Versor Investments LP Trims Stock Position in Vulcan Materials Company $VMC

Versor Investments LP lessened its position in shares of Vulcan Materials Company (NYSE:VMCFree Report) by 8.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 952 shares of the construction company’s stock after selling 93 shares during the quarter. Versor Investments LP’s holdings in Vulcan Materials were worth $222,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its position in shares of Vulcan Materials by 21.0% during the 1st quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company’s stock valued at $222,000 after buying an additional 165 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Vulcan Materials by 42.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company’s stock valued at $3,686,000 after buying an additional 4,678 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Vulcan Materials by 24.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company’s stock valued at $215,000 after buying an additional 180 shares during the period. GAMMA Investing LLC increased its holdings in Vulcan Materials by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company’s stock valued at $398,000 after purchasing an additional 365 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Vulcan Materials by 5.6% in the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company’s stock valued at $249,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VMC. Stephens set a $315.00 target price on shares of Vulcan Materials and gave the company an “overweight” rating in a report on Thursday, May 1st. Raymond James Financial dropped their target price on shares of Vulcan Materials from $300.00 to $295.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. UBS Group upgraded shares of Vulcan Materials from a “neutral” rating to a “buy” rating and lifted their target price for the company from $280.00 to $318.00 in a report on Friday, May 16th. Citigroup reiterated a “buy” rating and issued a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Finally, Morgan Stanley dropped their target price on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $304.27.

Check Out Our Latest Stock Report on VMC

Vulcan Materials Stock Performance

NYSE:VMC opened at $292.2970 on Friday. The company has a fifty day simple moving average of $272.36 and a two-hundred day simple moving average of $259.19. The company has a market cap of $38.62 billion, a price-to-earnings ratio of 40.82, a price-to-earnings-growth ratio of 2.36 and a beta of 0.83. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $298.31.

Vulcan Materials (NYSE:VMCGet Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing the consensus estimate of $2.65 by ($0.20). The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.35 EPS. As a group, equities analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be paid a $0.49 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is 27.37%.

About Vulcan Materials

(Free Report)

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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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