Zeke Capital Advisors LLC Takes $245,000 Position in Vulcan Materials Company (VMC)
Zeke Capital Advisors LLC bought a new position in Vulcan Materials Company (NYSE:VMC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,047 shares of the construction company’s stock, valued at approximately $245,000.
Several other institutional investors and hedge funds have also bought and sold shares of VMC. New England Research & Management Inc. bought a new position in shares of Vulcan Materials in the third quarter valued at approximately $287,000. Schwab Charles Investment Management Inc. boosted its position in shares of Vulcan Materials by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 418,466 shares of the construction company’s stock valued at $53,012,000 after acquiring an additional 11,647 shares during the period. Principal Financial Group Inc. boosted its position in shares of Vulcan Materials by 7.5% in the second quarter. Principal Financial Group Inc. now owns 554,208 shares of the construction company’s stock valued at $70,207,000 after acquiring an additional 38,479 shares during the period. Geneva Advisors LLC bought a new position in shares of Vulcan Materials in the second quarter valued at approximately $647,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Vulcan Materials by 1.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 264,909 shares of the construction company’s stock valued at $33,559,000 after acquiring an additional 3,265 shares during the period. Hedge funds and other institutional investors own 89.10% of the company’s stock.
A number of equities analysts have recently commented on VMC shares. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Jefferies Group set a $114.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Citigroup reiterated a “buy” rating and set a $140.00 target price (down from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. Royal Bank Of Canada reiterated a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a research report on Tuesday, October 10th. Finally, Bank of America dropped their target price on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $140.00.
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 consensus estimate of $1.40 by ($0.36). Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. analysts anticipate that Vulcan Materials Company will post 3.04 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.83%. Vulcan Materials’s payout ratio is presently 34.97%.
In other Vulcan Materials news, insider Michael R. Mills sold 981 shares of Vulcan Materials 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 directly owns 23,871 shares in the company, valued at $2,806,036.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.89% of the company’s stock.
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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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