Todays Report: The Emerald Advisers Inc. PA decides to keep it stake in Vulcan Materials Co. (VMC) to the level of $3,675,000

The Emerald Advisers Inc. PA decides to keep it stake in Vulcan Materials Co. (VMC) to the level of $3,675,000

Emerald Advisers Inc. PA raised its stake in shares of Vulcan Materials Co. (NYSE:VMC) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 30,533 shares of the company’s stock after buying an additional 890 shares during the period. Emerald Advisers Inc. PA’s holdings in Vulcan Materials were worth $3,675,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VMC. American Century Companies Inc. boosted its stake in shares of Vulcan Materials by 3,591.2% in the second quarter. American Century Companies Inc. now owns 597,944 shares of the company’s stock valued at $71,969,000 after buying an additional 581,745 shares in the last quarter. Capital Growth Management LP acquired a new stake in shares of Vulcan Materials during the first quarter valued at about $56,480,000. Friess Associates LLC acquired a new stake in shares of Vulcan Materials during the first quarter valued at about $16,629,000. Caledonia Private Investments Pty Ltd boosted its stake in shares of Vulcan Materials by 19.3% in the first quarter. Caledonia Private Investments Pty Ltd now owns 753,253 shares of the company’s stock valued at $79,521,000 after buying an additional 121,944 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of Vulcan Materials by 27.8% in the second quarter. Strs Ohio now owns 555,309 shares of the company’s stock valued at $66,836,000 after buying an additional 120,726 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Vulcan Materials Co. (NYSE:VMC) traded down 4.32% during trading on Friday, hitting $106.47. 2,746,341 shares of the stock were exchanged. Vulcan Materials Co. has a 12 month low of $78.83 and a 12 month high of $127.20. The stock’s 50 day moving average price is $112.77 and its 200 day moving average price is $114.84. The stock has a market cap of $14.17 billion, a P/E ratio of 40.62 and a beta of 1.19.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by $0.10. The business had revenue of $956.80 million for the quarter, compared to analyst estimates of $1.01 billion. Vulcan Materials had a return on equity of 8.74% and a net margin of 9.85%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Analysts forecast that Vulcan Materials Co. will post $3.23 EPS for the current fiscal year.

VMC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Tuesday. Jefferies Group reissued a “hold” rating on shares of Vulcan Materials in a research report on Wednesday, August 31st. Royal Bank Of Canada increased their price objective on shares of Vulcan Materials from $127.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 12th. Bank of America Corp. reissued a “buy” rating on shares of Vulcan Materials in a research report on Friday, June 17th. Finally, Argus reissued a “buy” rating and issued a $129.00 price objective on shares of Vulcan Materials in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $128.22.

In related news, insider Stanley G. Bass sold 829 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $121.07, for a total transaction of $100,367.03. Following the sale, the insider now directly owns 15,185 shares of the company’s stock, valued at approximately $1,838,447.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David B. Pasley sold 280 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $117.55, for a total transaction of $32,914.00. Following the sale, the insider now directly owns 2,470 shares in the company, valued at $290,348.50. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.

About Vulcan Materials

Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company has four segments organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Company operates approximately 344 aggregates facilities.

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