Allianz Asset Management GmbH cut its stake in Vulcan Materials (NYSE:VMC) by 6.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 449,940 shares of the construction company’s stock after selling 31,390 shares during the period. Allianz Asset Management GmbH owned approximately 0.34% of Vulcan Materials worth $51,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of VMC. Alliancebernstein L.P. grew its position in shares of Vulcan Materials by 25.2% in the fourth quarter. Alliancebernstein L.P. now owns 298,522 shares of the construction company’s stock valued at $38,321,000 after purchasing an additional 60,132 shares in the last quarter. MML Investors Services LLC lifted its holdings in Vulcan Materials by 11.6% in the fourth quarter. MML Investors Services LLC now owns 3,933 shares of the construction company’s stock valued at $505,000 after acquiring an additional 408 shares during the last quarter. Profund Advisors LLC lifted its holdings in Vulcan Materials by 25.0% in the fourth quarter. Profund Advisors LLC now owns 4,440 shares of the construction company’s stock valued at $570,000 after acquiring an additional 889 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in Vulcan Materials in the fourth quarter valued at approximately $2,875,000. Finally, Clearbridge Investments LLC lifted its holdings in Vulcan Materials by 10,537.5% in the fourth quarter. Clearbridge Investments LLC now owns 328,062 shares of the construction company’s stock valued at $42,113,000 after acquiring an additional 324,978 shares during the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.
Vulcan Materials opened at $127.35 on Wednesday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.73. Vulcan Materials has a one year low of $108.17 and a one year high of $141.20. The company has a market capitalization of $17.24 billion, a P/E ratio of 41.89, a price-to-earnings-growth ratio of 1.40 and a beta of 0.97.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, May 3rd. The construction company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.22. Vulcan Materials had a return on equity of 8.76% and a net margin of 15.40%. The company had revenue of $854.00 million for the quarter, compared to analysts’ expectations of $817.85 million. During the same period in the prior year, the firm earned $0.34 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. analysts anticipate that Vulcan Materials will post 4.45 EPS for the current year.
In other Vulcan Materials news, insider Stanley G. Bass sold 4,109 shares of the company’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $130.00, for a total transaction of $534,170.00. Following the transaction, the insider now directly owns 31,569 shares in the company, valued at $4,103,970. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John R. Mcpherson sold 21,618 shares of the company’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $130.37, for a total value of $2,818,338.66. Following the transaction, the vice president now owns 102,610 shares in the company, valued at $13,377,265.70. The disclosure for this sale can be found here. Insiders have sold 49,001 shares of company stock worth $6,278,803 over the last 90 days. 0.81% of the stock is owned by insiders.
A number of research firms recently commented on VMC. Jefferies Financial Group reiterated a “hold” rating and issued a $129.00 price objective on shares of Vulcan Materials in a report on Monday, April 23rd. Stephens set a $137.00 price objective on Vulcan Materials and gave the company a “buy” rating in a report on Friday, April 13th. Zacks Investment Research upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Monday, May 7th. Bank of America upgraded Vulcan Materials from a “neutral” rating to a “buy” rating and set a $134.00 price objective on the stock in a report on Wednesday, May 2nd. Finally, ValuEngine cut Vulcan Materials from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $141.13.
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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