Vulcan Materials Co. (VMC) Shares Bought by Retirement Systems of Alabama
Retirement Systems of Alabama increased its position in shares of Vulcan Materials Co. (NYSE:VMC) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,653 shares of the company’s stock after buying an additional 54 shares during the period. Retirement Systems of Alabama owned approximately 0.09% of Vulcan Materials worth $15,003,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of VMC. Financial Architects Inc boosted its stake in Vulcan Materials by 1,268.9% in the second quarter. Financial Architects Inc now owns 1,013 shares of the company’s stock worth $122,000 after buying an additional 939 shares during the period. IFP Advisors Inc boosted its stake in Vulcan Materials by 14.1% in the first quarter. IFP Advisors Inc now owns 1,847 shares of the company’s stock worth $195,000 after buying an additional 228 shares during the period. Marietta Investment Partners LLC purchased a new stake in Vulcan Materials during the first quarter worth $204,000. Stone Ridge Asset Management LLC purchased a new stake in Vulcan Materials during the first quarter worth $211,000. Finally, Oakworth Capital Inc. boosted its stake in Vulcan Materials by 2.8% in the second quarter. Oakworth Capital Inc. now owns 1,862 shares of the company’s stock worth $217,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.
Shares of Vulcan Materials Co. (NYSE:VMC) traded down 1.01% during trading on Friday, hitting $113.73. 1,647,083 shares of the stock traded hands. The company has a market cap of $15.13 billion, a PE ratio of 43.39 and a beta of 1.36. The company has a 50 day moving average of $114.02 and a 200-day moving average of $114.65. Vulcan Materials Co. has a 1-year low of $78.83 and a 1-year high of $127.20.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by $0.10. The company earned $956.80 million during the quarter, compared to the consensus estimate of $1.01 billion. Vulcan Materials had a net margin of 9.85% and a return on equity of 8.74%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. On average, equities analysts anticipate that Vulcan Materials Co. will post $3.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 24th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.70%. Vulcan Materials’s dividend payout ratio (DPR) is presently 30.65%.
A number of analysts recently weighed in on VMC shares. Zacks Investment Research raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a report on Wednesday, June 29th. Bank of America Corp. reaffirmed a “buy” rating on shares of Vulcan Materials in a report on Friday, June 17th. Goldman Sachs Group Inc. cut shares of Vulcan Materials from a “conviction-buy” rating to a “buy” rating and increased their price objective for the stock from $128.00 to $146.00 in a report on Wednesday, June 8th. Argus reissued a “buy” rating and set a $129.00 target price on shares of Vulcan Materials in a research note on Wednesday, August 3rd. Finally, Jefferies Group reissued a “hold” rating on shares of Vulcan Materials in a research note on Wednesday, August 31st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $128.22.
In other news, insider Stanley G. Bass sold 829 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $121.07, for a total value of $100,367.03. Following the completion of the sale, the insider now directly owns 15,185 shares of the company’s stock, valued at approximately $1,838,447.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David B. Pasley sold 280 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $117.55, for a total value of $32,914.00. Following the completion of the sale, the insider now directly owns 2,470 shares of the company’s stock, valued at $290,348.50. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.
Vulcan Materials Company Profile
Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company has four segments organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Company operates approximately 344 aggregates facilities.
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