Montag A & Associates Inc. lifted its position in shares of Vulcan Materials (NYSE:VMC) by 10.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,583 shares of the construction company’s stock after buying an additional 3,000 shares during the quarter. Montag A & Associates Inc.’s holdings in Vulcan Materials were worth $4,625,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC lifted its stake in Vulcan Materials by 26,177.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 926,817 shares of the construction company’s stock worth $127,261,000 after purchasing an additional 923,290 shares in the last quarter. Prudential Financial Inc. lifted its stake in Vulcan Materials by 345.3% in the 2nd quarter. Prudential Financial Inc. now owns 811,004 shares of the construction company’s stock worth $111,359,000 after purchasing an additional 628,893 shares in the last quarter. DF Dent & Co. Inc. lifted its stake in Vulcan Materials by 67.5% in the 2nd quarter. DF Dent & Co. Inc. now owns 1,100,540 shares of the construction company’s stock worth $151,115,000 after purchasing an additional 443,451 shares in the last quarter. Columbus Circle Investors lifted its stake in Vulcan Materials by 241.6% in the 2nd quarter. Columbus Circle Investors now owns 298,689 shares of the construction company’s stock worth $41,013,000 after purchasing an additional 211,258 shares in the last quarter. Finally, Strs Ohio lifted its stake in Vulcan Materials by 4,951.5% in the 3rd quarter. Strs Ohio now owns 204,384 shares of the construction company’s stock worth $30,911,000 after purchasing an additional 200,338 shares in the last quarter. Institutional investors own 95.38% of the company’s stock.
In related news, insider Stanley G. Bass sold 2,184 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $149.93, for a total transaction of $327,447.12. Following the completion of the sale, the insider now owns 35,263 shares of the company’s stock, valued at $5,286,981.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stanley G. Bass sold 2,406 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $141.94, for a total transaction of $341,507.64. Following the sale, the insider now directly owns 35,263 shares of the company’s stock, valued at approximately $5,005,230.22. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by corporate insiders.
Shares of VMC traded down $0.97 during mid-day trading on Friday, hitting $136.44. The company’s stock had a trading volume of 1,028,451 shares, compared to its average volume of 1,051,284. The company’s 50-day moving average is $146.80 and its 200-day moving average is $137.88. Vulcan Materials has a 52-week low of $90.04 and a 52-week high of $152.49. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 1.62 and a beta of 0.91. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results 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 11.07% and a net margin of 12.12%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company posted $1.40 EPS. Vulcan Materials’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, sell-side analysts predict that Vulcan Materials will post 4.87 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, November 19th will be given a $0.31 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.91%. Vulcan Materials’s payout ratio is presently 30.62%.
VMC has been the topic of several research analyst reports. ValuEngine cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday. BNP Paribas initiated coverage on shares of Vulcan Materials in a research report on Wednesday, October 9th. They set an “underperform” rating on the stock. Barclays upped their target price on shares of Vulcan Materials from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Stifel Nicolaus upped their target price on shares of Vulcan Materials from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, Bank of America upgraded shares of Vulcan Materials from an “underperform” rating to a “neutral” rating and set a $157.00 target price on the stock in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. Vulcan Materials currently has an average rating of “Buy” and an average target price of $149.81.
Vulcan Materials 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.
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