Lone Pine Capital Reduces $441M in Vulcan Materials Company ($VMC)
Key Points
- Lone Pine Capital changed its Vulcan Materials Company ($VMC) stake by 91.4% last quarter, cutting to 144,179 shares worth $41.30 million.
- Wall Street's consensus rating on $VMC is Buy and an average price target of $326.73.
- $VMC last traded around $286.47.
Lone Pine Capital reduced its position in Vulcan Materials Company ($VMC) by 91.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,179 shares of Vulcan Materials Company after selling 1,539,753 shares during the quarter. Lone Pine Capital's holdings in Vulcan Materials Company were worth $41.30 million as of its most recent filing.
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About Vulcan Materials Company
Vulcan Materials Company produces and supplies construction aggregates in the United States. It operates through three segments: Aggregates, Asphalt, and Concrete. The company provides crushed stone, sand and gravel, sand, and other aggregates for use 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; aggregates that are used as ballast for construction and maintenance of railroad tracks; riprap and jetty stones for use in erosion control along roads and waterways; asphalt mix; asphalt construction paving services; and ready-mixed concrete products. The company was formerly known as Virginia Holdco, Inc. and changed its name to Vulcan Materials Company. Vulcan Materials Company was founded in 1909 and is headquartered in Birmingham, Alabama.
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