Vulcan Materials Company (VMC) Position Boosted by Andra AP fonden
Andra AP fonden increased its position in shares of Vulcan Materials Company (NYSE:VMC) by 106.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,600 shares of the construction company’s stock after buying an additional 3,400 shares during the period. Andra AP fonden’s holdings in Vulcan Materials were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sun Life Financial INC increased its holdings in Vulcan Materials by 10,666.7% during the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after buying an additional 960 shares during the last quarter. NN Investment Partners Holdings N.V. increased its holdings in Vulcan Materials by 25.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock worth $126,000 after buying an additional 200 shares during the last quarter. Korea Investment CORP increased its holdings in shares of Vulcan Materials by 140.5% in the second quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock valued at $156,000 after purchasing an additional 718 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Vulcan Materials in the second quarter valued at $187,000. Finally, Wetherby Asset Management Inc. acquired a new position in shares of Vulcan Materials in the second quarter valued at $203,000. Institutional investors and hedge funds own 87.40% of the company’s stock.
Shares of Vulcan Materials Company (NYSE VMC) opened at $123.99 on Tuesday. The stock has a market cap of $16,414.52, a PE ratio of 41.78, a PEG ratio of 2.42 and a beta of 0.86. Vulcan Materials Company has a 52-week low of $108.95 and a 52-week high of $136.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34.
Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 EPS. sell-side analysts forecast that Vulcan Materials Company will post 3.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.81%. Vulcan Materials’s payout ratio is presently 34.97%.
Several equities analysts have commented on VMC shares. BidaskClub downgraded shares of Vulcan Materials from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and issued a $122.00 price objective on shares of Vulcan Materials in a report on Friday, October 13th. Bank of America Corporation decreased their price objective on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. Citigroup Inc. reiterated a “buy” rating and issued a $140.00 price objective (down from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Finally, Stephens upgraded shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $140.00 to $145.00 in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $140.00.
In other news, insider Michael R. Mills sold 981 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total value of $115,316.55. Following the completion of the sale, the insider now owns 23,871 shares of the company’s stock, valued at $2,806,036.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David B. Pasley sold 1,250 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were 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 disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.
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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