Northwestern Mutual Wealth Management Co. trimmed its position in shares of Vulcan Materials Company (NYSE:VMC) by 12.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,270 shares of the construction company’s stock after selling 1,027 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Vulcan Materials were worth $921,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Vulcan Materials by 3.2% during the first quarter. Vanguard Group Inc. now owns 13,039,804 shares of the construction company’s stock worth $1,571,036,000 after purchasing an additional 409,777 shares in the last quarter. BlackRock Inc. boosted its position in Vulcan Materials by 2,909.7% during the first quarter. BlackRock Inc. now owns 8,067,195 shares of the construction company’s stock worth $971,936,000 after purchasing an additional 7,799,158 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Vulcan Materials by 2.7% during the second quarter. JPMorgan Chase & Co. now owns 4,774,421 shares of the construction company’s stock worth $604,822,000 after purchasing an additional 127,405 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Vulcan Materials by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 2,617,707 shares of the construction company’s stock worth $331,609,000 after purchasing an additional 58,520 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Vulcan Materials by 9.4% during the first quarter. Geode Capital Management LLC now owns 1,249,739 shares of the construction company’s stock worth $150,345,000 after purchasing an additional 107,089 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

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In other news, 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 transaction of $151,887.50. Following the completion of the sale, the insider now directly owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.89% of the company’s stock.

Shares of Vulcan Materials Company (NYSE VMC) opened at 118.00 on Wednesday. The stock has a 50 day moving average price of $118.82 and a 200 day moving average price of $122.47. The stock has a market capitalization of $15.61 billion, a P/E ratio of 37.99 and a beta of 0.94. Vulcan Materials Company has a 12 month low of $105.71 and a 12 month high of $138.18.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Monday, August 21st. Vulcan Materials’s dividend payout ratio is presently 32.36%.

VMC has been the topic of a number of research analyst reports. Argus boosted their target price on Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research upgraded Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Tuesday, June 20th. 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. BidaskClub upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Jefferies Group LLC set a $114.00 target price on Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. 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. The company currently has a consensus rating of “Hold” and a consensus target price of $136.00.

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).

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

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