First Trust Advisors LP Buys 5,881 Shares of Vulcan Materials (VMC)
First Trust Advisors LP raised its holdings in Vulcan Materials (NYSE:VMC) by 9.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,696 shares of the construction company’s stock after buying an additional 5,881 shares during the quarter. First Trust Advisors LP owned approximately 0.05% of Vulcan Materials worth $7,417,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Arlington Partners LLC purchased a new stake in Vulcan Materials in the 3rd quarter valued at about $111,000. Mount Yale Investment Advisors LLC grew its holdings in Vulcan Materials by 90.1% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 960 shares of the construction company’s stock valued at $124,000 after buying an additional 455 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in Vulcan Materials in the 2nd quarter valued at about $194,000. Exane Derivatives grew its holdings in Vulcan Materials by 114.0% in the 3rd quarter. Exane Derivatives now owns 1,778 shares of the construction company’s stock valued at $198,000 after buying an additional 947 shares during the period. Finally, Advisor Partners LLC purchased a new stake in Vulcan Materials in the 2nd quarter valued at about $201,000. Institutional investors own 97.93% of the company’s stock.
Several analysts have commented on VMC shares. Zacks Investment Research cut Vulcan Materials from a “hold” rating to a “sell” rating in a report on Monday, July 23rd. Bank of America cut Vulcan Materials from a “buy” rating to a “neutral” rating and set a $130.00 price target for the company. in a report on Wednesday, July 25th. They noted that the move was a valuation call. ValuEngine cut Vulcan Materials from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. Jefferies Financial Group upgraded Vulcan Materials from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a report on Wednesday, August 1st. Finally, Royal Bank of Canada upgraded Vulcan Materials from a “sector perform” rating to an “outperform” rating and set a $97.00 price target for the company in a report on Wednesday, August 1st. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $121.45.
NYSE VMC opened at $107.16 on Friday. The stock has a market capitalization of $13.69 billion, a PE ratio of 35.25, a PEG ratio of 1.33 and a beta of 0.99. Vulcan Materials has a 1-year low of $82.52 and a 1-year high of $141.20. The company has a current ratio of 1.70, a quick ratio of 1.11 and a debt-to-equity ratio of 0.54.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, October 30th. The construction company reported $1.40 earnings per share for the quarter, meeting the consensus estimate of $1.40. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Vulcan Materials had a return on equity of 10.20% and a net margin of 16.84%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. Sell-side analysts expect that Vulcan Materials will post 3.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Wednesday, November 21st will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, November 20th. Vulcan Materials’s dividend payout ratio is currently 36.84%.
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Vulcan Materials Company Profile
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.
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