State Street Corp Has $699.22 Million Stake in Vulcan Materials Company (VMC)

State Street Corp lowered its stake in shares of Vulcan Materials Company (NYSE:VMC) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,519,686 shares of the construction company’s stock after selling 94,112 shares during the quarter. State Street Corp owned 4.17% of Vulcan Materials worth $699,224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VMC. Sun Life Financial INC increased its position in shares of Vulcan Materials by 10,666.7% during the 2nd quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock valued at $123,000 after purchasing an additional 960 shares during the last quarter. NN Investment Partners Holdings N.V. increased its position in shares of Vulcan Materials by 25.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock valued at $126,000 after purchasing an additional 200 shares during the last quarter. Korea Investment CORP increased its position in shares of Vulcan Materials by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock valued at $156,000 after purchasing an additional 718 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of Vulcan Materials during the 2nd quarter valued at approximately $187,000. Finally, NEXT Financial Group Inc increased its position in shares of Vulcan Materials by 6.9% during the 2nd quarter. NEXT Financial Group Inc now owns 1,600 shares of the construction company’s stock valued at $203,000 after purchasing an additional 103 shares during the last quarter. 87.13% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on VMC. Royal Bank Of Canada reissued a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a research report on Tuesday. Citigroup Inc. reissued a “buy” rating and set a $140.00 target price (down previously from $145.00) on shares of Vulcan Materials in a research report on Monday. Jefferies Group LLC set a $114.00 target price on Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Stephens raised Vulcan Materials from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $140.00 to $145.00 in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $137.83.

In other Vulcan Materials news, insider David B. Pasley sold 1,250 shares of Vulcan Materials stock in a transaction on Friday, September 1st. The stock was sold at an average price of $121.51, for a total value of $151,887.50. Following the sale, the insider now owns 2,857 shares in the company, valued at $347,154.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael R. Mills sold 981 shares of Vulcan Materials stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total value of $115,316.55. Following the completion of the sale, the insider now owns 23,871 shares in the company, valued at approximately $2,806,036.05. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: “State Street Corp Has $699.22 Million Stake in Vulcan Materials Company (VMC)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/10/state-street-corp-has-699-22-million-stake-in-vulcan-materials-company-vmc.html.

Shares of Vulcan Materials Company (VMC) traded down 0.67% during trading on Tuesday, reaching $119.39. The company’s stock had a trading volume of 33,117 shares. The stock has a 50 day moving average of $117.58 and a 200-day moving average of $122.36. Vulcan Materials Company has a 1-year low of $105.71 and a 1-year high of $138.18. The company has a market capitalization of $15.79 billion, a PE ratio of 38.44 and a beta of 0.87.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.32). Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm ear

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VMC. Sun Life Financial INC increased its position in shares of Vulcan Materials by 10,666.7% during the 2nd quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock valued at $123,000 after purchasing an additional 960 shares during the last quarter. NN Investment Partners Holdings N.V. increased its position in shares of Vulcan Materials by 25.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock valued at $126,000 after purchasing an additional 200 shares during the last quarter. Korea Investment CORP increased its position in shares of Vulcan Materials by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock valued at $156,000 after purchasing an additional 718 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of Vulcan Materials during the 2nd quarter valued at approximately $187,000. Finally, NEXT Financial Group Inc increased its position in shares of Vulcan Materials by 6.9% during the 2nd quarter. NEXT Financial Group Inc now owns 1,600 shares of the construction company’s stock valued at $203,000 after purchasing an additional 103 shares during the last quarter. 87.13% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on VMC. Royal Bank Of Canada reissued a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a research report on Tuesday. Citigroup Inc. reissued a “buy” rating and set a $140.00 target price (down previously from $145.00) on shares of Vulcan Materials in a research report on Monday. Jefferies Group LLC set a $114.00 target price on Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Stephens raised Vulcan Materials from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $140.00 to $145.00 in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $137.83.

In other Vulcan Materials news, insider David B. Pasley sold 1,250 shares of Vulcan Materials stock in a transaction on Friday, September 1st. The stock was sold at an average price of $121.51, for a total value of $151,887.50. Following the sale, the insider now owns 2,857 shares in the company, valued at $347,154.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael R. Mills sold 981 shares of Vulcan Materials stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total value of $115,316.55. Following the completion of the sale, the insider now owns 23,871 shares in the company, valued at approximately $2,806,036.05. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: “State Street Corp Has $699.22 Million Stake in Vulcan Materials Company (VMC)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/10/state-street-corp-has-699-22-million-stake-in-vulcan-materials-company-vmc.html.

Shares of Vulcan Materials Company (VMC) traded down 0.67% during trading on Tuesday, reaching $119.39. The company’s stock had a trading volume of 33,117 shares. The stock has a 50 day moving average of $117.58 and a 200-day moving average of $122.36. Vulcan Materials Company has a 1-year low of $105.71 and a 1-year high of $138.18. The company has a market capitalization of $15.79 billion, a PE ratio of 38.44 and a beta of 0.87.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.32). Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. Vulcan Materials’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts expect that Vulcan Materials Company will post $3.34 earnings per share for the current year.

Vulcan Materials Company Profile

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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