DekaBank Deutsche Girozentrale lessened its stake in Vulcan Materials (NYSE:VMC) by 51.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,032 shares of the construction company’s stock after selling 10,585 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Vulcan Materials were worth $1,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new position in Vulcan Materials in the fourth quarter valued at about $133,000. Tower Research Capital LLC TRC boosted its holdings in Vulcan Materials by 1,140.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,451 shares of the construction company’s stock worth $187,000 after acquiring an additional 1,334 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Vulcan Materials in the fourth quarter worth about $200,000. Dorsey & Whitney Trust CO LLC acquired a new stake in Vulcan Materials in the fourth quarter worth about $205,000. Finally, Cetera Advisor Networks LLC acquired a new stake in Vulcan Materials in the fourth quarter worth about $208,000. Institutional investors own 92.44% of the company’s stock.
Shares of Vulcan Materials opened at $126.04 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.73 and a quick ratio of 1.05. The stock has a market capitalization of $16.83 billion, a price-to-earnings ratio of 41.46, a price-to-earnings-growth ratio of 1.36 and a beta of 0.99. Vulcan Materials has a fifty-two week low of $127.53 and a fifty-two week high of $128.86.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Thursday, May 24th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Wednesday, May 23rd. Vulcan Materials’s dividend payout ratio (DPR) is 36.84%.
In related news, insider David P. Clement sold 1,828 shares of Vulcan Materials stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $124.00, for a total transaction of $226,672.00. Following the completion of the sale, the insider now owns 5,340 shares of the company’s stock, valued at $662,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John R. Mcpherson sold 21,446 shares of Vulcan Materials stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $125.88, for a total value of $2,699,622.48. Following the sale, the vice president now directly owns 102,610 shares of the company’s stock, valued at approximately $12,916,546.80. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.
VMC has been the subject of several recent analyst reports. Citigroup set a $150.00 price target on Vulcan Materials and gave the stock a “buy” rating in a report on Tuesday, February 27th. Zacks Investment Research raised Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Wednesday, February 14th. Bank of America raised Vulcan Materials from a “neutral” rating to a “buy” rating and set a $134.00 price target for the company in a report on Wednesday, May 2nd. Stephens set a $137.00 price target on Vulcan Materials and gave the stock a “buy” rating in a report on Friday, April 13th. Finally, Jefferies Group reissued a “hold” rating and issued a $129.00 price target on shares of Vulcan Materials in a report on Monday, April 23rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $141.56.
About Vulcan Materials
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.
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