Vulcan Materials Company $VMC Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in Vulcan Materials Company (NYSE:VMC) by 8.8% in the third quarter, Holdings Channel.com reports. The fund owned 86,762 shares of the construction company’s stock after acquiring an additional 7,000 shares during the period. New York State Common Retirement Fund’s holdings in Vulcan Materials were worth $26,690,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Vulcan Materials by 9.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,178 shares of the construction company’s stock worth $5,284,000 after purchasing an additional 1,526 shares during the last quarter. Truist Financial Corp boosted its holdings in Vulcan Materials by 5.9% during the third quarter. Truist Financial Corp now owns 13,293 shares of the construction company’s stock worth $4,089,000 after buying an additional 740 shares in the last quarter. Little House Capital LLC grew its position in Vulcan Materials by 1.7% in the third quarter. Little House Capital LLC now owns 4,632 shares of the construction company’s stock worth $1,425,000 after buying an additional 77 shares during the last quarter. Phoenix Financial Ltd. bought a new position in shares of Vulcan Materials in the third quarter valued at $269,000. Finally, EFG Asset Management North America Corp. acquired a new stake in shares of Vulcan Materials during the 3rd quarter valued at $1,232,000. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $288.55, for a total value of $577,100.00. Following the completion of the sale, the senior vice president owned 832 shares of the company’s stock, valued at approximately $240,073.60. The trade was a 70.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Denson N. Franklin III sold 665 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 8,284 shares in the company, valued at $2,443,780. This represents a 7.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,471 shares of company stock worth $6,054,615 over the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada decreased their target price on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Raymond James Financial lifted their price target on Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. JPMorgan Chase & Co. upped their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. B. Riley began coverage on shares of Vulcan Materials in a research report on Thursday, January 15th. They issued a “buy” rating and a $345.00 target price on the stock. Finally, DA Davidson restated a “neutral” rating and set a $330.00 price target on shares of Vulcan Materials in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $320.38.

Vulcan Materials Stock Up 0.4%

VMC stock opened at $300.67 on Friday. The company has a 50 day moving average of $296.09 and a two-hundred day moving average of $292.10. The company 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. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $313.37. 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 (NYSE:VMC) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Vulcan Materials had a net margin of 14.19% and a return on equity of 13.47%. Vulcan Materials’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.22 earnings per share. On average, equities analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

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.