Engineers Gate Manager LP purchased a new stake in Vulcan Materials (NYSE:VMC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,384 shares of the construction company’s stock, valued at approximately $434,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VMC. Third Point LLC boosted its holdings in shares of Vulcan Materials by 46.9% in the third quarter. Third Point LLC now owns 2,350,000 shares of the construction company’s stock valued at $281,060,000 after purchasing an additional 750,000 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Vulcan Materials by 116.5% in the third quarter. Point72 Asset Management L.P. now owns 1,038,752 shares of the construction company’s stock valued at $124,235,000 after purchasing an additional 558,900 shares during the period. CI Investments Inc. purchased a new stake in shares of Vulcan Materials in the third quarter valued at approximately $55,271,000. Principal Financial Group Inc. boosted its holdings in shares of Vulcan Materials by 71.2% in the third quarter. Principal Financial Group Inc. now owns 949,062 shares of the construction company’s stock valued at $113,508,000 after purchasing an additional 394,854 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Vulcan Materials by 17.5% in the third 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 period. Hedge funds and other institutional investors own 88.78% of the company’s stock.

A number of analysts recently issued reports on the company. Citigroup boosted their price target on Vulcan Materials from $144.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Sunday, January 21st. Jefferies Group reiterated a “hold” rating and issued a $135.00 price target on shares of Vulcan Materials in a report on Wednesday, January 17th. Stephens reiterated a “buy” rating and issued a $158.00 price target on shares of Vulcan Materials in a report on Wednesday, January 3rd. Finally, Bank of America boosted their price objective on shares of Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $146.00.

Vulcan Materials (VMC) opened at $129.62 on Thursday. The company has a market cap of $17,150.00, a P/E ratio of 44.24, a P/E/G ratio of 1.86 and a beta of 0.84. Vulcan Materials has a 12 month low of $108.95 and a 12 month high of $141.20. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be paid a $0.28 dividend. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.86%. Vulcan Materials’s payout ratio is 34.13%.

In related news, insider Michael R. Mills sold 4,659 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the completion of the transaction, the insider now owns 45,351 shares of the company’s stock, valued at $6,043,020.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael R. Mills sold 3,738 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total transaction of $502,985.28. Following the completion of the transaction, the insider now directly owns 44,581 shares of the company’s stock, valued at approximately $5,998,819.36. The disclosure for this sale can be found here. 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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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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