L & S Advisors Inc boosted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,870 shares of the construction company’s stock after buying an additional 25 shares during the quarter. L & S Advisors Inc’s holdings in Vulcan Materials were worth $490,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Gilder Gagnon Howe & Co. LLC bought a new stake in Vulcan Materials in the first quarter valued at approximately $105,000. Sun Life Financial INC lifted its position in shares of Vulcan Materials by 10,666.7% in the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock valued at $123,000 after buying an additional 960 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its position in shares of Vulcan Materials by 25.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock valued at $126,000 after buying an additional 200 shares during the last quarter. Korea Investment CORP boosted its stake in shares of Vulcan Materials by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock worth $156,000 after acquiring an additional 718 shares during the period. Finally, Schroder Investment Management Group bought a new position in shares of Vulcan Materials during the 2nd quarter worth approximately $187,000. 87.13% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Company (NYSE:VMC) traded down 0.54% during mid-day trading on Monday, reaching $118.95. The company had a trading volume of 232,836 shares. Vulcan Materials Company has a one year low of $105.71 and a one year high of $138.18. The company’s 50-day moving average is $117.19 and its 200-day moving average is $122.24. The stock has a market capitalization of $15.73 billion, a PE ratio of 38.30 and a beta of 0.87.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.32). The company 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 business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. Equities research analysts anticipate that Vulcan Materials Company will post $3.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Monday, August 21st. Vulcan Materials’s payout ratio is 32.36%.

A number of research analysts recently weighed in on VMC shares. Zacks Investment Research raised Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Tuesday, June 20th. BidaskClub downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC set a $114.00 price target on Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, August 22nd. Stephens raised shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $140.00 to $145.00 in a research report on Thursday, August 3rd. Finally, 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $136.00.

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In other news, insider Michael R. Mills sold 981 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the sale, the insider now owns 23,871 shares in the company, valued at approximately $2,806,036.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David B. Pasley sold 1,250 shares of Vulcan Materials stock in a transaction that occurred 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 in the company, valued at approximately $347,154.07. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate 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).

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

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