Andra AP fonden lifted its holdings in Vulcan Materials (NYSE:VMC) by 62.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,500 shares of the construction company’s stock after acquiring an additional 7,100 shares during the quarter. Andra AP fonden’s holdings in Vulcan Materials were worth $2,798,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Vulcan Materials by 1.3% in the second quarter. Vanguard Group Inc. now owns 14,438,531 shares of the construction company’s stock worth $1,982,555,000 after acquiring an additional 179,411 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Vulcan Materials by 7.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,342,365 shares of the construction company’s stock worth $807,980,000 after acquiring an additional 359,514 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Vulcan Materials by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 2,676,556 shares of the construction company’s stock worth $367,519,000 after acquiring an additional 97,684 shares during the period. Wells Fargo & Company MN increased its stake in shares of Vulcan Materials by 2.9% in the second quarter. Wells Fargo & Company MN now owns 1,948,358 shares of the construction company’s stock worth $267,530,000 after acquiring an additional 54,487 shares during the period. Finally, DF Dent & Co. Inc. increased its stake in shares of Vulcan Materials by 67.5% in the second quarter. DF Dent & Co. Inc. now owns 1,100,540 shares of the construction company’s stock worth $151,115,000 after acquiring an additional 443,451 shares during the period. Hedge funds and other institutional investors own 92.04% of the company’s stock.
In other news, insider Fehlberg Barry 1,000,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. Also, insider Stanley G. Bass sold 2,406 shares of Vulcan Materials stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $141.94, for a total transaction of $341,507.64. Following the completion of the sale, the insider now owns 35,263 shares in the company, valued at approximately $5,005,230.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,233 shares of company stock worth $759,386. Company insiders own 0.79% of the company’s stock.
Several analysts recently commented on VMC shares. Vertical Research started coverage on shares of Vulcan Materials in a research report on Tuesday, October 22nd. They set a “hold” rating and a $160.00 price target on the stock. Bank of America upgraded shares of Vulcan Materials from an “underperform” rating to a “neutral” rating and set a $157.00 price target on the stock in a research report on Tuesday, October 15th. Goldman Sachs Group lowered shares of Vulcan Materials from a “conviction-buy” rating to a “buy” rating in a research report on Friday, November 8th. BNP Paribas started coverage on shares of Vulcan Materials in a research report on Wednesday, October 9th. They set an “underperform” rating on the stock. Finally, Stifel Nicolaus raised their price target on shares of Vulcan Materials from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. Vulcan Materials has a consensus rating of “Buy” and an average price target of $152.38.
Shares of NYSE VMC opened at $141.58 on Tuesday. The company’s 50-day simple moving average is $142.62 and its 200-day simple moving average is $139.58. Vulcan Materials has a 52-week low of $90.04 and a 52-week high of $152.49. The firm has a market cap of $18.78 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. The company has a quick ratio of 1.67, a current ratio of 2.47 and a debt-to-equity ratio of 0.57.
Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, November 6th. The construction company reported $1.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.02). Vulcan Materials had a net margin of 12.43% and a return on equity of 11.55%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $1.40 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts anticipate that Vulcan Materials will post 4.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, November 19th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.88%. Vulcan Materials’s dividend payout ratio (DPR) is 30.62%.
Vulcan Materials 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.
Further Reading: Market Capitalization
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