Westwood Management Corp IL Boosts Position in Vulcan Materials Company (NYSE:VMC)
Westwood Management Corp IL boosted its position in Vulcan Materials Company (NYSE:VMC) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,000 shares of the construction company’s stock after buying an additional 700 shares during the period. Vulcan Materials comprises about 1.3% of Westwood Management Corp IL’s investment portfolio, making the stock its 19th largest position. Westwood Management Corp IL owned 0.05% of Vulcan Materials worth $8,614,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in VMC. Gilder Gagnon Howe & Co. LLC acquired a new position in Vulcan Materials during the first quarter valued at approximately $105,000. NN Investment Partners Holdings N.V. increased its stake in Vulcan Materials by 25.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock worth $126,000 after buying an additional 200 shares during the period. Alexandria Capital LLC increased its stake in shares of Vulcan Materials 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 last quarter. NEXT Financial Group Inc increased its stake in shares of Vulcan Materials 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 last quarter. Finally, Creative Planning increased its stake in shares of Vulcan Materials by 16.2% in the second quarter. Creative Planning now owns 1,765 shares of the construction company’s stock valued at $224,000 after buying an additional 246 shares during the last quarter. 85.60% of the stock is owned by institutional investors.
Vulcan Materials Company (NYSE VMC) opened at 117.88 on Thursday. The company has a market capitalization of $15.61 billion, a price-to-earnings ratio of 37.95 and a beta of 0.93. The firm’s 50-day moving average price is $125.63 and its 200-day moving average price is $123.92. Vulcan Materials Company has a 52 week low of $105.71 and a 52 week high of $138.18.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by $0.32. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.07 billion. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. Vulcan Materials’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. On average, equities analysts expect that Vulcan Materials Company will post $3.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Monday, August 21st. Vulcan Materials’s dividend payout ratio is presently 32.36%.
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VMC has been the subject of several analyst reports. Zacks Investment Research downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Citigroup Inc. reissued a “buy” rating on shares of Vulcan Materials in a report on Thursday, May 11th. Argus increased their price target on Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, June 9th. BidaskClub upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a research note on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Vulcan Materials has an average rating of “Hold” and an average target price of $139.67.
In other Vulcan Materials news, VP Ejaz A. Khan sold 2,024 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $125.30, for a total value of $253,607.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stanley G. Bass sold 4,413 shares of Vulcan Materials stock in a transaction dated 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 of the company’s stock, valued at $2,895,948. The disclosure for this sale can be found here. Insiders have sold 6,743 shares of company stock valued at $876,515 in the last three months. 0.89% of the stock is owned by insiders.
About Vulcan Materials
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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