Tema Etfs LLC Has $7.20 Million Stock Position in Vulcan Materials Company $VMC

Tema Etfs LLC grew its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 13.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,399 shares of the construction company’s stock after buying an additional 2,718 shares during the period. Tema Etfs LLC’s holdings in Vulcan Materials were worth $7,198,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. ORG Partners LLC increased its stake in Vulcan Materials by 86.3% in the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after purchasing an additional 44 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Vulcan Materials in the 2nd quarter valued at about $32,000. Concord Wealth Partners bought a new stake in Vulcan Materials in the 2nd quarter valued at about $33,000. Bayforest Capital Ltd acquired a new position in Vulcan Materials during the 3rd quarter worth approximately $46,000. Finally, Steph & Co. bought a new position in Vulcan Materials in the second quarter worth approximately $55,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Denson N. Franklin III sold 665 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were 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. This trade represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total transaction of $577,100.00. Following the sale, the senior vice president owned 832 shares of the company’s stock, valued at $240,073.60. This trade represents a 70.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 20,471 shares of company stock valued at $6,054,615. Insiders own 0.61% of the company’s stock.

Vulcan Materials Trading Up 4.2%

NYSE:VMC opened at $311.71 on Monday. The company has a market cap of $41.19 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.06. The company has a current ratio of 2.23, a quick ratio of 1.56 and a debt-to-equity ratio of 0.50. The company has a 50 day simple moving average of $291.60 and a two-hundred day simple moving average of $288.42. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $311.92.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the business posted $2.22 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VMC shares. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Stifel Nicolaus set a $327.00 target price on shares of Vulcan Materials in a research report on Monday, November 3rd. DA Davidson upped their target price on shares of Vulcan Materials from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Raymond James Financial lifted their price target on Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, Barclays boosted their price objective on Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $317.83.

Vulcan Materials Profile

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.