Oppenheimer Asset Management Inc. Decreases Stock Holdings in Vulcan Materials (NYSE:VMC)

Oppenheimer Asset Management Inc. trimmed its holdings in shares of Vulcan Materials (NYSE:VMCFree Report) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,772 shares of the construction company’s stock after selling 467 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Vulcan Materials were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Profund Advisors LLC boosted its holdings in shares of Vulcan Materials by 5.2% in the 2nd quarter. Profund Advisors LLC now owns 3,724 shares of the construction company’s stock valued at $840,000 after buying an additional 183 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of Vulcan Materials in the 2nd quarter valued at approximately $637,000. EA Series Trust purchased a new position in shares of Vulcan Materials in the 2nd quarter valued at approximately $242,000. OLD Point Trust & Financial Services N A purchased a new position in shares of Vulcan Materials in the 2nd quarter valued at approximately $37,000. Finally, State of Michigan Retirement System raised its position in shares of Vulcan Materials by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 36,576 shares of the construction company’s stock valued at $8,246,000 after purchasing an additional 100 shares during the last quarter. 90.10% of the stock is currently owned by institutional investors.

Insider Activity at Vulcan Materials

In related news, insider Stanley G. Bass sold 1,601 shares of Vulcan Materials stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $221.09, for a total value of $353,965.09. Following the sale, the insider now owns 24,981 shares of the company’s stock, valued at approximately $5,523,049.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Vulcan Materials news, insider Stanley G. Bass sold 1,601 shares of Vulcan Materials stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $221.09, for a total transaction of $353,965.09. Following the sale, the insider now owns 24,981 shares of the company’s stock, valued at approximately $5,523,049.29. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David P. Clement sold 764 shares of Vulcan Materials stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $212.00, for a total transaction of $161,968.00. Following the sale, the senior vice president now directly owns 2,887 shares in the company, valued at approximately $612,044. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,153 shares of company stock valued at $681,957. 0.62% of the stock is owned by company insiders.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $236.52 on Thursday. The company’s fifty day moving average price is $223.48 and its 200 day moving average price is $216.24. Vulcan Materials has a 1 year low of $159.76 and a 1 year high of $237.52. The stock has a market capitalization of $31.43 billion, a P/E ratio of 38.33, a P/E/G ratio of 1.28 and a beta of 0.81. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.47 and a current ratio of 3.13.

Wall Street Analyst Weigh In

VMC has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $240.00 to $245.00 in a research report on Tuesday, December 12th. Raymond James raised their price target on shares of Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Seaport Res Ptn raised shares of Vulcan Materials from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 24th. Stifel Nicolaus raised their price target on shares of Vulcan Materials from $260.00 to $279.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, Morgan Stanley began coverage on shares of Vulcan Materials in a research report on Monday, January 8th. They set an “equal weight” rating and a $208.00 price target for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials currently has an average rating of “Moderate Buy” and an average price target of $248.85.

View Our Latest Stock Report on Vulcan Materials

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.

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

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