Vulcan Materials Company $VMC Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in shares of Vulcan Materials Company (NYSE:VMC) by 13.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,304 shares of the construction company’s stock after selling 2,758 shares during the period. Teacher Retirement System of Texas’ holdings in Vulcan Materials were worth $5,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VMC. National Pension Service grew its position in Vulcan Materials by 0.8% in the 2nd quarter. National Pension Service now owns 175,458 shares of the construction company’s stock valued at $45,763,000 after acquiring an additional 1,455 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Vulcan Materials by 12.3% in the second quarter. JPMorgan Chase & Co. now owns 7,824,987 shares of the construction company’s stock valued at $2,040,914,000 after purchasing an additional 857,210 shares during the period. American Century Companies Inc. grew its holdings in shares of Vulcan Materials by 19.3% in the second quarter. American Century Companies Inc. now owns 256,789 shares of the construction company’s stock valued at $66,976,000 after purchasing an additional 41,504 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Vulcan Materials by 104.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 72,113 shares of the construction company’s stock worth $22,183,000 after buying an additional 36,823 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in Vulcan Materials by 57.9% during the 2nd quarter. Schroder Investment Management Group now owns 415,993 shares of the construction company’s stock worth $108,499,000 after buying an additional 152,495 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VMC has been the subject of several research reports. Wells Fargo & Company upgraded shares of Vulcan Materials to a “hold” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada lowered their target price on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. JPMorgan Chase & Co. upped their price target on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. B. Riley started coverage on Vulcan Materials in a research report on Thursday, January 15th. They issued a “buy” rating and a $345.00 price target on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $319.92.

Insider Activity

In other Vulcan Materials news, President Thompson S. Baker II sold 7,135 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $300.81, for a total transaction of $2,146,279.35. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Denson N. Franklin III sold 665 shares of Vulcan Materials stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $295.00, for a total value of $196,175.00. Following the sale, the senior vice president owned 8,284 shares in the company, valued at $2,443,780. This trade represents a 7.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 20,471 shares of company stock worth $6,054,615. Corporate insiders own 0.61% of the company’s stock.

Vulcan Materials Stock Up 0.1%

Shares of NYSE VMC opened at $300.38 on Tuesday. The business has a 50-day moving average of $294.95 and a two-hundred day moving average of $291.35. The company has a market capitalization of $39.69 billion, a price-to-earnings ratio of 35.67, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $313.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.23 and a quick ratio of 1.56.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.12. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $2.22 EPS. On average, analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.