Norinchukin Bank The increased its holdings in Vulcan Materials Company (NYSE:VMC) by 7.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,846 shares of the construction company’s stock after purchasing an additional 675 shares during the quarter. Norinchukin Bank The’s holdings in Vulcan Materials were worth $1,178,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in VMC. New England Research & Management Inc. acquired a new stake in shares of Vulcan Materials during the third quarter valued at approximately $287,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Vulcan Materials by 2.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 418,466 shares of the construction company’s stock valued at $53,012,000 after acquiring an additional 11,647 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Vulcan Materials by 7.5% during the second quarter. Principal Financial Group Inc. now owns 554,208 shares of the construction company’s stock valued at $70,207,000 after acquiring an additional 38,479 shares during the period. Geneva Advisors LLC acquired a new stake in shares of Vulcan Materials during the second quarter valued at approximately $647,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Vulcan Materials by 1.2% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 264,909 shares of the construction company’s stock valued at $33,559,000 after acquiring an additional 3,265 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.
In other news, insider Michael R. Mills sold 981 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total value of $115,316.55. Following the completion of the transaction, the insider now owns 23,871 shares in the company, valued at approximately $2,806,036.05. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David B. Pasley sold 1,250 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $121.51, for a total transaction of $151,887.50. Following the completion of the transaction, the insider now owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.
VMC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Jefferies Group LLC upped their price objective on shares of Vulcan Materials from $122.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Citigroup Inc. reiterated a “buy” rating and issued a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. BidaskClub downgraded shares of Vulcan Materials from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, Bank of America Corporation decreased their target price on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $140.00.
Vulcan Materials Company (NYSE:VMC) traded down $0.53 during trading hours on Monday, reaching $122.32. 287,500 shares of the company traded hands, compared to its average volume of 1,256,068. The firm has a market cap of $16,181.10, a PE ratio of 41.19, a P/E/G ratio of 2.39 and a beta of 0.86. Vulcan Materials Company has a 1 year low of $108.95 and a 1 year high of $136.82. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60.
Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.36). Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company earned $1.01 earnings per share. Vulcan Materials’s revenue for the quarter was up 8.6% compared to the same quarter last year. research analysts forecast that Vulcan Materials Company will post 3.04 EPS for the current fiscal year.
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, November 21st. Vulcan Materials’s dividend payout ratio is 34.97%.
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Vulcan Materials Company 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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