Keeley Teton Advisors LLC reduced its position in Vulcan Materials (NYSE:VMC) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing 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.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sun Life Financial INC raised its position 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 acquiring an additional 960 shares during the period. Korea Investment CORP raised its position 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 acquiring an additional 718 shares during the period. Schroder Investment Management Group acquired a new position in shares of Vulcan Materials in the second quarter worth about $187,000. Wetherby Asset Management Inc. acquired a new position in shares of Vulcan Materials during the 2nd quarter worth about $203,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of Vulcan Materials during the 2nd quarter worth about $204,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on VMC shares. Jefferies Group upped their price target on shares of Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. 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. Bank of America dropped their price objective on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $140.00.
Vulcan Materials (NYSE VMC) traded up $0.58 during trading hours on Friday, hitting $120.82. 1,322,943 shares of the company were exchanged, compared to its average volume of 1,150,000. 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 cap of $15,980.00, a PE ratio of 40.67, a P/E/G ratio of 2.34 and a beta of 0.88. Vulcan Materials has a 1 year low of $108.95 and a 1 year high of $136.82.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the Zacks’ 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 business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. equities analysts predict that Vulcan Materials will post 3.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. 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).
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