Mutual of America Capital Management LLC Sells 3,528 Shares of Vulcan Materials Company $VMC

Mutual of America Capital Management LLC reduced its stake in Vulcan Materials Company (NYSE:VMC) by 19.8% in the third quarter, Holdings Channel.com reports. The fund owned 14,319 shares of the construction company’s stock after selling 3,528 shares during the period. Mutual of America Capital Management LLC’s holdings in Vulcan Materials were worth $4,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Quilter Plc raised its stake in shares of Vulcan Materials by 4.8% during the 3rd quarter. Quilter Plc now owns 6,260 shares of the construction company’s stock valued at $1,926,000 after purchasing an additional 287 shares during the period. Sagespring Wealth Partners LLC grew its holdings in Vulcan Materials by 11.1% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 1,636 shares of the construction company’s stock valued at $503,000 after buying an additional 164 shares in the last quarter. UniSuper Management Pty Ltd increased its position in shares of Vulcan Materials by 11.6% during the third quarter. UniSuper Management Pty Ltd now owns 13,511 shares of the construction company’s stock valued at $4,156,000 after buying an additional 1,408 shares during the period. Westfuller Advisors LLC purchased a new stake in shares of Vulcan Materials in the third quarter worth about $172,000. Finally, Investment Management Corp VA ADV lifted its holdings in shares of Vulcan Materials by 2.4% in the third quarter. Investment Management Corp VA ADV now owns 1,832 shares of the construction company’s stock worth $564,000 after buying an additional 43 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, President Thompson S. Baker II sold 7,135 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Denson N. Franklin III sold 665 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total transaction of $196,175.00. Following the transaction, the senior vice president directly owned 8,284 shares in the company, valued at approximately $2,443,780. This represents a 7.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 20,471 shares of company stock valued at $6,054,615. 0.62% of the stock is currently owned by corporate insiders.

Vulcan Materials Price Performance

VMC opened at $299.30 on Friday. 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 stock has a market capitalization of $39.55 billion, a P/E ratio of 35.55, a PEG ratio of 2.24 and a beta of 1.06. The stock has a 50-day moving average price of $295.84 and a 200-day moving average price of $291.67. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $313.37.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on VMC. Barclays boosted their price objective on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. 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 on the stock in a report on Friday, October 31st. Citigroup boosted their target price on Vulcan Materials from $342.00 to $345.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price target on Vulcan Materials from $310.00 to $317.00 and gave the company an “equal weight” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus target price of $320.38.

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.