Oppenheimer Asset Management Inc. Buys 1,414 Shares of Vulcan Materials (VMC)
Oppenheimer Asset Management Inc. lifted its stake in Vulcan Materials (NYSE:VMC) by 38.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,075 shares of the construction company’s stock after buying an additional 1,414 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Vulcan Materials were worth $606,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. L & S Advisors Inc raised its stake in shares of Vulcan Materials by 0.7% in the second quarter. L & S Advisors Inc now owns 3,870 shares of the construction company’s stock worth $490,000 after buying an additional 25 shares during the period. Calamos Wealth Management LLC raised its stake in Vulcan Materials by 0.8% during the 2nd quarter. Calamos Wealth Management LLC now owns 10,519 shares of the construction company’s stock valued at $1,333,000 after purchasing an additional 80 shares during the period. Thrivent Financial For Lutherans raised its stake in Vulcan Materials by 2.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,000 shares of the construction company’s stock valued at $633,000 after purchasing an additional 120 shares during the period. Linscomb & Williams Inc. raised its stake in Vulcan Materials by 3.1% during the 2nd quarter. Linscomb & Williams Inc. now owns 4,120 shares of the construction company’s stock valued at $522,000 after purchasing an additional 125 shares during the period. Finally, Nordea Investment Management AB raised its stake in Vulcan Materials by 3.7% during the 2nd quarter. Nordea Investment Management AB now owns 4,988 shares of the construction company’s stock valued at $632,000 after purchasing an additional 176 shares during the period. 89.10% of the stock is currently owned by hedge funds and other institutional investors.
Vulcan Materials (NYSE VMC) traded up $0.58 during trading hours on Friday, reaching $120.82. The company’s stock had a trading volume of 1,322,943 shares, compared to its average volume of 1,133,596. 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 has a 1-year low of $108.95 and a 1-year high of $136.82. The company has a market cap of $15,977.37, a P/E ratio of 40.67, a price-to-earnings-growth ratio of 2.34 and a beta of 0.88.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Tuesday, November 21st. Vulcan Materials’s payout ratio is 34.97%.
Several analysts recently issued reports on the company. Jefferies Group lifted their target price on Vulcan Materials from $122.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Zacks Investment Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Barclays assumed coverage on Vulcan Materials in a research note on Tuesday, December 12th. They set an “overweight” rating and a $135.00 target price on the stock. SunTrust Banks set a $145.00 target price on Vulcan Materials and gave the company a “buy” rating in a research note on Saturday. Finally, Citigroup reissued a “buy” rating and set a $140.00 target price (down previously from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $140.00.
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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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