Sei Investments Co. grew its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 27.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 0.05% of Vulcan Materials worth $8,662,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in VMC. Janus Henderson Group PLC increased its position in shares of Vulcan Materials by 4,985.8% during 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. Third Point LLC purchased a new position in shares of Vulcan Materials during the second quarter worth approximately $202,688,000. Cramer Rosenthal Mcglynn LLC purchased a new position in shares of Vulcan Materials during the second quarter worth approximately $58,623,000. Principal Financial Group Inc. increased 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 worth $113,508,000 after acquiring an additional 394,854 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Vulcan Materials by 2.7% during 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. Hedge funds and other institutional investors own 89.10% of the company’s stock.
Shares of Vulcan Materials Company (VMC) traded up $3.77 on Thursday, reaching $124.88. 1,688,602 shares of the company’s stock traded hands, compared to its average volume of 1,262,068. The firm has a market capitalization of $16,232.63, a P/E ratio of 41.32, a price-to-earnings-growth ratio of 2.39 and a beta of 0.88. Vulcan Materials Company has a 52 week low of $108.95 and a 52 week high of $136.82. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). The company had revenue of $1.09 billion during 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 company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. research analysts anticipate that Vulcan Materials Company will post 3.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.80%. Vulcan Materials’s dividend payout ratio is currently 34.97%.
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 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 transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.89% of the company’s stock.
A number of equities analysts have recently commented on the stock. Jefferies Group set a $114.00 target price on shares of Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a research report on Tuesday, October 10th. 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. Finally, Citigroup reiterated a “buy” rating and set a $140.00 price objective (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 issued a buy rating to the stock. Vulcan Materials presently has a consensus rating of “Hold” and an average price target of $140.00.
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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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