Barometer Capital Management Inc. Sells 400 Shares of Vulcan Materials (NYSE:VMC)

by · The Markets Daily

Barometer Capital Management Inc. cut its holdings in shares of Vulcan Materials (NYSE:VMC – Free Report) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,800 shares of the construction company’s stock after selling 400 shares during the period. Barometer Capital Management Inc.’s holdings in Vulcan Materials were worth $1,778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VMC. Norges Bank bought a new position in shares of Vulcan Materials in the 4th quarter valued at $217,300,000. Barclays PLC lifted its stake in shares of Vulcan Materials by 98.7% in the 2nd quarter. Barclays PLC now owns 427,683 shares of the construction company’s stock valued at $96,416,000 after acquiring an additional 212,432 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Vulcan Materials by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 14,535,907 shares of the construction company’s stock valued at $2,670,246,000 after acquiring an additional 184,543 shares during the last quarter. Morgan Stanley lifted its stake in shares of Vulcan Materials by 14.9% in the 4th quarter. Morgan Stanley now owns 1,282,194 shares of the construction company’s stock valued at $224,525,000 after acquiring an additional 166,627 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of Vulcan Materials by 6,661.5% in the 1st quarter. Two Sigma Investments LP now owns 169,037 shares of the construction company’s stock valued at $29,000,000 after acquiring an additional 166,537 shares during the last quarter. 90.10% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Down 2.6 %

VMC stock traded down $5.99 during mid-day trading on Monday, reaching $228.45. 108,848 shares of the company traded hands, compared to its average volume of 656,289. The stock has a market cap of $30.35 billion, a price-to-earnings ratio of 38.00, a P/E/G ratio of 1.30 and a beta of 0.81. The company has a quick ratio of 2.47, a current ratio of 3.13 and a debt-to-equity ratio of 0.52. Vulcan Materials has a fifty-two week low of $159.76 and a fifty-two week high of $235.43. The firm’s 50 day moving average price is $222.25 and its 200 day moving average price is $215.97.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Raymond James raised their target price on Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Morgan Stanley assumed coverage on Vulcan Materials in a research report on Monday, January 8th. They set an “equal weight” rating and a $208.00 target price for the company. Seaport Res Ptn raised Vulcan Materials from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 24th. Stifel Nicolaus raised their target price on Vulcan Materials from $260.00 to $279.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. raised Vulcan Materials from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $240.00 to $245.00 in a research report on Tuesday, December 12th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and an average price target of $248.85.

Check Out Our Latest Stock Analysis on Vulcan Materials

Insiders Place Their Bets

In other Vulcan Materials news, insider Stanley G. Bass sold 1,601 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $221.09, for a total transaction of $353,965.09. Following the transaction, the insider now owns 24,981 shares of the company’s stock, valued at approximately $5,523,049.29. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Jerry F. Perkins, Jr. sold 4,575 shares of Vulcan Materials stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $209.64, for a total value of $959,103.00. Following the sale, the senior vice president now owns 6,839 shares of the company’s stock, valued at approximately $1,433,727.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stanley G. Bass sold 1,601 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $221.09, for a total transaction of $353,965.09. Following the completion of the sale, the insider now directly owns 24,981 shares in the company, valued at approximately $5,523,049.29. The disclosure for this sale can be found here. Insiders have sold a total of 7,728 shares of company stock valued at $1,641,060 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

Vulcan Materials Profile

(Free Report)

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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