State of Wisconsin Investment Board increased its position in shares of Vulcan Materials Company (NYSE:VMC) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,785 shares of the construction company’s stock after purchasing an additional 4,426 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.08% of Vulcan Materials worth $13,130,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Sun Life Financial INC grew its holdings in Vulcan Materials by 10,666.7% during the 2nd quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after acquiring an additional 960 shares during the last quarter. NN Investment Partners Holdings N.V. grew its holdings in Vulcan Materials by 25.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock worth $126,000 after acquiring an additional 200 shares during the last quarter. Korea Investment CORP grew its holdings in Vulcan Materials by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock worth $156,000 after acquiring an additional 718 shares during the last quarter. Schroder Investment Management Group bought a new stake in Vulcan Materials during the 2nd quarter worth about $187,000. Finally, Wetherby Asset Management Inc. bought a new stake in Vulcan Materials during the 2nd quarter worth about $203,000. Institutional investors and hedge funds own 87.40% of the company’s stock.
Vulcan Materials Company (NYSE:VMC) opened at $123.92 on Wednesday. The stock has a market cap of $16,401.96, a PE ratio of 41.75, a PEG ratio of 2.42 and a beta of 0.86. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34. Vulcan Materials Company has a one year low of $108.95 and a one year high of $136.82.
Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.36). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $1.01 EPS. sell-side analysts expect that Vulcan Materials Company will post 3.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Tuesday, November 21st. Vulcan Materials’s dividend payout ratio (DPR) is presently 34.97%.
A number of brokerages have commented on VMC. Jefferies Group LLC increased their price objective on shares of Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Bank of America Corporation decreased their price objective on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. Royal Bank Of Canada reissued a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a report on Tuesday, October 10th. Citigroup Inc. reissued a “buy” rating and set a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Finally, Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $140.00.
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In related news, insider Michael R. Mills sold 981 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total transaction of $115,316.55. Following the transaction, the insider now owns 23,871 shares of the company’s stock, valued at approximately $2,806,036.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David B. Pasley sold 1,250 shares of Vulcan Materials stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $121.51, for a total transaction of $151,887.50. Following the transaction, the insider now directly owns 2,857 shares in the company, valued at approximately $347,154.07. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.
Vulcan Materials Profile
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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