Clarius Group LLC reduced its holdings in Vulcan Materials (NYSE:VMC – Free Report) by 15.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,257 shares of the construction company’s stock after selling 231 shares during the period. Clarius Group LLC’s holdings in Vulcan Materials were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Vulcan Materials by 1.3% in the first quarter. Vanguard Group Inc. now owns 14,535,907 shares of the construction company’s stock worth $2,670,246,000 after buying an additional 184,543 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Vulcan Materials by 1.4% in the second quarter. BlackRock Inc. now owns 10,257,453 shares of the construction company’s stock worth $2,312,440,000 after buying an additional 139,264 shares in the last quarter. State Street Corp lifted its stake in shares of Vulcan Materials by 2.3% in the second quarter. State Street Corp now owns 5,385,006 shares of the construction company’s stock worth $1,213,996,000 after buying an additional 123,332 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Vulcan Materials by 0.8% in the second quarter. Clearbridge Investments LLC now owns 3,025,765 shares of the construction company’s stock worth $682,128,000 after buying an additional 22,933 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Vulcan Materials by 3.1% in the second quarter. Geode Capital Management LLC now owns 2,944,739 shares of the construction company’s stock worth $662,189,000 after buying an additional 89,322 shares in the last quarter. 90.10% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Raymond James cut their price objective on shares of Vulcan Materials from $240.00 to $225.00 and set an “outperform” rating for the company in a research report on Monday, October 30th. StockNews.com assumed coverage on shares of Vulcan Materials in a research report on Thursday, October 5th. They set a “hold” rating for the company. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $240.00 to $245.00 in a research report on Tuesday, December 12th. Stifel Nicolaus raised their price objective on shares of Vulcan Materials from $260.00 to $279.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, Seaport Res Ptn upgraded shares of Vulcan Materials from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $241.64.
Get Our Latest Research Report on VMC
Insiders Place Their Bets
In other news, SVP David P. Clement sold 764 shares of Vulcan Materials stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $212.00, for a total value of $161,968.00. Following the completion of the transaction, the senior vice president now owns 2,887 shares in the company, valued at approximately $612,044. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Vulcan Materials news, SVP David P. Clement sold 764 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $212.00, for a total value of $161,968.00. Following the sale, the senior vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $612,044. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Melissa H. Anderson sold 500 shares of Vulcan Materials stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $195.92, for a total transaction of $97,960.00. Following the sale, the director now directly owns 1,530 shares of the company’s stock, valued at $299,757.60. The disclosure for this sale can be found here. Insiders have sold a total of 8,228 shares of company stock worth $1,739,020 in the last quarter. 0.57% of the stock is owned by company insiders.
Vulcan Materials Trading Up 0.7 %
NYSE VMC opened at $227.01 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.47 and a current ratio of 3.13. The firm has a market cap of $30.16 billion, a price-to-earnings ratio of 36.79, a PEG ratio of 1.42 and a beta of 0.79. The firm has a 50 day simple moving average of $213.29 and a 200-day simple moving average of $214.85. Vulcan Materials has a one year low of $159.76 and a one year high of $229.75.
Vulcan Materials (NYSE:VMC – Get Free Report) last released its earnings results on Thursday, October 26th. The construction company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.10. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.17 billion. Vulcan Materials had a net margin of 10.74% and a return on equity of 12.35%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 EPS. Equities research analysts anticipate that Vulcan Materials will post 6.87 EPS for the current fiscal year.
Vulcan Materials Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.72 annualized dividend and a yield of 0.76%. Vulcan Materials’s payout ratio is 27.88%.
About Vulcan Materials
Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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
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