Tema Etfs LLC Grows Position in Vulcan Materials Company $VMC

Tema Etfs LLC raised its stake in shares of Vulcan Materials Company (NYSE:VMC) by 13.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,399 shares of the construction company’s stock after purchasing an additional 2,718 shares during the period. Tema Etfs LLC’s holdings in Vulcan Materials were worth $7,198,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Unified Investment Management lifted its position in shares of Vulcan Materials by 1.7% during the 2nd quarter. Unified Investment Management now owns 2,259 shares of the construction company’s stock valued at $589,000 after buying an additional 38 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in Vulcan Materials by 6.2% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock worth $169,000 after acquiring an additional 38 shares in the last quarter. Fulton Bank N.A. raised its stake in Vulcan Materials by 4.1% during the 3rd quarter. Fulton Bank N.A. now owns 960 shares of the construction company’s stock worth $295,000 after acquiring an additional 38 shares during the period. Harfst & Associates Inc. raised its stake in Vulcan Materials by 0.6% during the 3rd quarter. Harfst & Associates Inc. now owns 6,416 shares of the construction company’s stock worth $1,974,000 after acquiring an additional 38 shares during the period. Finally, Chemistry Wealth Management LLC lifted its holdings in Vulcan Materials by 3.0% during the second quarter. Chemistry Wealth Management LLC now owns 1,343 shares of the construction company’s stock valued at $350,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at Vulcan Materials

In related 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 value of $577,100.00. Following the completion of the transaction, the senior vice president directly owned 832 shares of the company’s stock, valued at approximately $240,073.60. This trade represents a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Denson N. Franklin III sold 665 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $295.00, for a total transaction of $196,175.00. Following the completion of the sale, the senior vice president owned 8,284 shares in the company, valued at $2,443,780. This represents a 7.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 20,471 shares of company stock worth $6,054,615 in the last quarter. 0.61% of the stock is owned by corporate insiders.

Vulcan Materials Stock Up 4.2%

Shares of VMC stock opened at $311.71 on Monday. The company’s fifty day simple moving average is $291.60 and its two-hundred day simple moving average is $288.42. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $311.92. The stock has a market cap of $41.19 billion, a P/E ratio of 37.02, a PEG ratio of 2.20 and a beta of 1.06. 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 (NYSE:VMC) last issued its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.12. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.The business’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.22 earnings per share. Analysts predict that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VMC shares. DA Davidson increased their price objective on shares of Vulcan Materials from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada cut their price target on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a research report on Thursday, October 30th. JPMorgan Chase & Co. upped their price objective on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $317.83.

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.