SG Americas Securities LLC Sells 2,579 Shares of Vulcan Materials Company $VMC

SG Americas Securities LLC lowered its position in Vulcan Materials Company (NYSE:VMC) by 57.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,930 shares of the construction company’s stock after selling 2,579 shares during the period. SG Americas Securities LLC’s holdings in Vulcan Materials were worth $594,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VMC. ORG Partners LLC increased its stake in Vulcan Materials by 86.3% in the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after buying an additional 44 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Vulcan Materials in the second quarter valued at approximately $32,000. Concord Wealth Partners purchased a new stake in shares of Vulcan Materials during the second quarter valued at approximately $33,000. Steph & Co. bought a new stake in Vulcan Materials during the second quarter worth $55,000. Finally, Clearstead Trust LLC lifted its holdings in Vulcan Materials by 71.7% during the second quarter. Clearstead Trust LLC now owns 218 shares of the construction company’s stock worth $57,000 after acquiring an additional 91 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $288.55, for a total transaction of $577,100.00. Following the sale, the senior vice president owned 832 shares in the company, valued at $240,073.60. This represents a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thompson S. Baker II sold 7,135 shares of Vulcan Materials stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $300.81, for a total value of $2,146,279.35. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,471 shares of company stock worth $6,054,615 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a research note on Thursday, October 30th. Wells Fargo & Company upgraded shares of Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. B. Riley assumed coverage on shares of Vulcan Materials in a research report on Thursday, January 15th. They issued a “buy” rating and a $345.00 price objective on the stock. DA Davidson reiterated a “neutral” rating and issued a $330.00 target price on shares of Vulcan Materials in a research note on Wednesday, January 14th. Finally, Royal Bank Of Canada decreased 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 note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.92.

Vulcan Materials Price Performance

NYSE VMC opened at $303.25 on Friday. The company has a quick ratio of 1.56, a current ratio of 2.23 and a debt-to-equity ratio of 0.50. The company has a market cap of $40.07 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $313.37. The firm’s 50-day simple moving average is $294.14 and its two-hundred day simple moving average is $290.59.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.12. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Vulcan Materials had a net margin of 14.19% and a return on equity of 13.47%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $2.22 earnings per share. Research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials 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.