Terra Nova Asset Management LLC cut its stake in shares of Vulcan Materials Company (NYSE:VMC) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,651 shares of the construction company’s stock after selling 169 shares during the period. Vulcan Materials makes up 2.1% of Terra Nova Asset Management LLC’s holdings, making the stock its 15th largest position. Terra Nova Asset Management LLC’s holdings in Vulcan Materials were worth $1,096,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. raised its position in shares of Vulcan Materials by 0.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,256 shares of the construction company’s stock valued at $392,000 after buying an additional 14 shares during the period. Gardner Russo & Gardner LLC raised its position in shares of Vulcan Materials by 1.0% in the first quarter. Gardner Russo & Gardner LLC now owns 4,950 shares of the construction company’s stock valued at $596,000 after buying an additional 50 shares during the period. Bahl & Gaynor Inc. raised its position in shares of Vulcan Materials by 2.0% in the first quarter. Bahl & Gaynor Inc. now owns 3,118 shares of the construction company’s stock valued at $376,000 after buying an additional 60 shares during the period. Pacer Advisors Inc. raised its position in shares of Vulcan Materials by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,451 shares of the construction company’s stock valued at $295,000 after buying an additional 77 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Vulcan Materials by 2.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,501 shares of the construction company’s stock valued at $394,000 after buying an additional 87 shares during the period. 86.01% of the stock is currently owned by institutional investors and hedge funds.
Vulcan Materials Company (VMC) traded up 0.71% during trading on Friday, reaching $126.19. The company had a trading volume of 608,851 shares. The company has a market capitalization of $16.68 billion, a P/E ratio of 40.37 and a beta of 0.94. The firm’s 50 day moving average is $127.94 and its 200-day moving average is $124.16. 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 results on Wednesday, May 10th. The construction company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. Vulcan Materials had a return on equity of 8.80% and a net margin of 11.61%. The firm had revenue of $787 million during the quarter, compared to the consensus estimate of $743.79 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Monday, August 21st. Vulcan Materials’s dividend payout ratio (DPR) is presently 32.15%.
Several equities analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a research note on Monday, June 19th. 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 note on Tuesday, June 20th. Citigroup Inc. reaffirmed a “buy” rating on shares of Vulcan Materials in a research note on Thursday, May 11th. BidaskClub lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Argus upped their price target on Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $138.60.
In other Vulcan Materials news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the business’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 $40,392.00. Following the completion of the sale, the general counsel now owns 5,292 shares of the company’s stock, valued at $698,544. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stanley G. Bass sold 4,413 shares of the business’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 sale, the insider now directly owns 21,939 shares of the company’s stock, valued at approximately $2,895,948. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,743 shares of company stock valued at $876,515. 0.89% of the stock is owned by company insiders.
Vulcan Materials Company Profile
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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