Emerald Advisers LLC Boosts Stake in Vulcan Materials (VMC)

Emerald Advisers LLC raised its stake in shares of Vulcan Materials (NYSE:VMC) by 8.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 12,180 shares of the construction company’s stock after acquiring an additional 976 shares during the quarter. Emerald Advisers LLC’s holdings in Vulcan Materials were worth $1,442,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Utah Retirement Systems increased its stake in Vulcan Materials by 0.4% in the fourth quarter. Utah Retirement Systems now owns 24,560 shares of the construction company’s stock valued at $2,426,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System increased its stake in Vulcan Materials by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the construction company’s stock valued at $829,000 after acquiring an additional 100 shares during the period. Thrivent Financial for Lutherans increased its stake in Vulcan Materials by 1.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,776 shares of the construction company’s stock valued at $571,000 after acquiring an additional 101 shares during the period. Round Table Services LLC increased its stake in Vulcan Materials by 3.8% in the first quarter. Round Table Services LLC now owns 2,811 shares of the construction company’s stock valued at $333,000 after acquiring an additional 102 shares during the period. Finally, Commonwealth Bank of Australia increased its stake in Vulcan Materials by 21.9% in the fourth quarter. Commonwealth Bank of Australia now owns 624 shares of the construction company’s stock valued at $58,000 after acquiring an additional 112 shares during the period. Institutional investors own 96.31% of the company’s stock.

A number of analysts recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Vulcan Materials in a research note on Wednesday, April 3rd. They issued a “hold” rating and a $115.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Vulcan Materials in a research note on Thursday, March 21st. They issued an “overweight” rating and a $135.00 target price on the stock. Goldman Sachs Group raised shares of Vulcan Materials from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, March 6th. Jefferies Financial Group upped their target price on shares of Vulcan Materials to $133.00 and gave the company a “buy” rating in a research note on Friday, February 15th. Finally, Deutsche Bank upped their target price on shares of Vulcan Materials to $125.00 and gave the company a “buy” rating in a research note on Friday, February 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given 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 shares were sold at an average price of $114.28, for a total value of $318,726.92. Following the transaction, the insider now directly owns 4,340 shares in the company, valued at $495,975.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.79% of the stock is owned by insiders.

NYSE:VMC opened at $128.50 on Friday. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 1.82 and a beta of 0.94. Vulcan Materials has a 12 month low of $82.52 and a 12 month 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.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.13. The firm had revenue of $996.50 million for the quarter, compared to analyst estimates of $915.68 million. Vulcan Materials had a net margin of 11.77% and a return on equity of 10.71%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. Research analysts predict that Vulcan Materials will post 4.75 earnings per share for the current fiscal year.

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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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