Resona Asset Management Co. Ltd. Decreases Holdings in Vulcan Materials Company $VMC

Resona Asset Management Co. Ltd. trimmed its holdings in Vulcan Materials Company (NYSE:VMC) by 4.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 41,522 shares of the construction company’s stock after selling 2,037 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $12,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VMC. UniSuper Management Pty Ltd raised its position in Vulcan Materials by 11.6% in the 3rd quarter. UniSuper Management Pty Ltd now owns 13,511 shares of the construction company’s stock worth $4,156,000 after purchasing an additional 1,408 shares during the period. Westfuller Advisors LLC bought a new position in shares of Vulcan Materials during the third quarter valued at about $172,000. Investment Management Corp VA ADV grew its stake in shares of Vulcan Materials by 2.4% during the third quarter. Investment Management Corp VA ADV now owns 1,832 shares of the construction company’s stock valued at $564,000 after buying an additional 43 shares during the last quarter. Grandfield & Dodd LLC increased its holdings in shares of Vulcan Materials by 13.0% in the third quarter. Grandfield & Dodd LLC now owns 12,218 shares of the construction company’s stock worth $3,759,000 after buying an additional 1,407 shares during the period. Finally, WBH Advisory Inc. bought a new stake in shares of Vulcan Materials in the 3rd quarter valued at about $442,000. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thompson S. Baker II sold 7,135 shares of Vulcan Materials stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $300.81, for a total transaction of $2,146,279.35. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 20,471 shares of company stock worth $6,054,615. 0.61% of the stock is currently owned by corporate insiders.

Vulcan Materials Trading Down 1.0%

NYSE VMC opened at $300.14 on Monday. The stock has a market cap of $39.66 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $313.37. The stock has a 50 day simple moving average of $294.54 and a two-hundred day simple moving average of $291.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 2.23.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Thursday, October 30th. The construction company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.12. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the company earned $2.22 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Analysts Set New Price Targets

VMC has been the subject of several analyst reports. Citigroup increased their target price on Vulcan Materials from $342.00 to $345.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. DA Davidson reaffirmed a “neutral” rating and issued a $330.00 target price on shares of Vulcan Materials in a research note on Wednesday, January 14th. Finally, Royal Bank Of Canada lowered their price target on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $319.92.

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.