Wilmington Savings Fund Society FSB Grows Position in Vulcan Materials Company $VMC

Wilmington Savings Fund Society FSB raised its stake in shares of Vulcan Materials Company (NYSE:VMC) by 71.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,282 shares of the construction company’s stock after purchasing an additional 2,610 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Vulcan Materials were worth $1,932,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VMC. ORG Partners LLC boosted its stake in Vulcan Materials by 86.3% during the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after buying an additional 44 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Vulcan Materials in the 2nd quarter worth approximately $32,000. Concord Wealth Partners purchased a new stake in shares of Vulcan Materials during the 2nd quarter worth approximately $33,000. Bayforest Capital Ltd bought a new position in shares of Vulcan Materials during the 3rd quarter valued at approximately $46,000. Finally, Steph & Co. bought a new position in shares of Vulcan Materials during the 2nd quarter valued at approximately $55,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 1.4%

VMC opened at $306.06 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 2.23. The stock’s 50 day moving average price is $293.38 and its 200-day moving average price is $289.78. Vulcan Materials Company has a one year low of $215.08 and a one year high of $313.37. The stock has a market cap of $40.44 billion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 2.13 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.12. The company had revenue of $2.29 billion during 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%.Vulcan Materials’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.22 EPS. On average, equities analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on VMC shares. Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a research report on Thursday, October 30th. Royal Bank Of Canada decreased their price objective on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Raymond James Financial raised their price objective on Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. B. Riley started coverage on Vulcan Materials in a research report on Thursday. They set a “buy” rating and a $345.00 target price on the stock. Finally, Citigroup increased their price target on Vulcan Materials from $342.00 to $345.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $319.92.

Insider Activity

In other news, President Thompson S. Baker II sold 7,135 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Denson N. Franklin III sold 665 shares of Vulcan Materials stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total transaction of $196,175.00. Following the sale, the senior vice president owned 8,284 shares of the company’s stock, valued at $2,443,780. The trade was a 7.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 20,471 shares of company stock valued at $6,054,615. 0.62% of the stock is currently owned by company insiders.

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.