Vulcan Materials (NYSE:VMC) Sets New 52-Week High – Here’s What Happened

Vulcan Materials Company (NYSE:VMC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $318.67 and last traded at $313.2790, with a volume of 432094 shares. The stock had previously closed at $305.92.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VMC shares. Raymond James Financial increased their price objective on shares of Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. DA Davidson reiterated a “neutral” rating and issued a $330.00 target price on shares of Vulcan Materials in a report on Wednesday, January 14th. Royal Bank Of Canada reduced their price target on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Wells Fargo & Company raised their price objective on shares of Vulcan Materials from $310.00 to $317.00 and gave the company an “equal weight” rating in a research note on Thursday, January 29th. Finally, Citigroup boosted their target price on shares of Vulcan Materials from $342.00 to $345.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and an average target price of $320.38.

Vulcan Materials Stock Up 1.5%

The company has a current ratio of 2.23, a quick ratio of 1.56 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $41.05 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.25 and a beta of 1.06. The stock’s 50-day simple moving average is $296.47 and its 200-day simple moving average is $292.62.

Insider Buying and Selling

In related news, President Thompson S. Baker II sold 7,135 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $300.81, for a total transaction of $2,146,279.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total transaction of $577,100.00. Following the completion of the transaction, the senior vice president owned 832 shares in the company, valued at approximately $240,073.60. The trade was a 70.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 14,653 shares of company stock worth $4,354,247. 0.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vulcan Materials

Institutional investors and hedge funds have recently bought and sold shares of the company. Composition Wealth LLC lifted its position in shares of Vulcan Materials by 3.5% during the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock valued at $289,000 after buying an additional 34 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in Vulcan Materials by 6.2% during the second quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock worth $169,000 after purchasing an additional 38 shares during the period. Fulton Bank N.A. increased its stake in shares of Vulcan Materials by 4.1% in the third quarter. Fulton Bank N.A. now owns 960 shares of the construction company’s stock worth $295,000 after purchasing an additional 38 shares in the last quarter. Harfst & Associates Inc. raised its position in shares of Vulcan Materials by 0.6% in the third quarter. Harfst & Associates Inc. now owns 6,416 shares of the construction company’s stock valued at $1,974,000 after purchasing an additional 38 shares during the period. Finally, Capital Investment Advisors LLC lifted its stake in shares of Vulcan Materials by 5.5% during the 4th quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock valued at $206,000 after buying an additional 38 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.