Advisors Asset Management Inc. Purchases 1,548 Shares of Vulcan Materials Company $VMC

Advisors Asset Management Inc. lifted its position in shares of Vulcan Materials Company (NYSE:VMC) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,658 shares of the construction company’s stock after purchasing an additional 1,548 shares during the quarter. Advisors Asset Management Inc.’s holdings in Vulcan Materials were worth $11,277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VMC. Rosenberg Matthew Hamilton increased its position in shares of Vulcan Materials by 6.2% during the second quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock valued at $169,000 after buying an additional 38 shares during the period. Fulton Bank N.A. grew its position in shares of Vulcan Materials by 4.1% during the 3rd quarter. Fulton Bank N.A. now owns 960 shares of the construction company’s stock valued at $295,000 after purchasing an additional 38 shares in the last quarter. Harfst & Associates Inc. grew its position in shares of Vulcan Materials by 0.6% during the 3rd quarter. Harfst & Associates Inc. now owns 6,416 shares of the construction company’s stock valued at $1,974,000 after purchasing an additional 38 shares in the last quarter. Massachusetts Wealth Management increased its holdings in shares of Vulcan Materials by 0.7% in the third quarter. Massachusetts Wealth Management now owns 5,470 shares of the construction company’s stock worth $1,683,000 after purchasing an additional 40 shares during the period. Finally, Bollard Group LLC raised its position in shares of Vulcan Materials by 5.3% in the second quarter. Bollard Group LLC now owns 819 shares of the construction company’s stock worth $214,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity

In other Vulcan Materials news, SVP Denson N. Franklin III sold 665 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $295.00, for a total value of $196,175.00. Following the completion of the sale, the senior vice president owned 8,284 shares in the company, valued at approximately $2,443,780. The trade was a 7.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thompson S. Baker II sold 7,135 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $300.81, for a total value of $2,146,279.35. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 9,800 shares of company stock valued at $2,919,554. Insiders own 0.61% of the company’s stock.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $329.99 on Wednesday. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $331.09. The stock has a market capitalization of $43.60 billion, a price-to-earnings ratio of 39.19, a price-to-earnings-growth ratio of 2.45 and a beta of 1.07. The company has a fifty day moving average of $299.53 and a 200-day moving average of $294.73. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 2.23.

Analyst Ratings Changes

VMC has been the subject of several recent analyst reports. Citigroup boosted their target price on Vulcan Materials from $342.00 to $345.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. DA Davidson reissued a “neutral” rating and set a $330.00 price objective on shares of Vulcan Materials in a report on Wednesday, January 14th. Stifel Nicolaus set a $327.00 target price on shares of Vulcan Materials in a research note on Monday, November 3rd. Wells Fargo & Company lifted their target price on shares of Vulcan Materials from $310.00 to $317.00 and gave the company an “equal weight” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $320.38.

Vulcan Materials Company 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.