Amalgamated Bank lowered its stake in Vulcan Materials Company (NYSE:VMC) by 28.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,976 shares of the construction company’s stock after selling 3,973 shares during the period. Amalgamated Bank’s holdings in Vulcan Materials Company were worth $1,202,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Foresters Asset Management Inc. raised its stake in shares of Vulcan Materials Company by 92.6% in the fourth quarter. Foresters Asset Management Inc. now owns 21,380 shares of the construction company’s stock valued at $2,676,000 after buying an additional 10,280 shares in the last quarter. Alkeon Capital Management LLC acquired a new position in shares of Vulcan Materials Company during the fourth quarter valued at about $57,882,000. GLG Partners LP purchased a new stake in Vulcan Materials Company during the fourth quarter worth $2,703,000. Friess Associates LLC purchased a new stake in Vulcan Materials Company during the fourth quarter worth $15,050,000. Finally, First Republic Investment Management Inc. increased its stake in Vulcan Materials Company by 266.3% in the fourth quarter. First Republic Investment Management Inc. now owns 10,647 shares of the construction company’s stock worth $1,332,000 after buying an additional 7,740 shares during the period. 86.00% of the stock is owned by institutional investors and hedge funds.
Shares of Vulcan Materials Company (VMC) traded up 0.284% during mid-day trading on Wednesday, hitting $125.445. 255,371 shares of the stock were exchanged. The stock’s 50-day moving average is $128.18 and its 200-day moving average is $124.08. Vulcan Materials Company has a 52 week low of $105.71 and a 52 week high of $138.18. The stock has a market capitalization of $16.58 billion, a price-to-earnings ratio of 40.130 and a beta of 0.94.
Vulcan Materials Company (NYSE:VMC) last issued its quarterly earnings data on Wednesday, May 10th. The construction company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. The business had revenue of $787 million for the quarter, compared to the consensus estimate of $743.79 million. Vulcan Materials Company had a net margin of 11.61% and a return on equity of 8.80%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. Analysts forecast that Vulcan Materials Company will post $4.08 earnings per share for the current fiscal year.
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Several research firms have commented on VMC. Zacks Investment Research raised shares of Vulcan Materials Company from a “sell” rating to a “hold” rating in a research report on Tuesday, March 21st. Citigroup Inc. began coverage on shares of Vulcan Materials Company in a research note on Wednesday, March 29th. They issued a “buy” rating for the company. Argus increased their target price on shares of Vulcan Materials Company from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, June 9th. Royal Bank Of Canada reissued a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials Company in a research report on Monday, June 19th. Finally, BidaskClub raised shares of Vulcan Materials Company from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $138.60.
In related news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $40,392.00. Following the completion of the sale, the general counsel now directly owns 5,292 shares of the company’s stock, valued at approximately $698,544. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ejaz A. Khan sold 2,024 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $125.30, for a total value of $253,607.20. The disclosure for this sale can be found here. Insiders have sold a total of 6,743 shares of company stock worth $876,515 in the last 90 days. Company insiders own 0.89% of the company’s stock.
About Vulcan Materials Company
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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