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

Douglas Lane & Associates LLC lifted its position in shares of Vulcan Materials Company (NYSE:VMC) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 177,872 shares of the construction company’s stock after acquiring an additional 9,014 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Vulcan Materials were worth $43,513,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Vulcan Materials in the second quarter valued at about $2,868,444,000. Bank of America Corp DE bought a new stake in Vulcan Materials during the 2nd quarter worth about $688,580,000. The Manufacturers Life Insurance Company acquired a new position in Vulcan Materials during the 2nd quarter valued at about $451,119,000. Dimensional Fund Advisors LP lifted its position in Vulcan Materials by 1.8% during the 1st 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 period. Finally, Stockbridge Partners LLC bought a new position in shares of Vulcan Materials in the 2nd quarter valued at about $314,470,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings cut shares of Vulcan Materials from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Wells Fargo & Company reduced their price objective on shares of Vulcan Materials from $254.00 to $249.00 and set an “underweight” rating on the stock in a research note on Monday. Truist Financial lowered their target price on shares of Vulcan Materials from $360.00 to $320.00 and set a “buy” rating for the company in a report on Monday. Royal Bank Of Canada set a $256.00 target price on shares of Vulcan Materials in a research report on Friday. Finally, DA Davidson reissued a “buy” rating and issued a $330.00 price target on shares of Vulcan Materials in a research note on Monday, September 21st. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $313.43.

Vulcan Materials Trading Down 0.4%

Shares of NYSE VMC traded down $1.05 during midday trading on Friday, reaching $245.21. 509,809 shares of the stock were exchanged, compared to its average volume of 1,163,384. The business has a 50-day simple moving average of $262.05 and a two-hundred day simple moving average of $277.21. The company has a market capitalization of $31.77 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 2.46 and a beta of 1.05. Vulcan Materials Company has a 12 month low of $237.03 and a 12 month high of $331.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20.

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

Insider Activity at Vulcan Materials

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

Vulcan Materials Company 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.