Vulcan Materials Company $VMC Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its position in shares of Vulcan Materials Company (NYSE:VMC) by 19.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,202 shares of the construction company’s stock after selling 1,692 shares during the quarter. Bessemer Group Inc.’s holdings in Vulcan Materials were worth $2,215,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Vulcan Materials during the 2nd quarter valued at about $308,908,000. JPMorgan Chase & Co. lifted its stake in Vulcan Materials by 12.3% during the second quarter. JPMorgan Chase & Co. now owns 7,824,987 shares of the construction company’s stock valued at $2,040,914,000 after purchasing an additional 857,210 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Vulcan Materials by 598.5% during the second quarter. Franklin Resources Inc. now owns 719,924 shares of the construction company’s stock worth $187,771,000 after buying an additional 616,850 shares in the last quarter. Vontobel Holding Ltd. grew its position in Vulcan Materials by 48.3% in the third quarter. Vontobel Holding Ltd. now owns 1,511,427 shares of the construction company’s stock worth $464,945,000 after buying an additional 491,957 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Vulcan Materials by 5.8% in the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock valued at $2,345,703,000 after buying an additional 414,828 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the senior vice president owned 832 shares in the company, valued at approximately $240,073.60. This trade represents a 70.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thompson S. Baker II sold 7,135 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $300.81, for a total value of $2,146,279.35. The disclosure for this sale is available in the SEC filing. Insiders sold 14,653 shares of company stock valued at $4,354,247 in the last three months. Corporate insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Up 4.3%

VMC stock opened at $323.98 on Monday. The company has a quick ratio of 1.56, a current ratio of 2.23 and a debt-to-equity ratio of 0.50. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $324.56. The company has a 50 day moving average of $298.02 and a two-hundred day moving average of $293.95. The company has a market cap of $42.81 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 2.42 and a beta of 1.07.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VMC. B. Riley Financial began coverage on Vulcan Materials in a research note on Thursday, January 15th. They set a “buy” rating and a $345.00 price objective for the company. Stifel Nicolaus set a $327.00 price target on Vulcan Materials in a research report on Monday, November 3rd. DA Davidson restated a “neutral” rating and set a $330.00 price objective on shares of Vulcan Materials in a report on Wednesday, January 14th. Citigroup upped their price objective on shares of Vulcan Materials from $342.00 to $345.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, Wells Fargo & Company lifted their target price on shares of Vulcan Materials from $310.00 to $317.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average target price of $320.38.

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.