EFG Asset Management North America Corp. Acquires New Stake in Vulcan Materials Company $VMC

EFG Asset Management North America Corp. bought a new position in Vulcan Materials Company (NYSE:VMC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,006 shares of the construction company’s stock, valued at approximately $1,232,000.

A number of other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Vulcan Materials during the 2nd quarter valued at about $308,908,000. JPMorgan Chase & Co. lifted its stake in shares of Vulcan Materials by 12.3% in the second quarter. JPMorgan Chase & Co. now owns 7,824,987 shares of the construction company’s stock worth $2,040,914,000 after buying an additional 857,210 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Vulcan Materials by 598.5% during the second quarter. Franklin Resources Inc. now owns 719,924 shares of the construction company’s stock valued at $187,771,000 after buying an additional 616,850 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Vulcan Materials by 48.3% during the third quarter. Vontobel Holding Ltd. now owns 1,511,427 shares of the construction company’s stock valued at $464,945,000 after buying an additional 491,957 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Vulcan Materials by 71.3% during the second quarter. AQR Capital Management LLC now owns 566,909 shares of the construction company’s stock valued at $147,861,000 after acquiring an additional 236,058 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Price Performance

NYSE VMC opened at $298.61 on Wednesday. The business’s fifty day moving average is $295.28 and its 200 day moving average is $291.56. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $313.37. 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 company has a market capitalization of $39.46 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $2.84 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company earned $2.22 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Sell-side analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Insider Buying and Selling at Vulcan Materials

In related news, President Thompson S. Baker II sold 7,135 shares of Vulcan Materials stock in a transaction 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 SEC, which is available at the SEC website. Also, SVP David P. Clement sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $288.55, for a total transaction of $577,100.00. Following the completion of the transaction, the senior vice president directly owned 832 shares of the company’s stock, valued at $240,073.60. This represents a 70.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,471 shares of company stock valued at $6,054,615 over the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

VMC has been the topic of several analyst reports. Stifel Nicolaus set a $327.00 price objective on Vulcan Materials in a research report on Monday, November 3rd. B. Riley initiated coverage on Vulcan Materials in a report on Thursday, January 15th. They set a “buy” rating and a $345.00 price target on the stock. DA Davidson reiterated a “neutral” rating and issued a $330.00 price objective on shares of Vulcan Materials in a report on Wednesday, January 14th. Raymond James Financial upped their target price on shares of Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $319.92.

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.