Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its position in shares of Vulcan Materials Company (NYSE:VMC) by 40.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,995 shares of the construction company’s stock after selling 14,744 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $2,786,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VMC. Benjamin F. Edwards & Company Inc. raised its position in shares of Vulcan Materials by 0.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,256 shares of the construction company’s stock worth $392,000 after buying an additional 14 shares in the last quarter. Eads & Heald Investment Counsel raised its position in shares of Vulcan Materials by 0.8% in the second quarter. Eads & Heald Investment Counsel now owns 2,257 shares of the construction company’s stock worth $286,000 after buying an additional 17 shares in the last quarter. Gardner Russo & Gardner LLC raised its position in shares of Vulcan Materials by 1.0% in the first quarter. Gardner Russo & Gardner LLC now owns 4,950 shares of the construction company’s stock worth $596,000 after buying an additional 50 shares in the last quarter. Bahl & Gaynor Inc. raised its position in shares of Vulcan Materials by 2.0% in the first quarter. Bahl & Gaynor Inc. now owns 3,118 shares of the construction company’s stock worth $376,000 after buying an additional 60 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Vulcan Materials by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,451 shares of the construction company’s stock worth $295,000 after buying an additional 77 shares in the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Vulcan Materials Company (NYSE:VMC) opened at 114.20 on Monday. The stock’s 50 day moving average price is $124.82 and its 200-day moving average price is $123.74. Vulcan Materials Company has a 52-week low of $105.71 and a 52-week high of $138.18. The company has a market capitalization of $15.11 billion, a P/E ratio of 36.77 and a beta of 0.93.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by $0.32. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 earnings per share. On average, equities analysts expect that Vulcan Materials Company will post $3.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Monday, August 21st. Vulcan Materials’s dividend payout ratio (DPR) is presently 32.36%.

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A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a research report on Monday, June 19th. Citigroup Inc. reiterated a “buy” rating on shares of Vulcan Materials in a research report on Thursday, May 11th. BidaskClub downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $140.00 to $145.00 in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $139.67.

In other news, VP Ejaz A. Khan sold 2,024 shares of Vulcan Materials stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $125.30, for a total value of $253,607.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Jerry F. Perkins, Jr. sold 306 shares of Vulcan Materials stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $40,392.00. Following the completion of the transaction, 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. Over the last quarter, insiders sold 6,743 shares of company stock valued at $876,515. 0.89% of the stock is owned by company 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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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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