Barclays PLC Purchases 59,441 Shares of Vulcan Materials (NYSE:VMC)

Barclays PLC grew its position in Vulcan Materials (NYSE:VMCGet Rating) by 46.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 186,905 shares of the construction company’s stock after purchasing an additional 59,441 shares during the quarter. Barclays PLC owned approximately 0.14% of Vulcan Materials worth $29,476,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in Vulcan Materials by 222.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,013,848 shares of the construction company’s stock worth $286,167,000 after acquiring an additional 1,389,281 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Vulcan Materials by 41.0% during the second quarter. JPMorgan Chase & Co. now owns 3,520,048 shares of the construction company’s stock worth $500,199,000 after acquiring an additional 1,022,903 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Vulcan Materials by 5.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,771,928 shares of the construction company’s stock worth $1,246,491,000 after acquiring an additional 479,356 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Vulcan Materials by 13.4% during the second quarter. Clearbridge Investments LLC now owns 2,725,282 shares of the construction company’s stock worth $387,263,000 after acquiring an additional 321,581 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Vulcan Materials by 1.3% during the first quarter. Vanguard Group Inc. now owns 14,535,907 shares of the construction company’s stock worth $2,670,246,000 after acquiring an additional 184,543 shares in the last quarter. 90.08% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP David P. Clement sold 2,000 shares of the stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $180.00, for a total value of $360,000.00. Following the completion of the sale, the senior vice president now owns 1,970 shares in the company, valued at $354,600. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $178.89 on Monday. The firm has a 50-day moving average of $179.14 and a 200-day moving average of $168.65. The company has a market cap of $23.78 billion, a P/E ratio of 40.20, a P/E/G ratio of 1.89 and a beta of 0.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.71 and a quick ratio of 1.31. Vulcan Materials has a one year low of $137.54 and a one year high of $193.31.

Vulcan Materials (NYSE:VMCGet Rating) last announced its earnings results on Wednesday, November 2nd. The construction company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2 billion. Vulcan Materials had a net margin of 8.26% and a return on equity of 10.56%. Equities research analysts forecast that Vulcan Materials will post 5.34 EPS for the current fiscal year.

Analysts Set New Price Targets

VMC has been the topic of several research analyst reports. Citigroup increased their target price on shares of Vulcan Materials from $194.00 to $211.00 in a research note on Tuesday, January 10th. JPMorgan Chase & Co. raised shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $185.00 to $200.00 in a research note on Thursday, December 8th. DA Davidson lowered their price objective on shares of Vulcan Materials from $205.00 to $200.00 in a report on Wednesday, October 12th. Morgan Stanley lowered their price objective on shares of Vulcan Materials from $203.00 to $199.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, StockNews.com started coverage on shares of Vulcan Materials in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.00.

Vulcan Materials Profile

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Vulcan Materials Co engages in the provision of basic materials and supply for the infrastructure and construction industries. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.

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

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