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%.
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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).
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