Vulcan Materials (NYSE:VMC) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in shares of Vulcan Materials (NYSE:VMCFree Report) by 64.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,910 shares of the construction company’s stock after buying an additional 3,113 shares during the period. SG Americas Securities LLC’s holdings in Vulcan Materials were worth $2,035,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in Vulcan Materials by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after buying an additional 884,580 shares during the period. State Street Corp increased its stake in Vulcan Materials by 1.2% during the 3rd quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock valued at $1,322,546,000 after buying an additional 65,163 shares during the period. FMR LLC increased its stake in Vulcan Materials by 2.2% during the 3rd quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock valued at $916,807,000 after buying an additional 78,271 shares during the period. Geode Capital Management LLC increased its stake in Vulcan Materials by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock valued at $826,644,000 after buying an additional 33,061 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after buying an additional 330,433 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $277.61 on Monday. Vulcan Materials has a 1-year low of $221.01 and a 1-year high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $36.66 billion, a price-to-earnings ratio of 43.79, a P/E/G ratio of 2.16 and a beta of 0.83. The stock’s fifty day simple moving average is $271.50 and its 200-day simple moving average is $259.95.

Vulcan Materials (NYSE:VMCGet Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the firm posted $2.29 EPS. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, sell-side analysts predict that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VMC shares. Barclays raised their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Citigroup lowered their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Stephens reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. Finally, Raymond James lowered their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.18.

Get Our Latest Report on VMC

Vulcan Materials Company Profile

(Free Report)

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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