California State Teachers Retirement System lowered its holdings in Vulcan Materials (NYSE:VMC) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 220,797 shares of the construction company’s stock after selling 745 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Vulcan Materials worth $28,344,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. New Mexico Educational Retirement Board lifted its stake in shares of Vulcan Materials by 3.2% in the 4th quarter. New Mexico Educational Retirement Board now owns 12,719 shares of the construction company’s stock valued at $1,633,000 after purchasing an additional 400 shares during the period. MML Investors Services LLC raised its stake in Vulcan Materials by 11.6% during the fourth quarter. MML Investors Services LLC now owns 3,933 shares of the construction company’s stock valued at $505,000 after buying an additional 408 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in Vulcan Materials by 3.6% during the fourth quarter. Rice Hall James & Associates LLC now owns 14,861 shares of the construction company’s stock valued at $1,908,000 after buying an additional 514 shares during the last quarter. Main Street Research LLC raised its stake in Vulcan Materials by 0.7% during the fourth quarter. Main Street Research LLC now owns 89,649 shares of the construction company’s stock valued at $11,508,000 after buying an additional 591 shares during the last quarter. Finally, Capital Innovations LLC raised its stake in Vulcan Materials by 24.9% during the fourth quarter. Capital Innovations LLC now owns 3,035 shares of the construction company’s stock valued at $390,000 after buying an additional 605 shares during the last quarter. 92.23% of the stock is currently owned by hedge funds and other institutional investors.
In other Vulcan Materials news, insider Michael R. Mills sold 3,738 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total value of $502,985.28. Following the transaction, the insider now directly owns 44,581 shares of the company’s stock, valued at approximately $5,998,819.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.89% of the company’s stock.
Shares of VMC traded down $3.43 during midday trading on Friday, hitting $113.56. 1,409,526 shares of the company’s stock traded hands, compared to its average volume of 1,258,010. The firm has a market cap of $15,044.66, a PE ratio of 37.36, a P/E/G ratio of 1.24 and a beta of 0.98. The company has a current ratio of 2.66, a quick ratio of 1.80 and a debt-to-equity ratio of 0.57. Vulcan Materials has a 1 year low of $109.96 and a 1 year high of $141.20.
Vulcan Materials (NYSE:VMC) last posted its earnings results on Friday, February 16th. The construction company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. Vulcan Materials had a return on equity of 8.68% and a net margin of 15.45%. The firm had revenue of $977.50 million for the quarter, compared to analysts’ expectations of $929.36 million. During the same period last year, the firm earned $0.69 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. research analysts forecast that Vulcan Materials will post 4.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.99%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 22nd. Vulcan Materials’s dividend payout ratio (DPR) is 36.84%.
VMC has been the subject of several research analyst reports. Citigroup reaffirmed a “buy” rating and issued a $144.00 price objective on shares of Vulcan Materials in a report on Tuesday, December 26th. SunTrust Banks set a $145.00 price target on Vulcan Materials and gave the company a “buy” rating in a report on Saturday, December 16th. Zacks Investment Research downgraded Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 6th. Stephens restated a “buy” rating and issued a $158.00 price objective on shares of Vulcan Materials in a research report on Wednesday, January 3rd. Finally, Bank of America boosted their target price on Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $145.11.
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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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