Keeley Teton Advisors LLC Trims Stake in Vulcan Materials Company (VMC)

Keeley Teton Advisors LLC trimmed its position in Vulcan Materials Company (NYSE:VMC) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,298 shares of the construction company’s stock after selling 980 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Vulcan Materials were worth $2,786,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sun Life Financial INC increased its holdings in shares of Vulcan Materials by 10,666.7% in the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after purchasing an additional 960 shares during the last quarter. Korea Investment CORP increased its holdings in shares of Vulcan Materials by 140.5% in the second quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock worth $156,000 after purchasing an additional 718 shares during the last quarter. Schroder Investment Management Group bought a new stake in shares of Vulcan Materials in the second quarter worth about $187,000. Wetherby Asset Management Inc. bought a new stake in shares of Vulcan Materials in the second quarter worth about $203,000. Finally, Advisor Partners LLC bought a new stake in shares of Vulcan Materials in the second quarter worth about $204,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

In other Vulcan Materials news, insider Michael R. Mills sold 981 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $2,806,036.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.89% of the stock is owned by insiders.

Several equities research analysts have weighed in on VMC shares. Jefferies Group set a $114.00 price objective on Vulcan Materials and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. Citigroup reissued 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. Royal Bank Of Canada reissued a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a research note on Tuesday, October 10th. Finally, Bank of America reduced their price objective on 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 equities 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 company’s stock. The company currently has an average rating of “Hold” and an average target price of $140.00.

Shares of Vulcan Materials Company (NYSE:VMC) traded up $3.77 during midday trading on Friday, reaching $124.88. The company’s stock had a trading volume of 1,688,600 shares, compared to its average volume of 1,262,069. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60. Vulcan Materials Company has a 52 week low of $108.95 and a 52 week high of $136.82. The company has a market capitalization of $16,770.00, a PE ratio of 40.78, a P/E/G ratio of 2.36 and a beta of 0.88.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. equities analysts predict that Vulcan Materials Company will post 3.04 EPS for the current 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 given a dividend of $0.25 per share. The ex-dividend date is Tuesday, November 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. Vulcan Materials’s dividend payout ratio (DPR) is presently 34.13%.

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Vulcan Materials Profile

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).

Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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