DekaBank Deutsche Girozentrale Purchases 2,478 Shares of Vulcan Materials (NYSE:VMC)

DekaBank Deutsche Girozentrale grew its position in shares of Vulcan Materials (NYSE:VMC – Get Rating) by 10.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,947 shares of the construction company’s stock after acquiring an additional 2,478 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Vulcan Materials were worth $4,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quilter Plc raised its stake in shares of Vulcan Materials by 3.5% during the third quarter. Quilter Plc now owns 4,213 shares of the construction company’s stock valued at $664,000 after acquiring an additional 143 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Vulcan Materials by 19.1% during the third quarter. Kestra Advisory Services LLC now owns 10,491 shares of the construction company’s stock valued at $1,654,000 after acquiring an additional 1,682 shares during the last quarter. Palmer Knight Co raised its stake in shares of Vulcan Materials by 8.4% during the third quarter. Palmer Knight Co now owns 26,515 shares of the construction company’s stock valued at $4,182,000 after acquiring an additional 2,060 shares during the last quarter. Assetmark Inc. raised its stake in shares of Vulcan Materials by 52.7% during the third quarter. Assetmark Inc. now owns 10,869 shares of the construction company’s stock valued at $1,714,000 after acquiring an additional 3,753 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Vulcan Materials by 8.1% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 126,751 shares of the construction company’s stock valued at $19,990,000 after buying an additional 9,473 shares during the period. 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 that occurred on Monday, December 5th. The shares were sold at an average price of $180.00, for a total transaction of $360,000.00. Following the sale, the senior vice president now owns 1,970 shares in the company, valued at $354,600. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.57% of the company’s stock.

Vulcan Materials Price Performance

Shares of VMC opened at $178.89 on Monday. The stock has a market cap of $23.78 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 1.89 and a beta of 0.79. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.31 and a current ratio of 1.71. Vulcan Materials has a fifty-two week low of $137.54 and a fifty-two week high of $193.31. The firm’s 50-day simple moving average is $179.14 and its two-hundred day simple moving average is $168.65.

Vulcan Materials (NYSE:VMC – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The construction company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Vulcan Materials had a net margin of 8.26% and a return on equity of 10.56%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2 billion. Analysts anticipate that Vulcan Materials will post 5.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Royal Bank of Canada upgraded shares of Vulcan Materials from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $170.00 to $191.00 in a research report on Friday, January 13th. StockNews.com assumed coverage on shares of Vulcan Materials in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Stifel Nicolaus boosted their price target on shares of Vulcan Materials from $215.00 to $227.00 and gave the company a “buy” rating in a research report on Monday, December 19th. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $185.00 to $200.00 in a research report on Thursday, December 8th. Finally, Raymond James reduced their price target on shares of Vulcan Materials from $197.00 to $186.00 and set an “outperform” rating on the stock in a research report on Friday, November 4th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Vulcan Materials 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.