Fiduciary Financial Services of The Southwest Inc. TX Invests $224,000 in Vulcan Materials Company (VMC)

Fiduciary Financial Services of The Southwest Inc. TX acquired a new position in Vulcan Materials Company (NYSE:VMC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,767 shares of the construction company’s stock, valued at approximately $224,000.

Several other large investors have also made changes to their positions in VMC. Teachers Advisors LLC raised its stake in Vulcan Materials by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 148,379 shares of the construction company’s stock worth $18,570,000 after buying an additional 7,178 shares in the last quarter. Gulf International Bank UK Ltd raised its position in shares of Vulcan Materials by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 41,338 shares of the construction company’s stock valued at $4,980,000 after buying an additional 500 shares during the period. National Pension Service raised its position in shares of Vulcan Materials by 8.4% in the first quarter. National Pension Service now owns 115,921 shares of the construction company’s stock valued at $13,643,000 after buying an additional 9,003 shares during the period. Bank of Montreal Can raised its position in shares of Vulcan Materials by 2.7% in the first quarter. Bank of Montreal Can now owns 36,622 shares of the construction company’s stock valued at $4,412,000 after buying an additional 954 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in shares of Vulcan Materials during the first quarter valued at approximately $328,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Shares of Vulcan Materials Company (VMC) opened at 115.17 on Tuesday. Vulcan Materials Company has a 52-week low of $105.71 and a 52-week high of $138.18. The company has a market capitalization of $15.23 billion, a P/E ratio of 37.08 and a beta of 0.93. The stock’s 50 day moving average price is $124.33 and its 200 day moving average price is $123.45.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by $0.32. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business earned $0.90 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that Vulcan Materials Company will post $3.46 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Monday, August 21st. Vulcan Materials’s dividend payout ratio is currently 32.36%.

COPYRIGHT VIOLATION NOTICE: “Fiduciary Financial Services of The Southwest Inc. TX Invests $224,000 in Vulcan Materials Company (VMC)” was first posted by BBNS and is the property of of BBNS. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://baseballnewssource.com/markets/fiduciary-financial-services-of-the-southwest-inc-tx-invests-224000-in-vulcan-materials-company-vmc/1473655.html.

A number of research firms have recently weighed in on VMC. Argus upped their target price on shares of Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. BidaskClub downgraded shares of Vulcan Materials from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Stephens raised shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $140.00 to $145.00 in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Vulcan Materials in a report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Vulcan Materials presently has an average rating of “Hold” and a consensus target price of $139.67.

In other news, insider Stanley G. Bass sold 4,413 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total transaction of $582,516.00. Following the sale, the insider now owns 21,939 shares of the company’s stock, valued at approximately $2,895,948. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $40,392.00. Following the sale, the general counsel now directly owns 5,292 shares in the company, valued at approximately $698,544. The disclosure for this sale can be found here. Insiders sold a total of 6,743 shares of company stock worth $876,515 in the last ninety days. 0.89% of the stock is owned by corporate insiders.

About Vulcan Materials

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).

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials Company (NYSE:VMC).

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

Receive News & Ratings for Vulcan Materials Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials Company and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.