Appleton Partners Inc. MA increased its holdings in shares of Vulcan Materials (NYSE:VMC) by 12.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,738 shares of the construction company’s stock after acquiring an additional 3,629 shares during the period. Appleton Partners Inc. MA’s holdings in Vulcan Materials were worth $5,369,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NEXT Financial Group Inc grew its position in Vulcan Materials by 135.7% during the 2nd quarter. NEXT Financial Group Inc now owns 165 shares of the construction company’s stock worth $28,000 after acquiring an additional 95 shares during the last quarter. Bbva USA bought a new stake in Vulcan Materials during the 2nd quarter worth approximately $35,000. Koshinski Asset Management Inc. bought a new position in Vulcan Materials in the 3rd quarter valued at $48,000. Berman Capital Advisors LLC boosted its position in Vulcan Materials by 82.6% in the 2nd quarter. Berman Capital Advisors LLC now owns 314 shares of the construction company’s stock valued at $53,000 after buying an additional 142 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its position in Vulcan Materials by 269.4% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 362 shares of the construction company’s stock valued at $62,000 after buying an additional 264 shares during the last quarter. Institutional investors and hedge funds own 87.76% of the company’s stock.
Shares of NYSE VMC traded up $1.90 during mid-day trading on Thursday, hitting $201.89. The company had a trading volume of 531,189 shares, compared to its average volume of 799,536. The company has a market capitalization of $26.79 billion, a PE ratio of 41.71 and a beta of 0.65. The firm has a 50-day simple moving average of $185.21 and a two-hundred day simple moving average of $181.80. The company has a current ratio of 1.96, a quick ratio of 1.38 and a debt-to-equity ratio of 0.60. Vulcan Materials has a one year low of $134.53 and a one year high of $210.16.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 2nd. Stockholders of record on Tuesday, November 16th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Monday, November 15th. Vulcan Materials’s payout ratio is 30.58%.
In other Vulcan Materials news, SVP Jason P. Teter sold 1,390 shares of the firm’s stock in a transaction that occurred on Thursday, November 18th. The shares were sold at an average price of $201.52, for a total transaction of $280,112.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jerry F. Perkins, Jr. sold 2,968 shares of the firm’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $198.37, for a total transaction of $588,762.16. The disclosure for this sale can be found here. Insiders have sold 107,437 shares of company stock valued at $20,058,867 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.
A number of research analysts have recently weighed in on the company. Loop Capital increased their price target on Vulcan Materials from $205.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, November 5th. BNP Paribas downgraded Vulcan Materials from an “outperform” rating to a “neutral” rating and set a $202.00 price target on the stock. in a research note on Wednesday, November 10th. Royal Bank of Canada increased their price target on Vulcan Materials from $182.00 to $198.00 and gave the company a “sector perform” rating in a research note on Thursday, October 7th. Argus raised Vulcan Materials from a “hold” rating to a “buy” rating and set a $240.00 price target on the stock in a research note on Tuesday, November 9th. Finally, Morgan Stanley increased their price target on Vulcan Materials from $186.00 to $193.00 and gave the company an “equal weight” rating in a research note on Monday, August 9th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Vulcan Materials has an average rating of “Buy” and an average target price of $195.59.
About Vulcan Materials
Vulcan Materials Co engages in the provision of basic materials and supply for infrastructure and construction industry. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.
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