Federated Investors Inc. PA lifted its holdings in shares of Vulcan Materials (NYSE:VMC) by 281.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,595 shares of the construction company’s stock after purchasing an additional 1,914 shares during the quarter. Federated Investors Inc. PA’s holdings in Vulcan Materials were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in VMC. Tower Research Capital LLC TRC lifted its stake in Vulcan Materials by 1,140.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,451 shares of the construction company’s stock worth $187,000 after acquiring an additional 1,334 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in Vulcan Materials during the 4th quarter worth about $205,000. Cetera Advisor Networks LLC acquired a new position in Vulcan Materials during the 4th quarter worth about $208,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in Vulcan Materials during the 1st quarter worth about $217,000. Finally, Tiverton Asset Management LLC lifted its stake in Vulcan Materials by 41.9% during the 1st quarter. Tiverton Asset Management LLC now owns 2,008 shares of the construction company’s stock worth $229,000 after acquiring an additional 593 shares in the last quarter. Institutional investors and hedge funds own 93.98% of the company’s stock.
In other news, VP John R. Mcpherson sold 21,618 shares of the stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $130.37, for a total value of $2,818,338.66. Following the transaction, the vice president now owns 102,610 shares in the company, valued at approximately $13,377,265.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stanley G. Bass sold 4,109 shares of the stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $130.00, for a total value of $534,170.00. Following the completion of the transaction, the insider now owns 31,569 shares in the company, valued at approximately $4,103,970. The disclosure for this sale can be found here. Insiders sold a total of 49,001 shares of company stock worth $6,278,803 in the last ninety days. 0.81% of the stock is owned by corporate insiders.
VMC has been the topic of several research reports. ValuEngine lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Tuesday, May 1st. Bank of America raised Vulcan Materials from a “neutral” rating to a “buy” rating and set a $134.00 target price on the stock in a research note on Wednesday, May 2nd. Stephens set a $137.00 price target on Vulcan Materials and gave the company a “buy” rating in a research report on Friday, April 13th. Finally, Citigroup set a $150.00 price target on Vulcan Materials and gave the company a “buy” rating in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $141.13.
VMC stock opened at $132.55 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 43.60, a P/E/G ratio of 1.42 and a beta of 1.01. Vulcan Materials has a 1 year low of $108.17 and a 1 year high of $141.20.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, May 3rd. The construction company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.22. The company had revenue of $854.00 million for the quarter, compared to analyst estimates of $817.85 million. Vulcan Materials had a return on equity of 8.76% and a net margin of 15.40%. Vulcan Materials’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. equities analysts forecast that Vulcan Materials will post 4.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Thursday, May 24th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, May 23rd. Vulcan Materials’s dividend payout ratio is currently 36.84%.
Vulcan Materials Company Profile
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.
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