Oakworth Capital Inc. cut its stake in shares of Vulcan Materials (NYSE:VMC) by 48.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 892 shares of the construction company’s stock after selling 850 shares during the period. Oakworth Capital Inc.’s holdings in Vulcan Materials were worth $112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VMC. Janus Henderson Group PLC grew its position in Vulcan Materials by 4,985.8% during the second quarter. Janus Henderson Group PLC now owns 4,209,593 shares of the construction company’s stock valued at $533,271,000 after purchasing an additional 4,126,822 shares in the last quarter. Third Point LLC acquired a new stake in Vulcan Materials in the second quarter valued at approximately $202,688,000. Point72 Asset Management L.P. lifted its stake 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 during the last quarter. Cramer Rosenthal Mcglynn LLC acquired a new stake in Vulcan Materials in the second quarter valued at approximately $58,623,000. Finally, CI Investments Inc. acquired a new stake in Vulcan Materials in the third quarter valued at approximately $55,271,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Vulcan Materials (NYSE:VMC) opened at $133.00 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34. Vulcan Materials has a one year low of $108.95 and a one year high of $137.65. The stock has a market cap of $17,590.00, a P/E ratio of 45.39, a price-to-earnings-growth ratio of 1.97 and a beta of 0.87.

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

In other news, insider Michael R. Mills sold 3,738 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total value of $502,985.28. Following the completion of the sale, the insider now directly owns 44,581 shares in the company, valued at $5,998,819.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $620,811.75. Following the completion of the sale, the insider now owns 45,351 shares of the company’s stock, valued at $6,043,020.75. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

A number of analysts have issued reports on the stock. Jefferies Group reiterated a “hold” rating and issued a $135.00 target price on shares of Vulcan Materials in a research note on Wednesday, January 17th. Zacks Investment Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Sunday. Royal Bank of Canada reiterated a “buy” rating and issued a $154.00 target price on shares of Vulcan Materials in a research note on Tuesday, October 10th. Citigroup reiterated a “buy” rating and issued a $140.00 target price (down from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. Finally, Stephens reiterated a “buy” rating and issued a $158.00 target price on shares of Vulcan Materials in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $143.00.

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About Vulcan Materials

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).

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

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