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%.

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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).

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

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