Alliancebernstein L.P. Raises Stake in Vulcan Materials Company (VMC)

Alliancebernstein L.P. boosted its position in Vulcan Materials Company (NYSE:VMC) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 241,874 shares of the construction company’s stock after buying an additional 8,483 shares during the period. Alliancebernstein L.P.’s holdings in Vulcan Materials Company were worth $29,141,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Scopus Asset Management L.P. purchased a new position in Vulcan Materials Company during the third quarter worth approximately $34,608,000. Xact Kapitalforvaltning AB purchased a new position in Vulcan Materials Company during the third quarter worth approximately $1,635,000. ETRADE Capital Management LLC increased its position in Vulcan Materials Company by 51.2% in the third quarter. ETRADE Capital Management LLC now owns 6,986 shares of the construction company’s stock worth $795,000 after buying an additional 2,367 shares during the period. Russell Investments Group Ltd. purchased a new position in Vulcan Materials Company during the fourth quarter worth approximately $4,672,000. Finally, Calamos Wealth Management LLC increased its position in Vulcan Materials Company by 32.7% in the fourth quarter. Calamos Wealth Management LLC now owns 13,348 shares of the construction company’s stock worth $1,671,000 after buying an additional 3,291 shares during the period. Institutional investors own 87.90% of the company’s stock.

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

Shares of Vulcan Materials Company (VMC) traded up 1.55% during midday trading on Friday, hitting $130.33. The company had a trading volume of 1,050,547 shares. The firm has a market cap of $17.22 billion, a price-to-earnings ratio of 41.69 and a beta of 1.19. Vulcan Materials Company has a one year low of $105.71 and a one year high of $138.18. The company’s 50 day moving average is $126.09 and its 200 day moving average is $123.83.

Vulcan Materials Company (NYSE:VMC) last announced its quarterly earnings results on Wednesday, May 10th. The construction company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. Vulcan Materials Company had a return on equity of 8.61% and a net margin of 11.00%. The company had revenue of $787 million during the quarter, compared to analysts’ expectations of $743.79 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts forecast that Vulcan Materials Company will post $4.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Wednesday, May 24th were given a $0.25 dividend. The ex-dividend date was Monday, May 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.77%. Vulcan Materials Company’s dividend payout ratio is currently 27.40%.

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VMC has been the topic of a number of research reports. Zacks Investment Research upgraded Vulcan Materials Company from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. Citigroup Inc began coverage on Vulcan Materials Company in a report on Wednesday, March 29th. They set a “buy” rating on the stock. Finally, Argus reiterated a “buy” rating and set a $145.00 target price (up from $140.00) on shares of Vulcan Materials Company in a report on Friday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $135.60.

In other Vulcan Materials Company news, VP Ejaz A. Khan sold 2,024 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $125.30, for a total value of $253,607.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.92% of the stock is owned by insiders.

About Vulcan Materials Company

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VMC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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