Anson Funds Management LP decreased its holdings in Vulcan Materials (NYSE:VMC) by 63.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,538 shares of the construction company’s stock after selling 69,262 shares during the quarter. Vulcan Materials comprises approximately 3.4% of Anson Funds Management LP’s portfolio, making the stock its 5th biggest holding. Anson Funds Management LP’s holdings in Vulcan Materials were worth $5,075,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Caledonia Private Investments Pty Ltd raised its position in Vulcan Materials by 4.6% in the fourth quarter. Caledonia Private Investments Pty Ltd now owns 1,474,352 shares of the construction company’s stock worth $189,263,000 after acquiring an additional 65,040 shares in the last quarter. Weitz Investment Management Inc. purchased a new position in Vulcan Materials in the fourth quarter worth $1,284,000. Ladenburg Thalmann Financial Services Inc. raised its position in Vulcan Materials by 3.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 26,153 shares of the construction company’s stock worth $3,358,000 after acquiring an additional 906 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in Vulcan Materials in the fourth quarter worth $891,000. Finally, Cornerstone Capital Management Holdings LLC. raised its position in Vulcan Materials by 10.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 24,870 shares of the construction company’s stock worth $3,192,000 after acquiring an additional 2,340 shares in the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.
A number of research analysts have recently weighed in on VMC shares. Jefferies Group restated a “hold” rating and issued a $135.00 price target on shares of Vulcan Materials in a research report on Wednesday, January 17th. Barclays started coverage on Vulcan Materials in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $135.00 price target for the company. SunTrust Banks set a $145.00 price target on Vulcan Materials and gave the company a “buy” rating in a research report on Saturday, December 16th. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Sunday, January 21st. Finally, Citigroup restated a “buy” rating and issued a $144.00 price target on shares of Vulcan Materials in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $145.11.
Vulcan Materials (NYSE VMC) opened at $121.67 on Wednesday. Vulcan Materials has a 52-week low of $108.95 and a 52-week high of $141.20. The firm has a market capitalization of $16,090.00, a price-to-earnings ratio of 55.30, a PEG ratio of 1.26 and a beta of 0.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.66 and a quick ratio of 1.80.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Friday, February 16th. The construction company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $977.50 million during the quarter, compared to analysts’ expectations of $929.36 million. Vulcan Materials had a return on equity of 8.68% and a net margin of 15.45%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. sell-side analysts forecast that Vulcan Materials will post 4.4 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, February 22nd. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.25. Vulcan Materials’s dividend payout ratio (DPR) is currently 50.91%.
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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