Mcmillion Capital Management Inc. decreased its stake in Vulcan Materials (NYSE:VMC) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,795 shares of the construction company’s stock after selling 880 shares during the quarter. Mcmillion Capital Management Inc.’s holdings in Vulcan Materials were worth $2,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in Vulcan Materials by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 13,385,889 shares of the construction company’s stock valued at $1,695,724,000 after purchasing an additional 346,085 shares during the last quarter. JPMorgan Chase & Co. raised its position in Vulcan Materials by 2.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,774,421 shares of the construction company’s stock valued at $604,822,000 after purchasing an additional 127,405 shares during the last quarter. Janus Henderson Group PLC raised its position in Vulcan Materials by 4,985.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,209,593 shares of the construction company’s stock valued at $533,271,000 after purchasing an additional 4,126,822 shares during the last quarter. Bank of New York Mellon Corp raised its position in Vulcan Materials by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,617,707 shares of the construction company’s stock valued at $331,609,000 after purchasing an additional 58,520 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Vulcan Materials by 17.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,385,223 shares of the construction company’s stock valued at $285,272,000 after purchasing an additional 354,498 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Vulcan Materials (NYSE VMC) traded down $2.87 during mid-day trading on Friday, hitting $120.24. The stock had a trading volume of 1,229,200 shares, compared to its average volume of 1,262,750. The company has a market capitalization of $16,285.54, a P/E ratio of 41.45, a P/E/G ratio of 2.40 and a beta of 0.88. Vulcan Materials has a 12 month low of $108.95 and a 12 month high of $136.82. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.36). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 EPS. analysts predict that Vulcan Materials will post 3.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 22nd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.83%. Vulcan Materials’s dividend payout ratio (DPR) is presently 34.97%.

A number of equities research analysts have recently weighed in on the company. Barclays assumed coverage on Vulcan Materials in a research report on Tuesday. They set an “overweight” rating and a $135.00 target price for the company. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Jefferies Group boosted their target price on Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Bank of America dropped their target price on Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Thursday, October 19th. Finally, Royal Bank of Canada restated a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $139.29.

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Vulcan Materials 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).

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

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