Bessemer Group Inc. Sells 1,692 Shares of Vulcan Materials Company $VMC

Bessemer Group Inc. decreased its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 19.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,202 shares of the construction company’s stock after selling 1,692 shares during the quarter. Bessemer Group Inc.’s holdings in Vulcan Materials were worth $2,215,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Vulcan Materials by 64.4% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,810 shares of the construction company’s stock valued at $2,710,000 after buying an additional 3,452 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Vulcan Materials by 46.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 190 shares of the construction company’s stock valued at $58,000 after purchasing an additional 60 shares in the last quarter. Optimize Financial Inc bought a new stake in Vulcan Materials during the third quarter worth about $310,000. Savant Capital LLC boosted its holdings in shares of Vulcan Materials by 40.2% in the 3rd quarter. Savant Capital LLC now owns 5,379 shares of the construction company’s stock worth $1,655,000 after acquiring an additional 1,543 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Vulcan Materials by 4.9% in the third quarter. Envestnet Asset Management Inc. now owns 273,614 shares of the construction company’s stock worth $84,169,000 after purchasing an additional 12,692 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. DA Davidson reiterated a “neutral” rating and set a $330.00 target price on shares of Vulcan Materials in a research report on Wednesday, January 14th. Wells Fargo & Company upped their price objective on Vulcan Materials from $310.00 to $317.00 and gave the company an “equal weight” rating in a report on Thursday, January 29th. Barclays increased their target price on shares of Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Raymond James Financial boosted their price target 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. Finally, B. Riley Financial assumed coverage on Vulcan Materials in a research note on Thursday, January 15th. They set a “buy” rating and a $345.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $320.38.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $288.55, for a total transaction of $577,100.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Denson N. Franklin III sold 665 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $295.00, for a total value of $196,175.00. Following the transaction, the senior vice president owned 8,284 shares of the company’s stock, valued at approximately $2,443,780. The trade was a 7.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 14,653 shares of company stock worth $4,354,247. Corporate insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Up 4.3%

Vulcan Materials stock opened at $323.98 on Monday. The company has a 50 day moving average of $298.02 and a 200-day moving average of $293.95. 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 Company has a twelve month low of $215.08 and a twelve month high of $324.56. The stock has a market capitalization of $42.81 billion, a PE ratio of 38.48, a price-to-earnings-growth ratio of 2.42 and a beta of 1.07.

About Vulcan Materials

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.