Public Employees Retirement System of Ohio Cuts Stock Position in Vulcan Materials (NYSE:VMC)

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Public Employees Retirement System of Ohio lessened its holdings in Vulcan Materials (NYSE:VMC) by 18.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 62,816 shares of the construction company’s stock after selling 14,378 shares during the period. Public Employees Retirement System of Ohio’s holdings in Vulcan Materials were worth $9,500,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Corient Capital Partners LLC boosted its holdings in shares of Vulcan Materials by 4.7% during the 3rd quarter. Corient Capital Partners LLC now owns 1,716 shares of the construction company’s stock valued at $260,000 after purchasing an additional 77 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Vulcan Materials by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,757 shares of the construction company’s stock valued at $1,889,000 after purchasing an additional 82 shares during the last quarter. Veritable L.P. boosted its holdings in shares of Vulcan Materials by 3.8% during the 2nd quarter. Veritable L.P. now owns 2,261 shares of the construction company’s stock valued at $310,000 after purchasing an additional 82 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Vulcan Materials by 1.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,380 shares of the construction company’s stock valued at $740,000 after purchasing an additional 93 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its holdings in shares of Vulcan Materials by 46.4% during the 3rd quarter. NEXT Financial Group Inc now owns 303 shares of the construction company’s stock valued at $46,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 92.04% of the company’s stock.

Shares of NYSE:VMC opened at $141.87 on Monday. The company has a current ratio of 2.47, a quick ratio of 1.67 and a debt-to-equity ratio of 0.57. Vulcan Materials has a 12 month low of $90.04 and a 12 month high of $152.49. The company has a 50-day moving average price of $143.02 and a 200 day moving average price of $139.38. The company has a market cap of $19.03 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 1.61 and a beta of 0.91.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.02). The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.38 billion. Vulcan Materials had a return on equity of 11.55% and a net margin of 12.43%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 EPS. As a group, equities analysts forecast that Vulcan Materials will post 4.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Tuesday, November 19th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Monday, November 18th. Vulcan Materials’s payout ratio is currently 30.62%.

Several research analysts have commented on the stock. Barclays increased their price objective on shares of Vulcan Materials from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Stifel Nicolaus increased their price objective on shares of Vulcan Materials from $145.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. ValuEngine raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Vertical Research assumed coverage on shares of Vulcan Materials in a report on Tuesday, October 22nd. They set a “hold” rating and a $160.00 price objective for the company. Finally, Bank of America raised shares of Vulcan Materials from an “underperform” rating to a “neutral” rating and set a $157.00 price objective for the company in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. Vulcan Materials presently has an average rating of “Buy” and an average price target of $152.38.

In other Vulcan Materials news, insider Stanley G. Bass sold 2,406 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $141.94, for a total value of $341,507.64. Following the completion of the sale, the insider now owns 35,263 shares of the company’s stock, valued at $5,005,230.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Randy L. Pigg sold 643 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $140.64, for a total transaction of $90,431.52. The disclosure for this sale can be found here. In the last three months, insiders sold 5,233 shares of company stock valued at $759,386. 0.79% of the stock is owned by insiders.

Vulcan Materials Profile

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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