Vulcan Materials Company (VMC) Shares Sold by Next Century Growth Investors LLC
Next Century Growth Investors LLC cut its stake in Vulcan Materials Company (NYSE:VMC) by 4.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,687 shares of the construction company’s stock after selling 781 shares during the period. Next Century Growth Investors LLC’s holdings in Vulcan Materials Company were worth $1,889,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC bought a new position in Vulcan Materials Company during the first quarter valued at $105,000. 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 valued at $148,000 after buying an additional 300 shares during the period. NEXT Financial Group Inc boosted its position in Vulcan Materials Company by 405.7% in the first quarter. NEXT Financial Group Inc now owns 1,497 shares of the construction company’s stock valued at $181,000 after buying an additional 1,201 shares during the period. L & S Advisors Inc bought a new position in Vulcan Materials Company during the fourth quarter valued at $210,000. Finally, Independent Advisor Alliance bought a new position in Vulcan Materials Company during the fourth quarter valued at $224,000. Hedge funds and other institutional investors own 86.91% of the company’s stock.
Shares of Vulcan Materials Company (NYSE:VMC) traded down 0.081% during mid-day trading on Wednesday, hitting $129.435. 304,682 shares of the company’s stock traded hands. The company has a market cap of $17.11 billion, a PE ratio of 41.406 and a beta of 1.00. The firm has a 50-day moving average of $127.72 and a 200 day moving average of $123.93. Vulcan Materials Company has a 52 week low of $105.71 and a 52 week high of $138.18.
Vulcan Materials Company (NYSE:VMC) last issued its quarterly earnings results on Wednesday, May 10th. The construction company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The company had revenue of $787 million for the quarter, compared to analyst estimates of $743.79 million. Vulcan Materials Company had a net margin of 11.61% and a return on equity of 8.80%. Vulcan Materials Company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share. Equities research analysts predict that Vulcan Materials Company will post $4.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Wednesday, May 24th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.77%. Vulcan Materials Company’s dividend payout ratio (DPR) is presently 32.15%.
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Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of Vulcan Materials Company from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded shares of Vulcan Materials Company from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Tuesday. Royal Bank Of Canada restated a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials Company in a research report on Monday. Argus boosted their price objective on shares of Vulcan Materials Company from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Finally, Citigroup Inc. restated a “buy” rating on shares of Vulcan Materials Company in a research report on Thursday, May 11th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Vulcan Materials Company currently has a consensus rating of “Buy” and an average price target of $138.60.
In other news, insider Stanley G. Bass sold 4,413 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 $582,516.00. Following the transaction, the insider now owns 21,939 shares in the company, valued at $2,895,948. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ejaz A. Khan sold 2,024 shares of Vulcan Materials Company stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $125.30, for a total transaction of $253,607.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,743 shares of company stock worth $876,515. 0.89% of the stock is owned by company 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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