Tahithromos L.L.C. Takes $1.14 Million Position in Vulcan Materials Company (VMC)
Tahithromos L.L.C. acquired a new stake in Vulcan Materials Company (NYSE:VMC) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,500 shares of the construction company’s stock, valued at approximately $1,136,000. Vulcan Materials accounts for about 1.4% of Tahithromos L.L.C.’s investment portfolio, making the stock its 13th largest holding.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. New England Research & Management Inc. acquired a new position in shares of Vulcan Materials in the 3rd quarter valued at approximately $287,000. Schwab Charles Investment Management Inc. raised its position in shares of Vulcan Materials by 2.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 418,466 shares of the construction company’s stock valued at $53,012,000 after buying an additional 11,647 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Vulcan Materials by 7.5% in the 2nd quarter. Principal Financial Group Inc. now owns 554,208 shares of the construction company’s stock valued at $70,207,000 after buying an additional 38,479 shares in the last quarter. Geneva Advisors LLC acquired a new position in shares of Vulcan Materials in the 2nd quarter valued at approximately $647,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Vulcan Materials by 1.2% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 264,909 shares of the construction company’s stock valued at $33,559,000 after buying an additional 3,265 shares in the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.
Vulcan Materials Company (NYSE:VMC) traded up $0.11 during mid-day trading on Friday, reaching $122.85. 609,800 shares of the company were exchanged, compared to its average volume of 1,260,353. The firm has a market cap of $16,251.15, a PE ratio of 41.36, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. Vulcan Materials Company has a twelve month low of $108.95 and a twelve month high of $136.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings data 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 company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. Vulcan Materials’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 earnings per share. analysts predict that Vulcan Materials Company will post 3.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, November 21st. Vulcan Materials’s dividend payout ratio is 34.97%.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Jefferies Group LLC set a $114.00 target price on shares of Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $154.00 target price on shares of Vulcan Materials in a research report on Tuesday, October 10th. Stephens upgraded shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $140.00 to $145.00 in a research report on Thursday, August 3rd. Finally, Citigroup Inc. restated a “buy” rating and issued a $140.00 target price (down from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $140.00.
In related news, insider David B. Pasley sold 1,250 shares of the company’s 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 completion of the transaction, the insider now directly owns 2,857 shares in the company, valued at approximately $347,154.07. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael R. Mills sold 981 shares of the company’s 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 of the company’s stock, valued at $2,806,036.05. 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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