Advisors Asset Management Inc. reduced its position in shares of Vulcan Materials (NYSE:VMC) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,351 shares of the construction company’s stock after selling 1,830 shares during the period. Advisors Asset Management Inc.’s holdings in Vulcan Materials were worth $5,768,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in VMC. Massachusetts Financial Services Co. MA increased its stake in Vulcan Materials by 6.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,661,582 shares of the construction company’s stock worth $815,210,000 after acquiring an additional 319,217 shares during the period. Fenimore Asset Management Inc. bought a new position in Vulcan Materials during the 4th quarter worth $41,066,000. Principal Financial Group Inc. increased its stake in Vulcan Materials by 6.0% during the 4th quarter. Principal Financial Group Inc. now owns 4,097,850 shares of the construction company’s stock worth $590,050,000 after acquiring an additional 230,426 shares during the period. Credit Suisse AG increased its stake in Vulcan Materials by 130.1% during the 4th quarter. Credit Suisse AG now owns 311,495 shares of the construction company’s stock worth $44,851,000 after acquiring an additional 176,096 shares during the period. Finally, AQR Capital Management LLC increased its stake in Vulcan Materials by 679.1% during the 4th quarter. AQR Capital Management LLC now owns 171,684 shares of the construction company’s stock worth $24,714,000 after acquiring an additional 149,648 shares during the period. 90.07% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on the company. Bank of America upgraded Vulcan Materials from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Tuesday, March 3rd. Royal Bank of Canada lowered their price objective on Vulcan Materials from $162.00 to $157.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. ValuEngine upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Citigroup lowered their price objective on Vulcan Materials from $173.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, Loop Capital assumed coverage on Vulcan Materials in a research note on Thursday, December 19th. They set a “hold” rating and a $156.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $150.06.
In other news, Director David P. Steiner acquired 5,000 shares of Vulcan Materials stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average price of $76.61 per share, for a total transaction of $383,050.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $383,050. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.79% of the company’s stock.
Shares of VMC opened at $95.74 on Thursday. Vulcan Materials has a 52-week low of $65.56 and a 52-week high of $152.49. The business’s fifty day moving average is $123.81 and its 200-day moving average is $138.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.58. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 0.94 and a beta of 0.95.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.09). Vulcan Materials had a net margin of 12.53% and a return on equity of 11.55%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, research analysts forecast that Vulcan Materials will post 5.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 26th were given a dividend of $0.34 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a yield of 1.42%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.31. Vulcan Materials’s payout ratio is currently 28.94%.
Vulcan Materials Company 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.
Recommended Story: How analysts view the yield curve
Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.