Seeyond decreased its position in shares of Vulcan Materials (NYSE:VMC) by 18.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,368 shares of the construction company’s stock after selling 957 shares during the quarter. Seeyond’s holdings in Vulcan Materials were worth $600,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NuWave Investment Management LLC grew its holdings in Vulcan Materials by 809.5% during the second quarter. NuWave Investment Management LLC now owns 191 shares of the construction company’s stock worth $26,000 after buying an additional 170 shares in the last quarter. Coastal Investment Advisors Inc. grew its holdings in Vulcan Materials by 1,550.0% during the second quarter. Coastal Investment Advisors Inc. now owns 198 shares of the construction company’s stock worth $27,000 after buying an additional 186 shares in the last quarter. FinTrust Capital Advisors LLC grew its holdings in Vulcan Materials by 136.9% during the second quarter. FinTrust Capital Advisors LLC now owns 244 shares of the construction company’s stock worth $33,000 after buying an additional 141 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in Vulcan Materials during the second quarter worth $71,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in Vulcan Materials during the first quarter worth $91,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.
In other news, insider Stanley G. Bass sold 6,207 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $135.80, for a total transaction of $842,910.60. Following the transaction, the insider now owns 53,813 shares of the company’s stock, valued at approximately $7,307,805.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stanley G. Bass sold 2,406 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $141.94, for a total value of $341,507.64. Following the transaction, the insider now directly owns 35,263 shares in the company, valued at approximately $5,005,230.22. The disclosure for this sale can be found here. 0.79% of the stock is owned by corporate insiders.
NYSE:VMC traded up $2.67 during trading on Friday, reaching $147.58. The company’s stock had a trading volume of 968,837 shares, compared to its average volume of 801,683. The firm has a market cap of $19.22 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 1.71 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 1.89. The firm has a 50 day moving average of $140.52 and a 200-day moving average of $129.50. Vulcan Materials has a 12 month low of $82.52 and a 12 month high of $148.15.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Vulcan Materials had a return on equity of 11.07% and a net margin of 12.12%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS. Equities research analysts forecast that Vulcan Materials will post 4.84 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Wednesday, August 21st were paid a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.24 dividend on an annualized basis and a yield of 0.84%. Vulcan Materials’s dividend payout ratio (DPR) is presently 30.62%.
VMC has been the subject of several recent research reports. Argus set a $152.00 price target on Vulcan Materials and gave the stock a “buy” rating in a report on Friday, July 26th. ValuEngine downgraded Vulcan Materials from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on Vulcan Materials from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. DA Davidson upped their price target on Vulcan Materials to $150.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. They noted that the move was a valuation call. Finally, SunTrust Banks upped their price target on Vulcan Materials to $145.00 and gave the stock a “buy” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $138.25.
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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