Vulcan Materials Sees Unusually High Options Volume (VMC)

Vulcan Materials (NYSE:VMC) was the target of unusually large options trading activity on Tuesday. Investors acquired 3,937 put options on the stock. This represents an increase of 1,321% compared to the typical daily volume of 277 put options.

Shares of Vulcan Materials (NYSE VMC) opened at $121.47 on Friday. The stock has a market cap of $16,070.00, a P/E ratio of 41.46, a P/E/G ratio of 1.86 and a beta of 0.84. Vulcan Materials has a 1 year low of $108.95 and a 1 year high of $141.20. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60.

VMC has been the subject of a number of research analyst reports. Jefferies Group reissued a “hold” rating and set a $135.00 target price on shares of Vulcan Materials in a research report on Wednesday, January 17th. Barclays initiated coverage on shares of Vulcan Materials in a research report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 target price for the company. SunTrust Banks set a $145.00 target price on shares of Vulcan Materials and gave the stock a “buy” rating in a research report on Saturday, December 16th. Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Sunday, January 21st. Finally, Citigroup reissued a “buy” rating and set a $144.00 target price on shares of Vulcan Materials in a research report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $146.13.

In other news, insider Michael R. Mills sold 4,659 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $133.25, for a total transaction of $620,811.75. Following the transaction, the insider now directly owns 45,351 shares in the company, valued at approximately $6,043,020.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael R. Mills sold 3,738 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total transaction of $502,985.28. Following the transaction, the insider now owns 44,581 shares in the company, valued at $5,998,819.36. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its position in Vulcan Materials by 17.5% in the third quarter. Wells Fargo & Company MN now owns 2,385,223 shares of the construction company’s stock valued at $285,272,000 after acquiring an additional 354,498 shares in the last quarter. Third Point LLC grew its position in Vulcan Materials by 46.9% in the third quarter. Third Point LLC now owns 2,350,000 shares of the construction company’s stock valued at $281,060,000 after acquiring an additional 750,000 shares in the last quarter. Caledonia Private Investments Pty Ltd grew its position in Vulcan Materials by 5.1% in the third quarter. Caledonia Private Investments Pty Ltd now owns 1,409,312 shares of the construction company’s stock valued at $168,554,000 after acquiring an additional 68,482 shares in the last quarter. Point72 Asset Management L.P. grew its position in Vulcan Materials by 116.5% in the third quarter. Point72 Asset Management L.P. now owns 1,038,752 shares of the construction company’s stock valued at $124,235,000 after acquiring an additional 558,900 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Vulcan Materials by 1.7% in the third quarter. American Century Companies Inc. now owns 992,816 shares of the construction company’s stock valued at $118,741,000 after acquiring an additional 16,606 shares in the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

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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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