Mitsubishi UFJ Securities Holdings Co. Ltd. Acquires Shares of 770 Vulcan Materials (NYSE:VMC)

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Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Vulcan Materials (NYSE:VMC) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 770 shares of the construction company’s stock, valued at approximately $91,000.

A number of other hedge funds also recently modified their holdings of VMC. Vanguard Group Inc increased its stake in Vulcan Materials by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 13,964,379 shares of the construction company’s stock valued at $1,552,839,000 after buying an additional 46,860 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Vulcan Materials by 44.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,047 shares of the construction company’s stock valued at $400,000 after buying an additional 1,244 shares during the last quarter. TD Asset Management Inc. increased its stake in Vulcan Materials by 2.2% in the 4th quarter. TD Asset Management Inc. now owns 38,735 shares of the construction company’s stock valued at $3,827,000 after buying an additional 817 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Vulcan Materials by 195.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 35,190 shares of the construction company’s stock valued at $3,477,000 after buying an additional 23,265 shares during the last quarter. Finally, ETF Managers Group LLC increased its stake in Vulcan Materials by 15.5% in the 4th quarter. ETF Managers Group LLC now owns 1,137 shares of the construction company’s stock valued at $112,000 after buying an additional 153 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors.

Shares of VMC stock traded down $0.61 during midday trading on Wednesday, hitting $130.36. 17,053 shares of the company were exchanged, compared to its average volume of 1,159,088. The company has a market capitalization of $17.86 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 1.59 and a beta of 0.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 1.64. Vulcan Materials has a 52 week low of $82.52 and a 52 week high of $136.45.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.33 by $0.13. The business had revenue of $996.50 million during the quarter, compared to the consensus estimate of $915.68 million. Vulcan Materials had a net margin of 11.63% and a return on equity of 10.60%. Vulcan Materials’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. Sell-side analysts forecast that Vulcan Materials will post 4.82 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Thursday, May 23rd. Vulcan Materials’s payout ratio is 30.62%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research note on Thursday, May 9th. Barclays restated a “buy” rating and set a $137.00 price objective on shares of Vulcan Materials in a research note on Sunday, May 5th. JPMorgan Chase & Co. assumed coverage on shares of Vulcan Materials in a research note on Thursday, March 21st. They set an “overweight” rating and a $135.00 price objective on the stock. DA Davidson boosted their price objective on shares of Vulcan Materials to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. They noted that the move was a valuation call. Finally, Jefferies Financial Group boosted their price objective on shares of Vulcan Materials to $133.00 and gave the stock a “buy” rating in a research note on Friday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $126.62.

In other Vulcan Materials news, VP Randy L. Pigg sold 1,754 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $134.96, for a total value of $236,719.84. Following the completion of the sale, the vice president now owns 3,034 shares of the company’s stock, valued at approximately $409,468.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael R. Mills sold 1,326 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $136.05, for a total transaction of $180,402.30. Following the completion of the sale, the insider now directly owns 51,713 shares of the company’s stock, valued at approximately $7,035,553.65. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

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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.

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

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