Keybank National Association OH Trims Position in Vulcan Materials Company $VMC

Keybank National Association OH lessened its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 15.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,168 shares of the construction company’s stock after selling 16,500 shares during the quarter. Keybank National Association OH owned approximately 0.07% of Vulcan Materials worth $28,353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. National Pension Service grew its holdings in shares of Vulcan Materials by 0.8% during the 2nd quarter. National Pension Service now owns 175,458 shares of the construction company’s stock worth $45,763,000 after acquiring an additional 1,455 shares during the period. JPMorgan Chase & Co. boosted its position 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 valued at $2,040,914,000 after purchasing an additional 857,210 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Vulcan Materials by 19.3% during the second quarter. American Century Companies Inc. now owns 256,789 shares of the construction company’s stock valued at $66,976,000 after purchasing an additional 41,504 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Vulcan Materials by 104.3% in the third quarter. Commonwealth Equity Services LLC now owns 72,113 shares of the construction company’s stock worth $22,183,000 after purchasing an additional 36,823 shares during the period. Finally, EFG Asset Management North America Corp. bought a new position in Vulcan Materials in the third quarter worth $1,232,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $300.67 on Friday. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $313.37. The firm’s 50-day moving average is $296.09 and its 200 day moving average is $292.10. The stock has a market cap of $39.73 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 2.24 and a beta of 1.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.23 and a quick ratio of 1.56.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) 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 firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm posted $2.22 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. Sell-side analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. DA Davidson restated a “neutral” rating and set a $330.00 target price on shares of Vulcan Materials in a report on Wednesday, January 14th. Wells Fargo & Company lifted their price target on shares of Vulcan Materials from $310.00 to $317.00 and gave the company an “equal weight” rating in a research report on Thursday. Citigroup boosted their price objective on shares of Vulcan Materials from $342.00 to $345.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research note on Tuesday. Finally, Raymond James Financial lifted their target price on shares of Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $320.38.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $288.55, for a total transaction of $577,100.00. Following the transaction, the senior vice president directly owned 832 shares of the company’s stock, valued at $240,073.60. This represents a 70.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Thompson S. Baker II sold 7,135 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $300.81, for a total value of $2,146,279.35. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 20,471 shares of company stock valued at $6,054,615. 0.62% of the stock is owned by corporate insiders.

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.