Short Interest in Vulcan Materials (NYSE:VMC) Decreases By 30.8%

Vulcan Materials (NYSE:VMC) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,480,000 shares, a decline of 30.8% from the December 15th total of 2,140,000 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 911,100 shares, the short-interest ratio is presently 1.6 days.

In other news, VP Randy L. Pigg sold 643 shares of Vulcan Materials stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $140.64, for a total value of $90,431.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Fehlberg Barry 1,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. Insiders own 0.79% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Grassi Investment Management raised its position in shares of Vulcan Materials by 1,561.6% during the 4th quarter. Grassi Investment Management now owns 40,710 shares of the construction company’s stock valued at $5,862,000 after acquiring an additional 38,260 shares during the last quarter. Diversified Trust Co raised its position in shares of Vulcan Materials by 6.8% during the 4th quarter. Diversified Trust Co now owns 26,213 shares of the construction company’s stock valued at $3,774,000 after acquiring an additional 1,670 shares during the last quarter. Carroll Financial Associates Inc. raised its position in shares of Vulcan Materials by 17.7% during the 4th quarter. Carroll Financial Associates Inc. now owns 706 shares of the construction company’s stock valued at $101,000 after acquiring an additional 106 shares during the last quarter. Sandler Capital Management raised its position in shares of Vulcan Materials by 12.5% during the 3rd quarter. Sandler Capital Management now owns 99,691 shares of the construction company’s stock valued at $15,077,000 after acquiring an additional 11,059 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Vulcan Materials during the 3rd quarter valued at $460,000. Hedge funds and other institutional investors own 92.05% of the company’s stock.

VMC has been the subject of a number of research analyst reports. SunTrust Banks lifted their target price on shares of Vulcan Materials from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Stifel Nicolaus lifted their target price on shares of Vulcan Materials from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Loop Capital initiated coverage on shares of Vulcan Materials in a research note on Thursday, December 19th. They issued a “hold” rating and a $156.00 target price for the company. Deutsche Bank initiated coverage on shares of Vulcan Materials in a research note on Friday, January 3rd. They issued a “buy” rating and a $116.00 target price for the company. Finally, BNP Paribas initiated coverage on shares of Vulcan Materials in a research note on Wednesday, October 9th. They issued an “underperform” rating for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Vulcan Materials currently has an average rating of “Hold” and an average target price of $152.76.

VMC stock opened at $143.16 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.47 and a quick ratio of 1.67. The company has a 50 day moving average price of $142.24 and a 200 day moving average price of $141.99. Vulcan Materials has a fifty-two week low of $97.45 and a fifty-two week high of $152.49. The stock has a market capitalization of $18.95 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 1.35 and a beta of 0.88.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.02). Vulcan Materials had a return on equity of 11.55% and a net margin of 12.43%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm earned $1.40 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, equities analysts expect that Vulcan Materials will post 4.81 earnings per share for the current fiscal year.

Vulcan Materials Company Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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 Article: Nikkei 225 Index

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.