Amalgamated Bank Has $7.26 Million Stock Position in Vulcan Materials (NYSE:VMC)

Amalgamated Bank lifted its position in shares of Vulcan Materials (NYSE:VMCFree Report) by 3.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,958 shares of the construction company’s stock after buying an additional 1,330 shares during the quarter. Amalgamated Bank’s holdings in Vulcan Materials were worth $7,264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VMC. Avantax Advisory Services Inc. boosted its holdings in Vulcan Materials by 6.9% in the third quarter. Avantax Advisory Services Inc. now owns 1,104 shares of the construction company’s stock valued at $223,000 after acquiring an additional 71 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Vulcan Materials by 23.4% in the third quarter. Kestra Private Wealth Services LLC now owns 1,401 shares of the construction company’s stock valued at $283,000 after acquiring an additional 266 shares during the last quarter. Keybank National Association OH boosted its holdings in Vulcan Materials by 7.4% in the third quarter. Keybank National Association OH now owns 239,681 shares of the construction company’s stock valued at $48,420,000 after acquiring an additional 16,547 shares during the last quarter. Knowledge Leaders Capital LLC boosted its holdings in Vulcan Materials by 94.7% in the third quarter. Knowledge Leaders Capital LLC now owns 2,142 shares of the construction company’s stock valued at $433,000 after acquiring an additional 1,042 shares during the last quarter. Finally, Comgest Global Investors S.A.S. boosted its holdings in Vulcan Materials by 24.5% in the third quarter. Comgest Global Investors S.A.S. now owns 147,258 shares of the construction company’s stock valued at $29,749,000 after acquiring an additional 28,931 shares during the last quarter. 90.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Stifel Nicolaus upped their target price on Vulcan Materials from $260.00 to $279.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Morgan Stanley assumed coverage on Vulcan Materials in a report on Monday, January 8th. They issued an “equal weight” rating and a $208.00 target price on the stock. Seaport Res Ptn upgraded Vulcan Materials from a “neutral” rating to a “buy” rating in a report on Tuesday, October 24th. Royal Bank of Canada lowered Vulcan Materials from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $235.00 to $236.00 in a research note on Friday, January 12th. Finally, Raymond James boosted their price target on Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.85.

Check Out Our Latest Stock Report on VMC

Insider Transactions at Vulcan Materials

In other news, SVP Jerry F. Perkins, Jr. sold 4,575 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $209.64, for a total transaction of $959,103.00. Following the transaction, the senior vice president now directly owns 6,839 shares of the company’s stock, valued at $1,433,727.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Stanley G. Bass sold 1,601 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $221.09, for a total value of $353,965.09. Following the completion of the sale, the insider now directly owns 24,981 shares of the company’s stock, valued at approximately $5,523,049.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jerry F. Perkins, Jr. sold 4,575 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $209.64, for a total value of $959,103.00. Following the completion of the sale, the senior vice president now directly owns 6,839 shares of the company’s stock, valued at $1,433,727.96. The disclosure for this sale can be found here. Insiders have sold 7,728 shares of company stock valued at $1,641,060 over the last ninety days. 0.57% of the stock is owned by company insiders.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $229.65 on Tuesday. The company has a quick ratio of 2.47, a current ratio of 3.13 and a debt-to-equity ratio of 0.52. Vulcan Materials has a twelve month low of $159.76 and a twelve month high of $235.43. The stock’s 50 day moving average is $222.59 and its 200-day moving average is $216.03. The firm has a market capitalization of $30.51 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 1.30 and a beta of 0.81.

About Vulcan Materials

(Free Report)

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

Featured Articles

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials (NYSE:VMCFree Report).

Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.