Vulcan Materials (VMC) Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. reduced its position in Vulcan Materials (NYSE:VMC) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 77,118 shares of the construction company’s stock after selling 1,250 shares during the period. Vulcan Materials accounts for about 1.2% of Leavell Investment Management Inc.’s holdings, making the stock its 15th biggest holding. Leavell Investment Management Inc. owned 0.06% of Vulcan Materials worth $9,900,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. L & S Advisors Inc increased its position in Vulcan Materials by 0.7% during the 2nd quarter. L & S Advisors Inc now owns 3,870 shares of the construction company’s stock worth $490,000 after purchasing an additional 25 shares during the period. Thrivent Financial For Lutherans increased its position in Vulcan Materials by 2.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,000 shares of the construction company’s stock worth $633,000 after purchasing an additional 120 shares during the period. Linscomb & Williams Inc. increased its position in Vulcan Materials by 3.1% during the 2nd quarter. Linscomb & Williams Inc. now owns 4,120 shares of the construction company’s stock worth $522,000 after purchasing an additional 125 shares during the period. Nordea Investment Management AB grew its holdings in shares of Vulcan Materials by 3.7% in the 2nd quarter. Nordea Investment Management AB now owns 4,988 shares of the construction company’s stock worth $632,000 after acquiring an additional 176 shares during the period. Finally, M&T Bank Corp grew its holdings in shares of Vulcan Materials by 4.4% in the 2nd quarter. M&T Bank Corp now owns 7,860 shares of the construction company’s stock worth $996,000 after acquiring an additional 330 shares during the period. 89.04% of the stock is owned by hedge funds and other institutional investors.

In other Vulcan Materials news, insider Michael R. Mills sold 4,659 shares of Vulcan Materials stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the transaction, the insider now owns 45,351 shares in the company, valued at $6,043,020.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael R. Mills sold 3,738 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total transaction of $502,985.28. Following the completion of the transaction, the insider now owns 44,581 shares in the company, valued at approximately $5,998,819.36. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Vulcan Materials (NYSE:VMC) traded up $0.89 during trading hours on Thursday, reaching $134.58. The company had a trading volume of 698,100 shares, compared to its average volume of 1,342,555. The firm has a market capitalization of $17,860.00, a P/E ratio of 45.93, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87. Vulcan Materials has a fifty-two week low of $108.95 and a fifty-two week high of $136.82. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $1.01 EPS. analysts expect that Vulcan Materials will post 3.01 earnings per share for the current fiscal year.

VMC has been the topic of a number of recent research reports. Jefferies Group reissued a “hold” rating and set a $135.00 price target on shares of Vulcan Materials in a research note on Wednesday. Barclays assumed coverage on Vulcan Materials in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $135.00 target price on the stock. Zacks Investment Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Citigroup reaffirmed a “buy” rating and issued a $140.00 target price (down from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. Finally, Stephens reaffirmed a “buy” rating and issued a $158.00 target price on shares of Vulcan Materials in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Vulcan Materials currently has an average rating of “Hold” and an average price target of $143.00.

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About Vulcan Materials

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).

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

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