares during the quarter. Vulcan Materials accounts for 3.1% of San Francisco Sentry Investment Group CA’s portfolio, making the stock its largest position. San Francisco Sentry Investment Group CA owned about 0.05% of Vulcan Materials worth $6,589,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of VMC. Ipswich Investment Management Co. Inc. acquired a new position in shares of Vulcan Materials in the 4th quarter worth $34,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Vulcan Materials in the fourth quarter worth $66,000. Arlington Partners LLC acquired a new stake in shares of Vulcan Materials in the third quarter worth $111,000. JNBA Financial Advisors acquired a new stake in shares of Vulcan Materials in the third quarter worth $111,000. Finally, Pendal Group Ltd acquired a new stake in shares of Vulcan Materials in the third quarter worth $140,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.
In related news, Chairman J Thomas Hill bought 1,955 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were bought at an average cost of $101.66 per share, for a total transaction of $198,745.30. Following the completion of the acquisition, the chairman now directly owns 57,348 shares in the company, valued at $5,829,997.68. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.81% of the stock is owned by company insiders.
Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, October 30th. The construction company reported $1.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.40. Vulcan Materials had a return on equity of 10.20% and a net margin of 16.84%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company earned $1.04 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. On average, equities analysts expect that Vulcan Materials will post 3.93 EPS for the current year.
Several brokerages have recently commented on VMC. Nomura raised Vulcan Materials from a “neutral” rating to a “buy” rating and raised their target price for the stock from $100.00 to $140.00 in a research report on Thursday, December 6th. Stephens set a $125.00 target price on Vulcan Materials and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Barclays reaffirmed a “buy” rating and issued a $132.00 target price on shares of Vulcan Materials in a research report on Thursday, October 18th. Zacks Investment Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Finally, Citigroup decreased their target price on Vulcan Materials from $128.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, January 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $121.73.
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Vulcan Materials Profile
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.
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