Centre Asset Management LLC maintained its position in Vulcan Materials Co. (NYSE:VMC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,970 shares of the company’s stock at the end of the second quarter. Vulcan Materials comprises about 2.2% of Centre Asset Management LLC’s investment portfolio, making the stock its 18th largest position. Centre Asset Management LLC owned 0.09% of Vulcan Materials worth $12,665,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AXA increased its stake in Vulcan Materials by 12.3% in the first quarter. AXA now owns 8,200 shares of the company’s stock worth $866,000 after buying an additional 900 shares in the last quarter. Renaissance Technologies LLC increased its stake in Vulcan Materials by 9.1% in the first quarter. Renaissance Technologies LLC now owns 214,065 shares of the company’s stock worth $22,599,000 after buying an additional 17,800 shares in the last quarter. AMP Capital Investors Ltd increased its stake in Vulcan Materials by 2.7% in the first quarter. AMP Capital Investors Ltd now owns 69,586 shares of the company’s stock worth $7,340,000 after buying an additional 1,800 shares in the last quarter. National Pension Service increased its stake in Vulcan Materials by 4.4% in the first quarter. National Pension Service now owns 85,194 shares of the company’s stock worth $8,994,000 after buying an additional 3,620 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in Vulcan Materials by 51.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 296,158 shares of the company’s stock worth $31,265,000 after buying an additional 100,300 shares in the last quarter. 86.70% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

Vulcan Materials Co. (NYSE:VMC) opened at 134.18 on Friday. Vulcan Materials Co. has a 52 week low of $78.83 and a 52 week high of $138.18. The company has a market capitalization of $17.75 billion, a P/E ratio of 48.99 and a beta of 1.19. The stock’s 50 day moving average is $113.91 and its 200 day moving average is $116.21.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, November 2nd. The company reported $1.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by $0.18. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Vulcan Materials had a net margin of 10.38% and a return on equity of 8.83%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 earnings per share. On average, equities research analysts expect that Vulcan Materials Co. will post $3.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Wednesday, November 23rd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, November 21st. This represents a $0.80 annualized dividend and a yield of 0.60%. Vulcan Materials’s payout ratio is 29.20%.

VMC has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Vulcan Materials from a “hold” rating to a “strong-buy” rating and set a $144.00 price objective for the company in a report on Monday, July 18th. Argus reaffirmed a “buy” rating and set a $129.00 price objective on shares of Vulcan Materials in a report on Wednesday, August 3rd. Jefferies Group reaffirmed a “hold” rating on shares of Vulcan Materials in a report on Wednesday, August 31st. DA Davidson reaffirmed a “hold” rating and set a $120.00 price objective on shares of Vulcan Materials in a report on Sunday, October 9th. Finally, SunTrust Banks Inc. raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $129.00 in a report on Wednesday, October 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Vulcan Materials currently has a consensus rating of “Buy” and an average target price of $130.70.

In related news, insider David B. Pasley sold 280 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $117.55, for a total transaction of $32,914.00. Following the completion of the transaction, the insider now directly owns 2,470 shares of the company’s stock, valued at $290,348.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David J. Grayson sold 2,121 shares of the firm’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $118.49, for a total transaction of $251,317.29. Following the transaction, the insider now directly owns 16,648 shares of the company’s stock, valued at $1,972,621.52. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

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.

5 Day Chart for NYSE:VMC

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