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

Teacher Retirement System of Texas cut its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 13.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VMC. National Pension Service increased its stake in Vulcan Materials by 0.8% in the second quarter. National Pension Service now owns 175,458 shares of the construction company’s stock valued at $45,763,000 after purchasing an additional 1,455 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Vulcan Materials by 12.3% during the second quarter. JPMorgan Chase & Co. now owns 7,824,987 shares of the construction company’s stock worth $2,040,914,000 after buying an additional 857,210 shares during the last quarter. American Century Companies Inc. increased its position in Vulcan Materials by 19.3% in the 2nd quarter. American Century Companies Inc. now owns 256,789 shares of the construction company’s stock valued at $66,976,000 after acquiring an additional 41,504 shares during the period. Commonwealth Equity Services LLC raised 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 valued at $22,183,000 after acquiring an additional 36,823 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position 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 acquiring an additional 152,495 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of VMC opened at $300.38 on Tuesday. 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 52-week low of $215.08 and a 52-week high of $313.37. The company has a 50-day simple moving average of $294.95 and a 200-day simple moving average of $291.35. The company has a market capitalization of $39.69 billion, a PE ratio of 35.67, a P/E/G ratio of 2.27 and a beta of 1.06.

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. Vulcan Materials had a net margin of 14.19% and a return on equity of 13.47%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business posted $2.22 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Insider Activity at Vulcan Materials

In related news, President Thompson S. Baker II sold 7,135 shares of Vulcan Materials stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Denson N. Franklin III sold 665 shares of the business’s stock in a transaction on 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 approximately $2,443,780. The trade was a 7.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,471 shares of company stock valued at $6,054,615 in the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VMC shares. B. Riley assumed coverage on Vulcan Materials in a report on Thursday, January 15th. They issued a “buy” rating and a $345.00 target price on the stock. Royal Bank Of Canada dropped their price objective on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. DA Davidson restated a “neutral” rating and issued a $330.00 target price on shares of Vulcan Materials in a research note on Wednesday, January 14th. Stifel Nicolaus set a $327.00 target price on shares of Vulcan Materials in a report on Monday, November 3rd. Finally, Barclays raised their price objective on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. One 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $319.92.

Vulcan Materials Company 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.