Advisors Asset Management Inc. decreased its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,907 shares of the construction company’s stock after selling 1,625 shares during the quarter. Advisors Asset Management Inc.’s holdings in Vulcan Materials were worth $6,686,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in Vulcan Materials by 4,985.8% during the 2nd quarter. Janus Henderson Group PLC now owns 4,209,593 shares of the construction company’s stock worth $533,271,000 after acquiring an additional 4,126,822 shares in the last quarter. Third Point LLC bought a new position in Vulcan Materials during the 2nd quarter worth about $202,688,000. Cramer Rosenthal Mcglynn LLC purchased a new stake in shares of Vulcan Materials during the second quarter valued at about $58,623,000. CI Investments Inc. purchased a new stake in shares of Vulcan Materials during the third quarter valued at about $55,271,000. Finally, Principal Financial Group Inc. lifted its position in shares of Vulcan Materials by 71.2% during the third quarter. Principal Financial Group Inc. now owns 949,062 shares of the construction company’s stock valued at $113,508,000 after buying an additional 394,854 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.
Several analysts have commented on the stock. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Jefferies Group set a $114.00 price target on shares of Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, August 22nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a report on Tuesday, October 10th. Citigroup reaffirmed a “buy” rating and set a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. Finally, Bank of America dropped their price objective on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Vulcan Materials presently has a consensus rating of “Hold” and an average price target of $140.00.
Shares of Vulcan Materials Company (VMC) traded up $4.04 during mid-day trading on Monday, reaching $125.25. The company’s stock had a trading volume of 1,860,478 shares, compared to its average volume of 1,261,352. Vulcan Materials Company has a 12 month low of $108.95 and a 12 month high of $136.82. 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 stock has a market cap of $16,570.00, a price-to-earnings ratio of 40.81, a P/E/G ratio of 2.37 and a beta of 0.88.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.36). The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 EPS. equities research analysts predict that Vulcan Materials Company will post 3.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.80%. Vulcan Materials’s dividend payout ratio (DPR) is currently 34.13%.
In other Vulcan Materials news, insider Michael R. Mills sold 981 shares of Vulcan Materials stock in a transaction dated Wednesday, September 13th. The stock was 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 directly owns 23,871 shares of the company’s stock, valued at approximately $2,806,036.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.89% of the stock is currently owned by insiders.
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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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