Sei Investments Co. increased its stake in shares of Vulcan Materials Company (NYSE:VMC) by 27.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,418 shares of the construction company’s stock after buying an additional 15,741 shares during the quarter. Sei Investments Co. owned about 0.05% of Vulcan Materials worth $8,662,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Sun Life Financial INC grew its position in Vulcan Materials by 10,666.7% during the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after buying an additional 960 shares in the last quarter. NN Investment Partners Holdings N.V. grew its position in Vulcan Materials by 25.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock worth $126,000 after buying an additional 200 shares in the last quarter. Korea Investment CORP grew its position in Vulcan Materials by 140.5% during the second quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock worth $156,000 after buying an additional 718 shares in the last quarter. Schroder Investment Management Group acquired a new stake in Vulcan Materials during the second quarter worth approximately $187,000. Finally, Wetherby Asset Management Inc. acquired a new stake in Vulcan Materials during the second quarter worth approximately $203,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on VMC. Zacks Investment Research downgraded Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Jefferies Group LLC set a $114.00 price target on Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Royal Bank Of Canada reissued a “buy” rating and set a $154.00 price target on shares of Vulcan Materials in a research report on Tuesday, October 10th. Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $140.00 to $145.00 in a research note on Thursday, August 3rd. Finally, Citigroup Inc. restated a “buy” rating and set a $140.00 target price (down from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $140.00.
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In other news, insider David B. Pasley sold 1,250 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $121.51, for a total value of $151,887.50. Following the completion of the transaction, the insider now directly owns 2,857 shares in the company, valued at approximately $347,154.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael R. Mills sold 981 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total value of $115,316.55. Following the completion of the transaction, the insider now owns 23,871 shares of the company’s stock, valued at $2,806,036.05. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.
Shares of Vulcan Materials Company (NYSE:VMC) opened at $122.74 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22. Vulcan Materials Company has a 12 month low of $108.95 and a 12 month high of $136.82. The firm has a market capitalization of $16,386.08, a price-to-earnings ratio of 41.71, a price-to-earnings-growth ratio of 2.42 and a beta of 0.86.
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 the consensus estimate of $1.40 by ($0.36). Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The business 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 company earned $1.01 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. equities analysts anticipate that Vulcan Materials Company will post 3.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, November 21st. Vulcan Materials’s payout ratio is presently 34.97%.
About Vulcan Materials
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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