Leavell Investment Management Inc. Sells 600 Shares of Vulcan Materials (VMC)

Leavell Investment Management Inc. reduced its holdings in Vulcan Materials (NYSE:VMC) by 0.9% during the first quarter, Holdings Channel reports. The institutional investor owned 66,459 shares of the construction company’s stock after selling 600 shares during the period. Vulcan Materials comprises approximately 0.9% of Leavell Investment Management Inc.’s portfolio, making the stock its 27th largest holding. Leavell Investment Management Inc.’s holdings in Vulcan Materials were worth $7,869,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of VMC. Norges Bank bought a new position in shares of Vulcan Materials in the 4th quarter worth about $91,820,000. FMR LLC lifted its position in shares of Vulcan Materials by 800.7% in the 4th quarter. FMR LLC now owns 975,983 shares of the construction company’s stock worth $96,428,000 after buying an additional 867,625 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Vulcan Materials by 17.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,107,631 shares of the construction company’s stock worth $405,835,000 after buying an additional 608,504 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Vulcan Materials by 20.6% in the 4th quarter. Principal Financial Group Inc. now owns 3,271,027 shares of the construction company’s stock worth $323,178,000 after buying an additional 557,792 shares during the last quarter. Finally, Marshall Wace North America L.P. lifted its position in shares of Vulcan Materials by 110.7% in the 3rd quarter. Marshall Wace North America L.P. now owns 1,030,674 shares of the construction company’s stock worth $114,611,000 after buying an additional 541,504 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Vulcan Materials in a research report on Thursday, March 21st. They issued an “overweight” rating and a $135.00 price objective on the stock. Zacks Investment Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Jefferies Financial Group lifted their price objective on shares of Vulcan Materials to $133.00 and gave the company a “buy” rating in a research report on Friday, February 15th. Citigroup cut their price objective on shares of Vulcan Materials from $128.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, January 4th. Finally, Deutsche Bank assumed coverage on shares of Vulcan Materials in a research report on Thursday, January 3rd. They issued a “buy” rating and a $116.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Vulcan Materials has an average rating of “Buy” and a consensus target price of $123.31.

NYSE:VMC traded down $0.48 during mid-day trading on Tuesday, hitting $121.63. The stock had a trading volume of 11,121 shares, compared to its average volume of 1,081,790. The company has a market cap of $16.20 billion, a PE ratio of 30.08, a P/E/G ratio of 1.76 and a beta of 0.93. Vulcan Materials has a 52 week low of $82.52 and a 52 week high of $133.59. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 0.53.

Vulcan Materials (NYSE:VMC) last released its earnings results on Thursday, February 14th. The construction company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.10. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Vulcan Materials had a net margin of 11.77% and a return on equity of 10.71%. Vulcan Materials’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $0.74 EPS. As a group, equities analysts anticipate that Vulcan Materials will post 4.76 EPS for the current year.

In other Vulcan Materials news, insider David P. Clement sold 2,789 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $114.28, for a total transaction of $318,726.92. Following the transaction, the insider now owns 4,340 shares of the company’s stock, valued at approximately $495,975.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.79% of the stock is currently owned by company insiders.

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Vulcan Materials Company Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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

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