Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Vulcan Materials Company (NYSE:VMC) by 9.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,757 shares of the construction company’s stock after purchasing an additional 939 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Vulcan Materials were worth $1,287,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of VMC. Vanguard Group Inc. lifted its stake in Vulcan Materials by 2.7% in the second quarter. Vanguard Group Inc. now owns 13,385,889 shares of the construction company’s stock worth $1,695,724,000 after acquiring an additional 346,085 shares during the period. JPMorgan Chase & Co. lifted its stake in Vulcan Materials by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 4,774,421 shares of the construction company’s stock worth $604,822,000 after acquiring an additional 127,405 shares during the period. Janus Henderson Group PLC lifted its stake in Vulcan Materials by 4,985.8% in the second 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 during the period. Bank of New York Mellon Corp lifted its stake in Vulcan Materials by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 2,617,707 shares of the construction company’s stock worth $331,609,000 after acquiring an additional 58,520 shares during the period. Finally, Third Point LLC purchased a new stake in Vulcan Materials in the second quarter worth $202,688,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.
Shares of Vulcan Materials Company (NYSE:VMC) traded up $4.04 during trading on Tuesday, reaching $125.25. The company’s stock had a trading volume of 1,860,400 shares, compared to its average volume of 1,261,352. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34. The stock has a market capitalization of $16,034.20, a price-to-earnings ratio of 40.81, a P/E/G ratio of 2.37 and a beta of 0.88. Vulcan Materials Company has a fifty-two week low of $108.95 and a fifty-two week high of $136.82.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data 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 firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. equities analysts expect that Vulcan Materials Company will post 3.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, November 21st. Vulcan Materials’s dividend payout ratio is currently 34.97%.
A number of brokerages recently commented on VMC. Jefferies Group set a $114.00 price target on Vulcan Materials and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a research note on Tuesday, October 10th. Bank of America dropped their price target on Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. Citigroup reaffirmed a “buy” rating and issued a $140.00 price target (down previously from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. Finally, Zacks Investment Research lowered Vulcan Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. 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 stock presently has an average rating of “Hold” and an average price target of $140.00.
In other Vulcan Materials news, insider Michael R. Mills sold 981 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.89% of the company’s stock.
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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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