Wolverine Asset Management LLC Invests $1.38 Million in Vulcan Materials Company $VMC

Wolverine Asset Management LLC acquired a new stake in shares of Vulcan Materials Company (NYSE:VMC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,500 shares of the construction company’s stock, valued at approximately $1,384,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC raised its stake in Vulcan Materials by 86.3% during the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after acquiring an additional 44 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of Vulcan Materials in the second quarter worth $32,000. Concord Wealth Partners bought a new stake in shares of Vulcan Materials during the 2nd quarter valued at $33,000. Bayforest Capital Ltd purchased a new position in shares of Vulcan Materials during the 3rd quarter valued at $46,000. Finally, Steph & Co. bought a new position in Vulcan Materials in the 2nd quarter worth $55,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vulcan Materials

In other Vulcan Materials 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 stock was sold at an average price of $300.81, for a total transaction of $2,146,279.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP David P. Clement sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total value of $577,100.00. Following the sale, the senior vice president owned 832 shares in the company, valued at approximately $240,073.60. This trade represents a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,471 shares of company stock worth $6,054,615 in the last three months. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the topic of a number of recent analyst reports. DA Davidson reissued a “neutral” rating and set a $330.00 price target on shares of Vulcan Materials in a report on Wednesday. Royal Bank Of Canada cut their target price on 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. JPMorgan Chase & Co. boosted their price target on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Raymond James Financial upped their price target on Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company upgraded shares of Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $319.92.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $306.06 on Friday. The firm has a market cap of $40.44 billion, a PE ratio of 36.35, a PEG ratio of 2.13 and a beta of 1.06. The stock has a 50 day moving average of $293.38 and a 200 day moving average of $289.78. The company has a current ratio of 2.23, a quick ratio of 1.56 and a debt-to-equity ratio of 0.50. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $313.37.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.12. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the firm earned $2.22 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal 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.