Keybank National Association OH Sells 16,500 Shares of Vulcan Materials Company $VMC

Keybank National Association OH decreased its stake in shares of Vulcan Materials Company (NYSE:VMC) by 15.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,168 shares of the construction company’s stock after selling 16,500 shares during the period. Keybank National Association OH’s holdings in Vulcan Materials were worth $28,353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VMC. National Pension Service lifted its holdings in shares of Vulcan Materials by 0.8% during the 3rd quarter. National Pension Service now owns 176,886 shares of the construction company’s stock valued at $54,414,000 after buying an additional 1,428 shares during the period. AlphaQuest LLC grew its holdings in shares of Vulcan Materials by 56.3% in the third quarter. AlphaQuest LLC now owns 1,802 shares of the construction company’s stock worth $554,000 after acquiring an additional 649 shares during the period. Arizona State Retirement System increased its position in Vulcan Materials by 1.2% during the third quarter. Arizona State Retirement System now owns 39,077 shares of the construction company’s stock valued at $12,021,000 after acquiring an additional 466 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in Vulcan Materials by 10.3% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,264 shares of the construction company’s stock valued at $1,927,000 after acquiring an additional 583 shares during the period. Finally, Alpha Cubed Investments LLC boosted its position in Vulcan Materials by 5.1% in the third quarter. Alpha Cubed Investments LLC now owns 51,401 shares of the construction company’s stock worth $15,812,000 after purchasing an additional 2,499 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

NYSE VMC opened at $300.67 on Friday. The company has a quick ratio of 1.56, a current ratio of 2.23 and a debt-to-equity ratio of 0.50. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $313.37. The business has a 50-day moving average price of $296.09 and a 200-day moving average price of $292.10. The firm has a market cap of $39.73 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 2.24 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the firm earned $2.22 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. As a group, equities research analysts predict that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other Vulcan Materials news, President Thompson S. Baker II sold 7,135 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $300.81, for a total transaction of $2,146,279.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Denson N. Franklin III sold 665 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total value of $196,175.00. Following the transaction, the senior vice president owned 8,284 shares of the company’s stock, valued at $2,443,780. This represents a 7.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,471 shares of company stock worth $6,054,615 in the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VMC has been the subject of several research reports. Stifel Nicolaus set a $327.00 price target on shares of Vulcan Materials in a research report on Monday, November 3rd. Royal Bank Of Canada decreased their price target on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research note on Tuesday. DA Davidson reaffirmed a “neutral” rating and set a $330.00 price objective on shares of Vulcan Materials in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $320.38.

Vulcan Materials Profile

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.