DAVENPORT & Co LLC cut its holdings in Vulcan Materials (NYSE:VMC) by 92.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,621 shares of the construction company’s stock after selling 73,357 shares during the quarter. DAVENPORT & Co LLC’s holdings in Vulcan Materials were worth $651,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Valeo Financial Advisors LLC increased its stake in shares of Vulcan Materials by 73.9% during the second quarter. Valeo Financial Advisors LLC now owns 306 shares of the construction company’s stock worth $35,000 after acquiring an additional 130 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Vulcan Materials by 62.0% during the first quarter. Rockefeller Capital Management L.P. now owns 371 shares of the construction company’s stock worth $40,000 after acquiring an additional 142 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Vulcan Materials during the first quarter worth about $41,000. CWM LLC increased its stake in shares of Vulcan Materials by 61.6% during the first quarter. CWM LLC now owns 475 shares of the construction company’s stock worth $51,000 after acquiring an additional 181 shares during the period. Finally, Bainco International Investors acquired a new position in shares of Vulcan Materials during the first quarter worth about $54,000. Institutional investors own 89.77% of the company’s stock.
Shares of VMC opened at $117.42 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 2.68. The company has a market capitalization of $15.55 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 2.83 and a beta of 0.81. The company’s 50 day simple moving average is $120.33 and its 200 day simple moving average is $118.52. Vulcan Materials has a 1 year low of $65.56 and a 1 year high of $152.49.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, May 6th. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. Vulcan Materials had a net margin of 12.34% and a return on equity of 11.38%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Equities analysts expect that Vulcan Materials will post 4.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Wednesday, August 19th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, August 18th. Vulcan Materials’s payout ratio is 28.94%.
A number of brokerages have recently issued reports on VMC. BNP Paribas upgraded shares of Vulcan Materials from an “underperform” rating to a “neutral” rating and set a $122.00 price target on the stock in a research note on Tuesday, June 16th. Cfra lowered shares of Vulcan Materials from a “buy” rating to a “hold” rating and lowered their target price for the stock from $151.00 to $120.00 in a research report on Wednesday, May 6th. Nomura Securities upped their target price on shares of Vulcan Materials from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Barclays lowered their target price on shares of Vulcan Materials from $160.00 to $122.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Vulcan Materials from $160.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $134.00.
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.
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