Vulcan Materials Company (VMC) Holdings Boosted by L & S Advisors Inc
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).
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