Nationwide Fund Advisors Buys 5,198 Shares of Vulcan Materials Company (VMC)
Nationwide Fund Advisors raised its stake in shares of Vulcan Materials Company (NYSE:VMC) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,006 shares of the construction company’s stock after buying an additional 5,198 shares during the period. Nationwide Fund Advisors owned 0.10% of Vulcan Materials worth $17,229,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of VMC. BlackRock Inc. grew its position in shares of Vulcan Materials by 2,909.7% in the first quarter. BlackRock Inc. now owns 8,067,195 shares of the construction company’s stock valued at $971,936,000 after purchasing an additional 7,799,158 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Vulcan Materials in the first quarter valued at about $138,381,000. Marshall Wace North America L.P. acquired a new stake in shares of Vulcan Materials in the first quarter valued at about $138,381,000. Point72 Asset Management L.P. grew its position in shares of Vulcan Materials by 226.1% in the first quarter. Point72 Asset Management L.P. now owns 950,200 shares of the construction company’s stock valued at $114,480,000 after purchasing an additional 658,800 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Vulcan Materials by 10.6% in the first quarter. JPMorgan Chase & Co. now owns 4,647,016 shares of the construction company’s stock valued at $559,872,000 after purchasing an additional 443,701 shares during the last quarter. Institutional investors own 87.13% of the company’s stock.
Shares of Vulcan Materials Company (NYSE VMC) opened at 115.18 on Wednesday. The firm has a market capitalization of $15.24 billion, a P/E ratio of 37.08 and a beta of 0.94. The firm’s 50-day moving average price is $117.19 and its 200-day moving average price is $122.24. 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 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 the consensus estimate of $1.07 billion. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. Equities analysts predict that Vulcan Materials Company will post $3.40 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.87%. Vulcan Materials’s payout ratio is presently 32.36%.
VMC has been the topic of several research analyst reports. Argus raised their price target on Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, June 9th. BidaskClub raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a research report on Monday, June 19th. Zacks Investment Research raised Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Tuesday, June 20th. Finally, Stephens raised Vulcan Materials from an “equal weight” rating to an “overweight” rating and raised their price target 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 issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $136.00.
In other Vulcan Materials news, insider David B. Pasley sold 1,250 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $121.51, for a total transaction of $151,887.50. Following the transaction, the insider now owns 2,857 shares in the company, valued at approximately $347,154.07. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael R. Mills sold 981 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the transaction, the insider now owns 23,871 shares in the company, valued at approximately $2,806,036.05. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.
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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