Conning Inc. increased its position in Vulcan Materials (NYSE:VMC) by 4.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,649 shares of the construction company’s stock after purchasing an additional 120 shares during the quarter. Conning Inc.’s holdings in Vulcan Materials were worth $314,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc grew its stake in Vulcan Materials by 0.3% in the third quarter. Vanguard Group Inc now owns 13,964,379 shares of the construction company’s stock worth $1,552,839,000 after purchasing an additional 46,860 shares in the last quarter. Morgan Stanley grew its stake in Vulcan Materials by 5.0% in the third quarter. Morgan Stanley now owns 6,423,074 shares of the construction company’s stock worth $714,246,000 after purchasing an additional 303,986 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Vulcan Materials by 17.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,107,631 shares of the construction company’s stock worth $405,835,000 after purchasing an additional 608,504 shares in the last quarter. Principal Financial Group Inc. grew its stake in Vulcan Materials by 20.6% in the fourth quarter. Principal Financial Group Inc. now owns 3,271,027 shares of the construction company’s stock worth $323,178,000 after purchasing an additional 557,792 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Vulcan Materials by 4.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,360,187 shares of the construction company’s stock worth $233,186,000 after purchasing an additional 98,900 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

In other Vulcan Materials news, insider David P. Clement sold 2,789 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $114.28, for a total transaction of $318,726.92. Following the completion of the sale, the insider now owns 4,340 shares in the company, valued at $495,975.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.79% of the stock is owned by corporate insiders.

Vulcan Materials stock opened at $124.61 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 0.53. The firm has a market cap of $16.10 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 1.77 and a beta of 0.93. Vulcan Materials has a twelve month low of $82.52 and a twelve month high of $133.59.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, February 14th. The construction company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Vulcan Materials had a return on equity of 10.71% and a net margin of 11.77%. Vulcan Materials’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. Analysts anticipate that Vulcan Materials will post 4.76 earnings per share for the current fiscal year.

Several brokerages recently issued reports on VMC. Berenberg Bank began coverage on Vulcan Materials in a research note on Wednesday, April 3rd. They issued a “hold” rating and a $115.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Vulcan Materials in a research note on Thursday, March 21st. They issued an “overweight” rating and a $135.00 price objective on the stock. Goldman Sachs Group raised Vulcan Materials from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, March 6th. Jefferies Financial Group upped their target price on Vulcan Materials to $133.00 and gave the stock a “buy” rating in a report on Friday, February 15th. Finally, Deutsche Bank upped their target price on Vulcan Materials to $125.00 and gave the stock a “buy” rating in a report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Vulcan Materials has a consensus rating of “Buy” and a consensus price target of $123.31.

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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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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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