Sumitomo Mitsui Trust Holdings Inc. decreased its position in Vulcan Materials Co. (NYSE:VMC) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 401,337 shares of the company’s stock after selling 5,915 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Vulcan Materials were worth $48,305,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Caledonia Private Investments Pty Ltd raised its stake in Vulcan Materials by 19.3% in the first quarter. Caledonia Private Investments Pty Ltd now owns 753,253 shares of the company’s stock worth $79,521,000 after buying an additional 121,944 shares in the last quarter. New York State Teachers Retirement System raised its stake in Vulcan Materials by 0.8% in the second quarter. New York State Teachers Retirement System now owns 230,609 shares of the company’s stock worth $27,756,000 after buying an additional 1,901 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Vulcan Materials by 51.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 296,158 shares of the company’s stock worth $31,265,000 after buying an additional 100,300 shares in the last quarter. Geode Capital Management LLC raised its stake in Vulcan Materials by 2.1% in the first quarter. Geode Capital Management LLC now owns 1,078,909 shares of the company’s stock worth $113,670,000 after buying an additional 22,325 shares in the last quarter. Finally, Simmons Bank purchased a new stake in Vulcan Materials during the first quarter worth $340,000. Institutional investors own 86.65% of the company’s stock.
Shares of Vulcan Materials Co. (NYSE:VMC) traded up 2.57% during trading on Monday, hitting $112.59. 1,841,307 shares of the company’s stock were exchanged. The stock has a market cap of $14.98 billion, a P/E ratio of 42.96 and a beta of 1.19. Vulcan Materials Co. has a one year low of $78.83 and a one year high of $127.20. The firm has a 50-day moving average price of $111.26 and a 200-day moving average price of $114.88.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.00 by $0.10. The firm had revenue of $956.80 million for the quarter, compared to the consensus estimate of $1.01 billion. Vulcan Materials had a net margin of 9.85% and a return on equity of 8.74%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities research analysts expect that Vulcan Materials Co. will post $3.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Wednesday, November 23rd will be given a $0.20 dividend. The ex-dividend date is Monday, November 21st. This represents a $0.80 annualized dividend and a yield of 0.71%. Vulcan Materials’s dividend payout ratio (DPR) is 30.65%.
VMC has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Royal Bank Of Canada raised their price objective on shares of Vulcan Materials from $127.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, July 12th. DA Davidson restated a “hold” rating and issued a $120.00 price objective on shares of Vulcan Materials in a report on Sunday, October 9th. Jefferies Group restated a “hold” rating on shares of Vulcan Materials in a report on Wednesday, August 31st. Finally, Argus restated a “buy” rating and issued a $129.00 price objective on shares of Vulcan Materials in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Vulcan Materials presently has a consensus rating of “Buy” and a consensus price target of $130.89.
In other Vulcan Materials news, insider David J. Grayson sold 2,025 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $118.77, for a total value of $240,509.25. Following the completion of the sale, the insider now directly owns 18,637 shares of the company’s stock, valued at approximately $2,213,516.49. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Stanley G. Bass sold 829 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $121.07, for a total transaction of $100,367.03. Following the completion of the sale, the insider now directly owns 15,185 shares of the company’s stock, valued at $1,838,447.95. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.
About Vulcan Materials
Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company has four segments organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Company operates approximately 344 aggregates facilities.
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