BB&T Corp boosted its stake in Vulcan Materials (NYSE:VMC) by 39.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,123 shares of the construction company’s stock after buying an additional 1,456 shares during the quarter. BB&T Corp’s holdings in Vulcan Materials were worth $657,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. New England Research & Management Inc. acquired a new stake in shares of Vulcan Materials during the 3rd quarter worth approximately $287,000. Global X MANAGEMENT CO LLC increased its holdings in Vulcan Materials by 20.9% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,222 shares of the construction company’s stock valued at $864,000 after purchasing an additional 1,247 shares during the last quarter. AXA boosted its position in Vulcan Materials by 46.3% in the 3rd quarter. AXA now owns 46,657 shares of the construction company’s stock valued at $5,580,000 after buying an additional 14,759 shares during the period. Quantitative Systematic Strategies LLC boosted its position in Vulcan Materials by 178.1% in the 3rd quarter. Quantitative Systematic Strategies LLC now owns 16,514 shares of the construction company’s stock valued at $1,975,000 after buying an additional 10,576 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its position in Vulcan Materials by 29.1% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 72,900 shares of the construction company’s stock valued at $8,719,000 after buying an additional 16,428 shares during the period. 88.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Vulcan Materials (VMC) traded up $3.61 on Tuesday, hitting $130.77. 500,439 shares of the company traded hands, compared to its average volume of 1,466,396. Vulcan Materials has a fifty-two week low of $108.95 and a fifty-two week high of $141.20. 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 capitalization of $16,535.56, a P/E ratio of 45.72, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a dividend of $0.28 per share. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.12 annualized dividend and a yield of 0.86%. Vulcan Materials’s dividend payout ratio is 34.97%.
In related news, insider Michael R. Mills sold 4,659 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $133.25, for a total transaction of $620,811.75. Following the completion of the sale, the insider now directly owns 45,351 shares of the company’s stock, valued at approximately $6,043,020.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael R. Mills sold 3,738 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total transaction of $502,985.28. Following the sale, the insider now directly owns 44,581 shares of the company’s stock, valued at $5,998,819.36. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.
Several equities analysts have commented on the stock. Citigroup raised their price target on shares of Vulcan Materials from $144.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Sunday, January 21st. Jefferies Group reissued a “hold” rating and issued a $135.00 price target on shares of Vulcan Materials in a research report on Wednesday, January 17th. Stephens restated a “buy” rating and issued a $158.00 price objective on shares of Vulcan Materials in a research note on Wednesday, January 3rd. Finally, Bank of America boosted their price target on shares of Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $146.13.
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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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