Swiss National Bank boosted its position in shares of Vulcan Materials Company (NYSE:VMC) by 26.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 468,942 shares of the construction company’s stock after buying an additional 98,100 shares during the period. Swiss National Bank owned about 0.35% of Vulcan Materials Company worth $56,498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in Vulcan Materials Company during the fourth quarter worth about $134,000. Alexandria Capital LLC boosted its position in Vulcan Materials Company by 32.3% in the first quarter. Alexandria Capital LLC now owns 1,230 shares of the construction company’s stock worth $148,000 after buying an additional 300 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its position in Vulcan Materials Company by 6.1% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,313 shares of the construction company’s stock worth $149,000 after buying an additional 75 shares during the period. L & S Advisors Inc purchased a new position in Vulcan Materials Company during the fourth quarter worth about $210,000. Finally, Barings LLC purchased a new position in Vulcan Materials Company during the fourth quarter worth about $221,000. Institutional investors own 86.91% of the company’s stock.

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

Shares of Vulcan Materials Company (NYSE:VMC) traded down 0.44% during trading on Thursday, hitting $128.64. 657,044 shares of the stock traded hands. Vulcan Materials Company has a 1-year low of $105.71 and a 1-year high of $138.18. The firm has a 50-day moving average of $126.86 and a 200-day moving average of $123.84. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 41.15 and a beta of 1.00.

Vulcan Materials Company (NYSE:VMC) last posted its quarterly earnings data on Wednesday, May 10th. The construction company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.12. Vulcan Materials Company had a net margin of 11.61% and a return on equity of 8.80%. The company had revenue of $787 million during the quarter, compared to analysts’ expectations of $743.79 million. During the same period in the prior year, the company posted $0.26 earnings per share. Vulcan Materials Company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts forecast that Vulcan Materials Company will post $4.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Wednesday, May 24th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Monday, May 22nd. Vulcan Materials Company’s payout ratio is 32.15%.

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VMC has been the subject of a number of research reports. BidaskClub raised shares of Vulcan Materials Company from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research raised shares of Vulcan Materials Company from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Citigroup Inc. initiated coverage on shares of Vulcan Materials Company in a report on Wednesday, March 29th. They issued a “buy” rating for the company. Finally, Argus raised their price target on shares of Vulcan Materials Company from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, June 9th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $135.60.

In other Vulcan Materials Company news, insider Stanley G. Bass sold 4,413 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $582,516.00. Following the completion of the sale, the insider now directly owns 21,939 shares in the company, valued at $2,895,948. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total transaction of $40,392.00. Following the completion of the sale, the general counsel now owns 5,292 shares of the company’s stock, valued at $698,544. The disclosure for this sale can be found here. Insiders sold 6,743 shares of company stock valued at $876,515 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

About Vulcan Materials Company

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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