Callan Family Office LLC Lowers Holdings in Vulcan Materials Company $VMC

Callan Family Office LLC decreased its position in Vulcan Materials Company (NYSE:VMC) by 33.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,554 shares of the construction company’s stock after selling 1,825 shares during the period. Callan Family Office LLC’s holdings in Vulcan Materials were worth $1,093,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. bought a new position in shares of Vulcan Materials in the third quarter worth approximately $29,000. Atlantic Union Bankshares Corp purchased a new position in Vulcan Materials in the 2nd quarter worth approximately $32,000. Concord Wealth Partners bought a new position in Vulcan Materials in the 2nd quarter valued at approximately $33,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Vulcan Materials during the 3rd quarter valued at $42,000. Finally, Bayforest Capital Ltd bought a new stake in shares of Vulcan Materials in the 3rd quarter worth $46,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, President Thompson S. Baker II sold 7,135 shares of Vulcan Materials stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $300.81, for a total transaction of $2,146,279.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total value of $577,100.00. Following the sale, 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. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,653 shares of company stock valued at $4,354,247 in the last 90 days. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

VMC has been the topic of a number of research analyst reports. Raymond James Financial upped their price target on Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. DA Davidson reissued a “neutral” rating and issued a $330.00 target price on shares of Vulcan Materials in a research report on Wednesday, January 14th. Citigroup raised their price target on shares of Vulcan Materials from $342.00 to $345.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Barclays boosted their price objective on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $320.38.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $310.55 on Friday. The company has a quick ratio of 1.56, a current ratio of 2.23 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $41.03 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. The firm’s 50 day moving average price is $297.48 and its 200-day moving average price is $293.19. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $318.67.

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.