Cerity Partners LLC Has $11.53 Million Stock Position in Vulcan Materials Company $VMC

Cerity Partners LLC raised its stake in Vulcan Materials Company (NYSE:VMC) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,482 shares of the construction company’s stock after acquiring an additional 1,799 shares during the quarter. Cerity Partners LLC’s holdings in Vulcan Materials were worth $11,530,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Unified Investment Management increased its stake in shares of Vulcan Materials by 1.7% during the second quarter. Unified Investment Management now owns 2,259 shares of the construction company’s stock worth $589,000 after purchasing an additional 38 shares during the period. Rosenberg Matthew Hamilton grew its holdings in Vulcan Materials by 6.2% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock valued at $169,000 after buying an additional 38 shares in the last quarter. Fulton Bank N.A. grew its holdings in Vulcan Materials by 4.1% in the 3rd quarter. Fulton Bank N.A. now owns 960 shares of the construction company’s stock valued at $295,000 after buying an additional 38 shares in the last quarter. Chemistry Wealth Management LLC increased its position in Vulcan Materials by 3.0% during the 2nd quarter. Chemistry Wealth Management LLC now owns 1,343 shares of the construction company’s stock worth $350,000 after buying an additional 39 shares during the period. Finally, Massachusetts Wealth Management lifted its holdings in shares of Vulcan Materials by 0.7% during the third quarter. Massachusetts Wealth Management now owns 5,470 shares of the construction company’s stock worth $1,683,000 after buying an additional 40 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at Vulcan Materials

In related news, President Thompson S. Baker II sold 7,135 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $300.81, for a total transaction of $2,146,279.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David P. Clement sold 2,000 shares of the firm’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 completion of the sale, the senior vice president owned 832 shares in the company, valued at $240,073.60. This represents a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 20,471 shares of company stock valued at $6,054,615. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

VMC has been the subject of a number of recent research reports. Barclays boosted their target price on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Stifel Nicolaus set a $327.00 price objective on shares of Vulcan Materials in a report on Monday, November 3rd. Wells Fargo & Company upgraded shares of Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a report on Thursday, October 30th. Finally, Raymond James Financial boosted 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. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $317.83.

Vulcan Materials Trading Up 4.2%

Shares of VMC opened at $311.71 on Friday. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $311.92. The business’s fifty day moving average is $291.60 and its 200-day moving average is $288.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 2.23. The firm has a market cap of $41.19 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 2.20 and a beta of 1.06.

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

About Vulcan Materials

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.