BI Asset Management Fondsmaeglerselskab A S Acquires 3,452 Shares of Vulcan Materials Company $VMC

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Vulcan Materials Company (NYSE:VMC) by 64.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,810 shares of the construction company’s stock after acquiring an additional 3,452 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Vulcan Materials were worth $2,710,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of VMC. Rosenberg Matthew Hamilton increased its stake in Vulcan Materials by 6.2% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock worth $169,000 after purchasing an additional 38 shares in the last quarter. Fulton Bank N.A. raised its holdings in shares of Vulcan Materials by 4.1% during the third quarter. Fulton Bank N.A. now owns 960 shares of the construction company’s stock worth $295,000 after acquiring an additional 38 shares during the period. Harfst & Associates Inc. lifted its position in Vulcan Materials by 0.6% in the 3rd quarter. Harfst & Associates Inc. now owns 6,416 shares of the construction company’s stock valued at $1,974,000 after acquiring an additional 38 shares in the last quarter. Massachusetts Wealth Management lifted its position in Vulcan Materials by 0.7% in the 3rd quarter. Massachusetts Wealth Management now owns 5,470 shares of the construction company’s stock valued at $1,683,000 after acquiring an additional 40 shares in the last quarter. Finally, Bollard Group LLC boosted its stake in Vulcan Materials by 5.3% in the 2nd quarter. Bollard Group LLC now owns 819 shares of the construction company’s stock worth $214,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Up 4.3%

NYSE VMC opened at $323.98 on Friday. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $324.56. The company has a current ratio of 2.23, a quick ratio of 1.56 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average of $298.02 and a 200-day moving average of $293.78. The company has a market cap of $42.81 billion, a PE ratio of 38.48, a PEG ratio of 2.42 and a beta of 1.07.

Analyst Ratings Changes

Several research firms have issued reports on VMC. Stifel Nicolaus set a $327.00 price target on Vulcan Materials in a research note on Monday, November 3rd. Wells Fargo & Company boosted their target price on Vulcan Materials from $310.00 to $317.00 and gave the company an “equal weight” rating in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research note on Tuesday, January 27th. Royal Bank Of Canada lowered 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 report on Friday, October 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. One equities 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.38.

Insider Buying and Selling

In other Vulcan Materials news, President Thompson S. Baker II sold 7,135 shares of the business’s stock in a transaction that occurred 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 filing with the SEC, which is accessible through the SEC website. Also, SVP David P. Clement sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were 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 in the company, valued at $240,073.60. This represents a 70.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 14,653 shares of company stock worth $4,354,247. Company insiders own 0.62% of the company’s stock.

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.