Trust Co Acquires Shares of 2,370 Vulcan Materials (VMC)

Trust Co acquired a new position in shares of Vulcan Materials (NYSE:VMC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,370 shares of the construction company’s stock, valued at approximately $283,000.

Several other large investors have also recently made changes to their positions in VMC. Sun Life Financial INC grew its holdings in shares of Vulcan Materials by 10,666.7% during the 2nd quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after purchasing an additional 960 shares in the last quarter. Schroder Investment Management Group acquired a new stake in shares of Vulcan Materials during the 2nd quarter worth approximately $187,000. FCA Corp TX acquired a new stake in shares of Vulcan Materials during the 3rd quarter worth approximately $215,000. WINTON GROUP Ltd acquired a new stake in Vulcan Materials in the 2nd quarter valued at $218,000. Finally, LMR Partners LLP acquired a new stake in Vulcan Materials in the 3rd quarter valued at $220,000. 89.02% of the stock is currently owned by institutional investors.

Shares of Vulcan Materials (VMC) traded down $1.74 during mid-day trading on Thursday, reaching $132.40. The company had a trading volume of 1,330,700 shares, compared to its average volume of 1,519,257. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60. The firm has a market cap of $17,510.00, a price-to-earnings ratio of 45.19, a price-to-earnings-growth ratio of 1.96 and a beta of 0.87. Vulcan Materials has a twelve month low of $108.95 and a twelve month high of $136.82.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.36). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. Vulcan Materials’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. research analysts anticipate that Vulcan Materials will post 3.01 EPS for the current year.

Several brokerages recently commented on VMC. Zacks Investment Research lowered Vulcan Materials from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 6th. Stephens reaffirmed a “buy” rating and issued a $158.00 price target on shares of Vulcan Materials in a research note on Wednesday, January 3rd. Citigroup reaffirmed a “buy” rating and issued a $144.00 price target on shares of Vulcan Materials in a research note on Tuesday, December 26th. Jefferies Group boosted their price target on Vulcan Materials from $122.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Finally, Barclays began coverage on Vulcan Materials in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $135.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $142.13.

In other Vulcan Materials news, insider Michael R. Mills sold 4,659 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $133.25, for a total value of $620,811.75. Following the transaction, the insider now owns 45,351 shares of the company’s stock, valued at $6,043,020.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.89% of the stock is currently owned by insiders.

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Vulcan Materials Company Profile

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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