Callan Family Office LLC Sells 1,825 Shares of Vulcan Materials Company $VMC

Callan Family Office LLC cut its position in Vulcan Materials Company (NYSE:VMC) by 33.9% in the third quarter, HoldingsChannel.com reports. The firm owned 3,554 shares of the construction company’s stock after selling 1,825 shares during the quarter. Callan Family Office LLC’s holdings in Vulcan Materials were worth $1,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service raised 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 in the last quarter. Principal Financial Group Inc. increased its position in Vulcan Materials by 5.8% in the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock worth $2,345,703,000 after purchasing an additional 414,828 shares during the last quarter. JPMorgan Chase & Co. raised its stake in 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. Commonwealth Equity Services LLC lifted its position in Vulcan Materials by 104.3% during the third quarter. Commonwealth Equity Services LLC now owns 72,113 shares of the construction company’s stock valued at $22,183,000 after purchasing an additional 36,823 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in 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 during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus set a $327.00 target price on shares of Vulcan Materials in a report on Monday, November 3rd. Barclays upped their price objective on Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Citigroup raised their price objective on Vulcan Materials from $342.00 to $345.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Royal Bank Of Canada cut their target price on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Finally, Wells Fargo & Company raised their price target on Vulcan Materials from $310.00 to $317.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and an average price target of $320.38.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP Denson N. Franklin III sold 665 shares of the 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 $2,443,780. This trade represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David P. Clement sold 2,000 shares of Vulcan Materials stock in a transaction 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 sale, the senior vice president owned 832 shares of the company’s stock, valued at approximately $240,073.60. This trade represents a 70.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 14,653 shares of company stock valued at $4,354,247 in the last quarter. 0.62% of the stock is owned by insiders.

Vulcan Materials Trading Down 0.3%

VMC opened at $310.55 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 2.23. The stock’s 50 day moving average price is $297.48 and its 200-day moving average price is $293.19. Vulcan Materials Company has a one year low of $215.08 and a one year high of $318.67. The stock has a market cap of $41.03 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 2.33 and a beta of 1.07.

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.