IFM Investors Pty Ltd boosted its stake in shares of Vulcan Materials (NYSE:VMC) by 58.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,758 shares of the construction company’s stock after purchasing an additional 5,457 shares during the period. IFM Investors Pty Ltd’s holdings in Vulcan Materials were worth $2,232,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. First Trust Advisors LP grew its stake in shares of Vulcan Materials by 64.2% during the 1st quarter. First Trust Advisors LP now owns 34,452 shares of the construction company’s stock worth $4,079,000 after acquiring an additional 13,476 shares in the last quarter. Dorsey Wright & Associates bought a new position in shares of Vulcan Materials during the 2nd quarter worth approximately $2,052,000. First American Trust FSB bought a new position in shares of Vulcan Materials during the 2nd quarter worth approximately $4,607,000. Crossmark Global Holdings Inc. grew its stake in shares of Vulcan Materials by 1.2% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 8,714 shares of the construction company’s stock worth $1,197,000 after acquiring an additional 107 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of Vulcan Materials by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 61,601 shares of the construction company’s stock worth $8,458,000 after acquiring an additional 214 shares in the last quarter. 95.38% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Stanley G. Bass sold 2,184 shares of Vulcan Materials stock in a transaction on Tuesday, September 24th. The stock was 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stanley G. Bass sold 2,406 shares of Vulcan Materials stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $141.94, for a total value 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 company insiders.
Vulcan Materials stock traded down $0.86 during mid-day trading on Friday, hitting $136.55. 100,401 shares of the company’s stock traded hands, compared to its average volume of 956,415. Vulcan Materials has a fifty-two week low of $90.04 and a fifty-two week high of $152.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.89 and a quick ratio of 1.23. The stock has a market cap of $18.66 billion, a price-to-earnings ratio of 33.72, a P/E/G ratio of 1.62 and a beta of 0.91. The firm has a 50 day simple moving average of $146.80 and a two-hundred day simple moving average of $137.88.
Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, November 6th. The construction company reported $1.68 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business posted $1.40 EPS. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, research analysts anticipate that Vulcan Materials will post 4.87 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Monday, November 18th. Vulcan Materials’s dividend payout ratio is currently 30.62%.
Several equities analysts recently weighed in on VMC shares. Argus set a $152.00 target price on shares of Vulcan Materials and gave the company a “buy” rating in a research note on Friday, July 26th. Nomura raised their target price on shares of Vulcan Materials from $165.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Longbow Research raised their target price on shares of Vulcan Materials from $145.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Exane BNP Paribas started coverage on shares of Vulcan Materials in a research note on Wednesday, October 9th. They issued an “underperform” rating for the company. Finally, ValuEngine cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Vulcan Materials has an average rating of “Buy” and a consensus price target 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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