Gulf International Bank UK Ltd Lowers Position in Vulcan Materials (VMC)

Gulf International Bank UK Ltd trimmed its holdings in shares of Vulcan Materials (NYSE:VMC) by 1.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,873 shares of the construction company’s stock after selling 465 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Vulcan Materials were worth $4,666,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of VMC. BlackRock Inc. increased its stake in Vulcan Materials by 18.4% during the 4th quarter. BlackRock Inc. now owns 10,394,204 shares of the construction company’s stock worth $1,334,304,000 after purchasing an additional 1,614,350 shares in the last quarter. Fred Alger Management Inc. increased its stake in Vulcan Materials by 87.8% during the 4th quarter. Fred Alger Management Inc. now owns 1,639,575 shares of the construction company’s stock worth $210,472,000 after purchasing an additional 766,462 shares in the last quarter. Millennium Management LLC increased its stake in Vulcan Materials by 256.9% during the 4th quarter. Millennium Management LLC now owns 1,013,853 shares of the construction company’s stock worth $130,148,000 after purchasing an additional 729,757 shares in the last quarter. Clearbridge Investments LLC increased its stake in Vulcan Materials by 10,537.5% during the 4th quarter. Clearbridge Investments LLC now owns 328,062 shares of the construction company’s stock worth $42,113,000 after purchasing an additional 324,978 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Vulcan Materials by 13.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,740,609 shares of the construction company’s stock worth $312,895,000 after purchasing an additional 315,559 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

In other Vulcan Materials news, VP John R. Mcpherson sold 21,446 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $125.88, for a total transaction of $2,699,622.48. Following the completion of the transaction, the vice president now owns 102,610 shares of the company’s stock, valued at approximately $12,916,546.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David P. Clement sold 1,828 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $124.00, for a total value of $226,672.00. Following the transaction, the insider now directly owns 5,340 shares of the company’s stock, valued at approximately $662,160. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Vulcan Materials opened at $129.20 on Monday, MarketBeat.com reports. Vulcan Materials has a twelve month low of $108.17 and a twelve month high of $141.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.73 and a quick ratio of 1.05. The company has a market cap of $17.08 billion, a price-to-earnings ratio of 42.50, a PEG ratio of 1.38 and a beta of 0.99.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, May 3rd. The construction company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.22. Vulcan Materials had a return on equity of 8.76% and a net margin of 15.40%. The firm had revenue of $854.00 million during the quarter, compared to the consensus estimate of $817.85 million. During the same quarter in the prior year, the firm posted $0.34 EPS. The business’s revenue was up 8.5% on a year-over-year basis. sell-side analysts forecast that Vulcan Materials will post 4.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Thursday, May 24th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Wednesday, May 23rd. Vulcan Materials’s dividend payout ratio (DPR) is currently 36.84%.

A number of analysts recently issued reports on VMC shares. Zacks Investment Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Sunday, January 21st. Citigroup increased their target price on Vulcan Materials from $144.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Bank of America increased their target price on Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Stephens set a $137.00 target price on Vulcan Materials and gave the stock a “buy” rating in a research note on Friday, April 13th. Finally, Jefferies Group reissued a “hold” rating and set a $129.00 target price on shares of Vulcan Materials in a research note on Monday, April 23rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $141.56.

About Vulcan Materials

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.

Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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