Thompson Siegel & Walmsley LLC Sells 100 Shares of Vulcan Materials Company (VMC)
Thompson Siegel & Walmsley LLC lowered its stake in Vulcan Materials Company (NYSE:VMC) by 10.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 860 shares of the construction company’s stock after selling 100 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Vulcan Materials were worth $109,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. lifted its position in 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 valued at $392,000 after purchasing an additional 14 shares during the last quarter. Eads & Heald Investment Counsel lifted its position in Vulcan Materials by 0.8% in the second quarter. Eads & Heald Investment Counsel now owns 2,257 shares of the construction company’s stock valued at $286,000 after purchasing an additional 17 shares during the last quarter. Traynor Capital Management Inc. lifted its position in Vulcan Materials by 0.7% in the second quarter. Traynor Capital Management Inc. now owns 2,317 shares of the construction company’s stock valued at $287,000 after purchasing an additional 17 shares during the last quarter. Gardner Russo & Gardner LLC lifted its position in Vulcan Materials by 1.0% in the first quarter. Gardner Russo & Gardner LLC now owns 4,950 shares of the construction company’s stock valued at $596,000 after purchasing an additional 50 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its position in Vulcan Materials by 2.0% in the first quarter. Bahl & Gaynor Inc. now owns 3,118 shares of the construction company’s stock valued at $376,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.
Vulcan Materials Company (NYSE VMC) opened at 121.52 on Friday. The stock has a market capitalization of $16.07 billion, a PE ratio of 39.12 and a beta of 0.94. Vulcan Materials Company has a 1-year low of $105.71 and a 1-year high of $138.18. The stock’s 50 day moving average price is $119.08 and its 200 day moving average price is $122.44.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.22 by $0.32. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 earnings per share. On average, equities research analysts predict that Vulcan Materials Company will post $3.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, August 21st. This represents a $1.00 annualized dividend and a yield of 0.82%. Vulcan Materials’s payout ratio is currently 32.36%.
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VMC has been the subject of several recent research reports. Zacks Investment Research upgraded Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Tuesday, June 20th. BidaskClub downgraded Vulcan Materials from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Argus boosted their price objective on Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials in a research report on Monday, June 19th. Finally, Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $140.00 to $145.00 in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $136.00.
In other Vulcan Materials news, insider Stanley G. Bass sold 4,413 shares of the firm’s 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 transaction, the insider now directly owns 21,939 shares in the company, valued at approximately $2,895,948. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David B. Pasley sold 1,250 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $121.51, for a total value of $151,887.50. Following the transaction, the insider now owns 2,857 shares in the company, valued at $347,154.07. The disclosure for this sale can be found here. Insiders have sold a total of 5,969 shares of company stock worth $774,796 over the last 90 days. 0.89% of the stock is currently owned by company insiders.
Vulcan Materials 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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