Pacer Advisors Inc. cut its stake in Vulcan Materials Company (NYSE:VMC) by 0.6% during the third quarter, Holdings Channel reports. The institutional investor owned 2,388 shares of the company’s stock after selling 14 shares during the period. Pacer Advisors Inc.’s holdings in Vulcan Materials Company were worth $272,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in Vulcan Materials Company during the third quarter worth approximately $609,000. Riverhead Capital Management LLC increased its position in Vulcan Materials Company by 91.4% in the third quarter. Riverhead Capital Management LLC now owns 24,757 shares of the company’s stock worth $2,816,000 after buying an additional 11,821 shares during the last quarter. Principal Financial Group Inc. increased its position in Vulcan Materials Company by 25.7% in the third quarter. Principal Financial Group Inc. now owns 257,447 shares of the company’s stock worth $29,279,000 after buying an additional 52,600 shares during the last quarter. FineMark National Bank & Trust increased its position in Vulcan Materials Company by 33.7% in the third quarter. FineMark National Bank & Trust now owns 44,707 shares of the company’s stock worth $4,590,000 after buying an additional 11,281 shares during the last quarter. Finally, Marietta Investment Partners LLC increased its position in Vulcan Materials Company by 46.0% in the third quarter. Marietta Investment Partners LLC now owns 55,795 shares of the company’s stock worth $6,346,000 after buying an additional 17,569 shares during the last quarter. Institutional investors own 88.61% of the company’s stock.
Shares of Vulcan Materials Company (NYSE:VMC) traded down 0.66% during midday trading on Friday, hitting $134.36. 507,768 shares of the stock traded hands. Vulcan Materials Company has a 52 week low of $85.20 and a 52 week high of $138.18. The company has a market capitalization of $17.78 billion, a price-to-earnings ratio of 49.05 and a beta of 1.23. The firm’s 50-day moving average is $126.65 and its 200 day moving average is $120.36.
Vulcan Materials Company (NYSE:VMC) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $1.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by $0.18. Vulcan Materials Company had a net margin of 10.38% and a return on equity of 8.83%. The business earned $1.01 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company posted $0.95 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. Equities analysts forecast that Vulcan Materials Company will post $3.03 earnings per share for the current year.
A number of equities analysts have recently commented on VMC shares. Stephens downgraded shares of Vulcan Materials Company from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 17th. DA Davidson reissued a “hold” rating and set a $120.00 price target on shares of Vulcan Materials Company in a report on Sunday, October 9th. Zacks Investment Research downgraded shares of Vulcan Materials Company from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Bank of America Corporation downgraded shares of Vulcan Materials Company from a “buy” rating to a “neutral” rating in a report on Wednesday, November 16th. They noted that the move was a valuation call. Finally, SunTrust Banks, Inc. raised shares of Vulcan Materials Company from a “hold” rating to a “buy” rating and lifted their price target for the company from $110.00 to $129.00 in a report on Wednesday, October 26th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $130.70.
In other Vulcan Materials Company news, insider David J. Grayson sold 2,121 shares of the stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $118.49, for a total transaction of $251,317.29. Following the sale, the insider now directly owns 16,648 shares in the company, valued at $1,972,621.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.92% of the company’s stock.
Vulcan Materials Company Company Profile
Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company has four segments organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Company operates approximately 344 aggregates facilities.
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