Dynamic Capital Management Ltd lowered its stake in shares of Vulcan Materials Company (NYSE:VMC) by 92.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,493 shares of the construction company’s stock after selling 28,497 shares during the period. Dynamic Capital Management Ltd’s holdings in Vulcan Materials were worth $300,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in VMC. Howard Capital Management raised its stake in Vulcan Materials by 2.9% in the first quarter. Howard Capital Management now owns 71,227 shares of the construction company’s stock worth $8,581,000 after buying an additional 2,001 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in Vulcan Materials during the fourth quarter valued at $1,202,000. AQR Capital Management LLC increased its stake in shares of Vulcan Materials by 6.4% in the fourth quarter. AQR Capital Management LLC now owns 21,167 shares of the construction company’s stock valued at $2,649,000 after buying an additional 1,265 shares in the last quarter. Leavell Investment Management Inc. increased its stake in shares of Vulcan Materials by 1.0% in the first quarter. Leavell Investment Management Inc. now owns 76,841 shares of the construction company’s stock valued at $9,258,000 after buying an additional 750 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Vulcan Materials by 94.9% in the first quarter. Canada Pension Plan Investment Board now owns 375,977 shares of the construction company’s stock valued at $45,298,000 after buying an additional 183,100 shares in the last quarter. 86.01% of the stock is currently owned by hedge funds and other institutional investors.
Vulcan Materials Company (NYSE:VMC) traded down 0.95% on Tuesday, hitting $123.50. The stock had a trading volume of 438,308 shares. The company has a 50 day moving average of $128.18 and a 200 day moving average of $124.08. The company has a market capitalization of $16.32 billion, a PE ratio of 39.51 and a beta of 0.94. Vulcan Materials Company has a 12-month low of $105.71 and a 12-month high of $138.18.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, May 10th. The construction company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.12. Vulcan Materials had a net margin of 11.61% and a return on equity of 8.80%. The firm had revenue of $787 million during the quarter, compared to analyst estimates of $743.79 million. During the same quarter last year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts expect that Vulcan Materials Company will post $4.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Monday, August 21st. Vulcan Materials’s payout ratio is 32.15%.
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A number of research analysts have recently weighed in on the company. BidaskClub cut Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a report on Monday, June 19th. Argus boosted their price target on Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research raised Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Tuesday, June 20th. Finally, Citigroup Inc. assumed coverage on Vulcan Materials in a report on Wednesday, March 29th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Vulcan Materials currently has a consensus rating of “Hold” and an average price target of $138.60.
In related news, insider Stanley G. Bass sold 4,413 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $582,516.00. Following the transaction, the insider now owns 21,939 shares of the company’s stock, valued at approximately $2,895,948. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Ejaz A. Khan sold 2,024 shares of Vulcan Materials stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $125.30, for a total transaction of $253,607.20. The disclosure for this sale can be found here. Insiders sold 6,743 shares of company stock worth $876,515 in the last 90 days. Corporate insiders own 0.89% of the company’s stock.
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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