IFM Investors Pty Ltd raised its position in shares of Vulcan Materials (NYSE:VMC) by 16.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,301 shares of the construction company’s stock after buying an additional 1,342 shares during the quarter. IFM Investors Pty Ltd’s holdings in Vulcan Materials were worth $1,101,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMC. The Manufacturers Life Insurance Company boosted its holdings in Vulcan Materials by 1.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 135,131 shares of the construction company’s stock valued at $15,027,000 after acquiring an additional 2,447 shares during the period. Pacer Advisors Inc. boosted its holdings in Vulcan Materials by 13.6% during the 3rd quarter. Pacer Advisors Inc. now owns 6,836 shares of the construction company’s stock valued at $760,000 after acquiring an additional 816 shares during the period. Vident Investment Advisory LLC purchased a new position in Vulcan Materials during the 3rd quarter valued at $469,000. Mackenzie Financial Corp boosted its holdings in Vulcan Materials by 180.2% during the 3rd quarter. Mackenzie Financial Corp now owns 6,049 shares of the construction company’s stock valued at $673,000 after acquiring an additional 3,890 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Vulcan Materials during the 3rd quarter valued at $3,025,000. Institutional investors and hedge funds own 95.81% of the company’s stock.
Shares of VMC stock opened at $122.80 on Monday. Vulcan Materials has a 1-year low of $82.52 and a 1-year high of $133.59. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. The firm has a market cap of $16.22 billion, a P/E ratio of 30.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93.
A number of equities analysts recently issued reports on VMC shares. TheStreet upgraded Vulcan Materials from a “c+” rating to a “b-” rating in a report on Friday, February 1st. Berenberg Bank initiated coverage on Vulcan Materials in a research report on Wednesday, April 3rd. They set a “hold” rating and a $115.00 target price for the company. Goldman Sachs Group raised Vulcan Materials from a “buy” rating to a “conviction-buy” rating in a research report on Wednesday, March 6th. Deutsche Bank lifted their target price on Vulcan Materials to $125.00 and gave the company a “buy” rating in a research report on Friday, February 15th. Finally, Citigroup decreased their target price on Vulcan Materials from $128.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, January 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $123.31.
In other Vulcan Materials news, insider David P. Clement sold 2,789 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $114.28, for a total transaction of $318,726.92. Following the sale, the insider now owns 4,340 shares in the company, valued at approximately $495,975.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by insiders.
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Vulcan Materials Company 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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