Calamos Wealth Management LLC Sells 154 Shares of Vulcan Materials (NYSE:VMC)

Calamos Wealth Management LLC lowered its stake in shares of Vulcan Materials (NYSE:VMC) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,654 shares of the construction company’s stock after selling 154 shares during the period. Calamos Wealth Management LLC’s holdings in Vulcan Materials were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in VMC. First Trust Advisors LP raised its holdings in Vulcan Materials by 64.2% in the first quarter. First Trust Advisors LP now owns 34,452 shares of the construction company’s stock worth $4,079,000 after purchasing an additional 13,476 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Vulcan Materials by 13.5% during the second quarter. Canada Pension Plan Investment Board now owns 16,051 shares of the construction company’s stock valued at $2,204,000 after acquiring an additional 1,915 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Vulcan Materials by 22.3% during the second quarter. MML Investors Services LLC now owns 3,059 shares of the construction company’s stock valued at $420,000 after acquiring an additional 557 shares in the last quarter. US Bancorp DE increased its holdings in shares of Vulcan Materials by 4.3% during the second quarter. US Bancorp DE now owns 19,339 shares of the construction company’s stock valued at $2,656,000 after acquiring an additional 792 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Vulcan Materials by 1.6% during the second quarter. Asset Management One Co. Ltd. now owns 116,637 shares of the construction company’s stock valued at $16,017,000 after acquiring an additional 1,886 shares in the last quarter. Hedge funds and other institutional investors own 92.04% of the company’s stock.

Shares of NYSE VMC opened at $139.66 on Thursday. The business’s 50 day moving average price is $142.44 and its 200 day moving average price is $142.17. The firm has a market cap of $18.95 billion, a P/E ratio of 34.48, a P/E/G ratio of 1.37 and a beta of 0.88. Vulcan Materials has a 52 week low of $97.45 and a 52 week high of $152.49. The company has a quick ratio of 1.67, a current ratio of 2.47 and a debt-to-equity ratio of 0.57.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.02). Vulcan Materials had a return on equity of 11.55% and a net margin of 12.43%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company posted $1.40 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, research analysts expect that Vulcan Materials will post 4.81 earnings per share for the current year.

Several research firms have recently issued reports on VMC. Royal Bank of Canada upped their price objective on shares of Vulcan Materials from $142.00 to $156.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Vertical Research began coverage on shares of Vulcan Materials in a report on Tuesday, October 22nd. They set a “hold” rating and a $160.00 price objective on the stock. BNP Paribas began coverage on shares of Vulcan Materials in a report on Wednesday, October 9th. They set an “underperform” rating on the stock. Exane BNP Paribas began coverage on shares of Vulcan Materials in a report on Wednesday, October 9th. They set an “underperform” rating on the stock. Finally, Bank of America upgraded shares of Vulcan Materials from an “underperform” rating to a “neutral” rating and set a $157.00 price objective on the stock in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. Vulcan Materials has a consensus rating of “Hold” and a consensus price target of $152.76.

In other Vulcan Materials news, insider Fehlberg Barry 1,000,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. Also, VP Randy L. Pigg sold 643 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $140.64, for a total value of $90,431.52. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

Vulcan Materials Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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