Pax World Management LLC Takes Position in Vulcan Materials Company (VMC)
Pax World Management LLC acquired a new stake in shares of Vulcan Materials Company (NYSE:VMC) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,000 shares of the construction company’s stock, valued at approximately $2,410,000.
Several other institutional investors also recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new stake in Vulcan Materials Company during the fourth quarter worth $134,000. Alexandria Capital LLC raised its stake 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 valued at $148,000 after buying an additional 300 shares during the period. Gilder Gagnon Howe & Co. LLC raised its stake 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 valued at $149,000 after buying an additional 75 shares during the period. L & S Advisors Inc purchased a new stake in Vulcan Materials Company during the fourth quarter valued at approximately $210,000. Finally, Barings LLC bought a new position in Vulcan Materials Company during the fourth quarter worth $221,000. Hedge funds and other institutional investors own 86.91% of the company’s stock.
Shares of Vulcan Materials Company (NYSE VMC) traded up 0.58% during midday trading on Friday, reaching $129.38. 904,995 shares of the company’s stock were exchanged. Vulcan Materials Company has a 12-month low of $105.71 and a 12-month high of $138.18. The stock’s 50 day moving average is $127.27 and its 200-day moving average is $123.91. The stock has a market cap of $17.10 billion, a PE ratio of 41.39 and a beta of 1.00.
Vulcan Materials Company (NYSE:VMC) last released its quarterly earnings results on Wednesday, May 10th. The construction company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $787 million for the quarter, compared to analysts’ expectations of $743.79 million. During the same quarter last year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts expect that Vulcan Materials Company will post $4.08 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Wednesday, May 24th were paid a $0.25 dividend. The ex-dividend date was Monday, May 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 0.77%. Vulcan Materials Company’s dividend payout ratio is currently 32.15%.
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A number of research analysts have recently weighed in on VMC shares. Zacks Investment Research raised shares of Vulcan Materials Company from a “sell” rating to a “hold” rating in a research report on Tuesday, March 21st. Citigroup Inc. assumed coverage on shares of Vulcan Materials Company in a report on Wednesday, March 29th. They issued a “buy” rating for the company. Argus raised their price objective on shares of Vulcan Materials Company from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Finally, BidaskClub upgraded shares of Vulcan Materials Company from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Vulcan Materials Company presently has an average rating of “Hold” and a consensus price target of $135.60.
In other Vulcan Materials Company news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of Vulcan Materials Company stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total transaction of $40,392.00. Following the sale, the general counsel now owns 5,292 shares of the company’s stock, valued at approximately $698,544. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stanley G. Bass sold 4,413 shares of Vulcan Materials Company stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total transaction of $582,516.00. Following the sale, the insider now directly owns 21,939 shares in the company, valued at approximately $2,895,948. The disclosure for this sale can be found here. Insiders sold a total of 6,743 shares of company stock worth $876,515 in the last three months. 0.89% of the stock is owned by corporate insiders.
Vulcan Materials Company Company Profile
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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