Quantitative Investment Management LLC bought a new stake in Vulcan Materials (NYSE:VMC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,400 shares of the construction company’s stock, valued at approximately $2,875,000.
Several other large investors also recently added to or reduced their stakes in VMC. BlackRock Inc. increased its holdings in shares of Vulcan Materials by 18.4% in the fourth quarter. BlackRock Inc. now owns 10,394,204 shares of the construction company’s stock valued at $1,334,304,000 after purchasing an additional 1,614,350 shares during the period. Fred Alger Management Inc. increased its holdings in shares of Vulcan Materials by 87.8% in the fourth quarter. Fred Alger Management Inc. now owns 1,639,575 shares of the construction company’s stock valued at $210,472,000 after purchasing an additional 766,462 shares during the period. Third Point LLC increased its holdings in shares of Vulcan Materials by 46.9% in the third quarter. Third Point LLC now owns 2,350,000 shares of the construction company’s stock valued at $281,060,000 after purchasing an additional 750,000 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of Vulcan Materials by 116.5% in the third quarter. Point72 Asset Management L.P. now owns 1,038,752 shares of the construction company’s stock valued at $124,235,000 after purchasing an additional 558,900 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Vulcan Materials by 17.5% in the third quarter. Wells Fargo & Company MN now owns 2,385,223 shares of the construction company’s stock valued at $285,272,000 after purchasing an additional 354,498 shares during the period. 92.29% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Michael R. Mills sold 4,659 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the completion of the sale, the insider now directly owns 45,351 shares of the company’s stock, valued at $6,043,020.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael R. Mills sold 3,738 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total transaction of $502,985.28. Following the completion of the sale, the insider now directly owns 44,581 shares of the company’s stock, valued at $5,998,819.36. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.
Vulcan Materials (NYSE VMC) opened at $117.12 on Friday. The company has a current ratio of 2.66, a quick ratio of 1.80 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $15,954.86, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.25 and a beta of 0.95. Vulcan Materials has a twelve month low of $108.95 and a twelve month high of $141.20.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Friday, February 16th. The construction company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. The firm had revenue of $977.50 million for the quarter, compared to analysts’ expectations of $929.36 million. Vulcan Materials had a net margin of 15.45% and a return on equity of 8.68%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. analysts expect that Vulcan Materials will post 4.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a $0.28 dividend. The ex-dividend date was Thursday, February 22nd. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.96%. Vulcan Materials’s dividend payout ratio is presently 25.11%.
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About Vulcan Materials
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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