Vulcan Materials (VMC) Shares Bought by Westpac Banking Corp

Westpac Banking Corp grew its stake in shares of Vulcan Materials (NYSE:VMC) by 47.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,916 shares of the construction company’s stock after purchasing an additional 33,800 shares during the quarter. Westpac Banking Corp owned approximately 0.08% of Vulcan Materials worth $13,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. raised its holdings in Vulcan Materials by 6.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 458,024 shares of the construction company’s stock worth $58,797,000 after purchasing an additional 29,030 shares in the last quarter. National Pension Service raised its holdings in Vulcan Materials by 1.6% during the fourth quarter. National Pension Service now owns 134,463 shares of the construction company’s stock worth $17,261,000 after purchasing an additional 2,154 shares in the last quarter. Bank of Montreal Can raised its holdings in Vulcan Materials by 81.8% during the fourth quarter. Bank of Montreal Can now owns 81,765 shares of the construction company’s stock worth $10,497,000 after purchasing an additional 36,802 shares in the last quarter. Trust Co acquired a new stake in Vulcan Materials during the third quarter worth approximately $283,000. Finally, Parametric Portfolio Associates LLC raised its holdings in Vulcan Materials by 13.2% during the third quarter. Parametric Portfolio Associates LLC now owns 227,542 shares of the construction company’s stock worth $27,214,000 after purchasing an additional 26,581 shares in the last quarter. 89.04% of the stock is currently owned by institutional investors.

Vulcan Materials (NYSE:VMC) opened at $135.16 on Friday. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60. The stock has a market cap of $17,802.85, a P/E ratio of 47.26, a PEG ratio of 1.97 and a beta of 0.88. Vulcan Materials has a 1 year low of $108.95 and a 1 year high of $136.82.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.36). The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.01 earnings per share. research analysts predict that Vulcan Materials will post 3.01 EPS for the current year.

A number of research firms have weighed in on VMC. Jefferies Group reissued a “hold” rating and set a $135.00 price objective on shares of Vulcan Materials in a report on Wednesday. Stephens reissued a “buy” rating and set a $158.00 price objective on shares of Vulcan Materials in a report on Wednesday, January 3rd. Royal Bank of Canada reissued a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a report on Tuesday, October 10th. Citigroup reissued a “buy” rating and set a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Finally, Zacks Investment Research cut shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Saturday, January 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Vulcan Materials currently has a consensus rating of “Hold” and a consensus price target of $143.00.

In other news, insider Michael R. Mills sold 4,659 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $133.25, for a total transaction of $620,811.75. Following the transaction, the insider now directly owns 45,351 shares in the company, valued at $6,043,020.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael R. Mills sold 3,738 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total transaction of $502,985.28. Following the transaction, the insider now owns 44,581 shares in the company, valued at $5,998,819.36. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

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About Vulcan Materials

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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

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