Prudential Financial Inc. lessened its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 189,902 shares of the construction company’s stock after selling 3,580 shares during the period. Prudential Financial Inc. owned 0.14% of Vulcan Materials worth $24,057,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Vulcan Materials by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 13,039,804 shares of the construction company’s stock valued at $1,571,036,000 after buying an additional 409,777 shares during the last quarter. BlackRock Inc. grew its position in shares of Vulcan Materials by 2,909.7% during the 1st quarter. BlackRock Inc. now owns 8,067,195 shares of the construction company’s stock valued at $971,936,000 after buying an additional 7,799,158 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Vulcan Materials by 10.6% during the 1st quarter. JPMorgan Chase & Co. now owns 4,647,016 shares of the construction company’s stock valued at $559,872,000 after buying an additional 443,701 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Vulcan Materials by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,617,707 shares of the construction company’s stock valued at $331,609,000 after buying an additional 58,520 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Vulcan Materials by 9.4% during the 1st quarter. Geode Capital Management LLC now owns 1,249,739 shares of the construction company’s stock valued at $150,345,000 after buying an additional 107,089 shares during the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Shares of Vulcan Materials Company (VMC) opened at 121.20 on Tuesday. The stock has a 50 day moving average of $119.80 and a 200-day moving average of $122.50. Vulcan Materials Company has a 52 week low of $105.71 and a 52 week high of $138.18. The firm has a market capitalization of $16.03 billion, a price-to-earnings ratio of 39.02 and a beta of 0.94.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.22 by $0.32. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts expect that Vulcan Materials Company will post $3.44 earnings per share for the current year.

The firm 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Monday, August 21st. Vulcan Materials’s dividend payout ratio is 32.36%.

A number of brokerages recently weighed in on VMC. Zacks Investment Research downgraded shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a research report on Monday, June 19th. Jefferies Group LLC set a $114.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Citigroup Inc. reaffirmed a “buy” rating on shares of Vulcan Materials in a research report on Thursday, May 11th. Finally, BidaskClub raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Vulcan Materials has an average rating of “Hold” and a consensus price target of $136.00.

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In other news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of Vulcan Materials stock in a transaction that occurred 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 completion of the sale, the general counsel now owns 5,292 shares in the company, valued at approximately $698,544. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stanley G. Bass sold 4,413 shares of Vulcan Materials stock in a transaction that occurred 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 owns 21,939 shares of the company’s stock, valued at approximately $2,895,948. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

Vulcan Materials 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).

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

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