Wilbanks Smith & Thomas Asset Management LLC Acquires 4 Shares of Vulcan Materials Company (VMC)
Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,396 shares of the construction company’s stock after acquiring an additional 4 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Vulcan Materials were worth $810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Sun Life Financial INC grew its holdings in Vulcan Materials by 10,666.7% during the 2nd quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after acquiring an additional 960 shares in the last quarter. NN Investment Partners Holdings N.V. lifted its position in shares of Vulcan Materials by 25.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock valued at $126,000 after buying an additional 200 shares during the last quarter. Korea Investment CORP lifted its position in shares of Vulcan Materials by 140.5% during the second quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock valued at $156,000 after buying an additional 718 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of Vulcan Materials during the second quarter valued at about $187,000. Finally, Wetherby Asset Management Inc. purchased a new stake in shares of Vulcan Materials during the second quarter valued at about $203,000. Institutional investors own 87.13% of the company’s stock.
Vulcan Materials Company (NYSE VMC) traded down 1.39% during mid-day trading on Wednesday, hitting $117.36. 199,547 shares of the company’s stock traded hands. The stock has a market cap of $15.52 billion, a PE ratio of 38.86 and a beta of 0.87. Vulcan Materials Company has a one year low of $105.71 and a one year high of $138.18. The firm’s 50-day moving average price is $117.76 and its 200-day moving average price is $122.41.
Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.32). The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. Vulcan Materials’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. On average, analysts forecast that Vulcan Materials Company will post $3.31 EPS for the current fiscal year.
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VMC has been the subject of several analyst reports. BidaskClub lowered shares of Vulcan Materials from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Stephens raised shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $140.00 to $145.00 in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of Vulcan Materials from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Jefferies Group LLC set a $114.00 price target on shares of Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $154.00 price target on shares of Vulcan Materials in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $137.83.
In related news, insider Michael R. Mills sold 981 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the sale, the insider now owns 23,871 shares in the company, valued at $2,806,036.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David B. Pasley sold 1,250 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $347,154.07. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.
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).
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