Oregon Public Employees Retirement Fund decreased its stake in Vulcan Materials Company (NYSE:VMC) by 57.8% during the second quarter, Holdings Channel reports. The firm owned 13,805 shares of the construction company’s stock after selling 18,915 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Vulcan Materials were worth $1,749,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC bought a new stake in Vulcan Materials during the first quarter valued at $105,000. NN Investment Partners Holdings N.V. increased its stake in Vulcan Materials by 25.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock valued at $126,000 after buying an additional 200 shares in the last quarter. Alexandria Capital LLC increased its stake in Vulcan Materials by 32.3% in the first quarter. Alexandria Capital LLC now owns 1,230 shares of the construction company’s stock valued at $148,000 after buying an additional 300 shares in the last quarter. NEXT Financial Group Inc increased its stake in Vulcan Materials by 405.7% in the first quarter. NEXT Financial Group Inc now owns 1,497 shares of the construction company’s stock valued at $181,000 after buying an additional 1,201 shares in the last quarter. Finally, Creative Planning increased its stake in Vulcan Materials by 16.2% in the second quarter. Creative Planning now owns 1,765 shares of the construction company’s stock valued at $224,000 after buying an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.
Shares of Vulcan Materials Company (NYSE VMC) opened at 124.00 on Friday. The stock has a market capitalization of $16.39 billion, a P/E ratio of 39.67 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. The stock has a 50 day moving average of $127.78 and a 200 day moving average of $124.18.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, May 10th. The construction company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.12. The business had revenue of $787 million during the quarter, compared to the consensus estimate of $743.79 million. Vulcan Materials had a return on equity of 8.80% and a net margin of 11.61%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 EPS. Equities research analysts anticipate that Vulcan Materials Company will post $4.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Monday, August 21st. Vulcan Materials’s dividend payout ratio (DPR) is presently 32.15%.
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Several analysts have weighed in on VMC shares. Argus boosted 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. Citigroup Inc. reissued a “buy” rating on shares of Vulcan Materials in a research report on Thursday, May 11th. Zacks Investment Research downgraded shares of Vulcan Materials from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank Of Canada reissued a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a research report on Monday, June 19th. Finally, BidaskClub raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $138.60.
In other news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of Vulcan Materials stock in a transaction on 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 transaction, the general counsel now owns 5,292 shares of the company’s stock, valued at approximately $698,544. The transaction was disclosed in a 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 on Tuesday, June 6th. The stock was sold at an average price of $125.30, for a total value of $253,607.20. The disclosure for this sale can be found here. Insiders have sold a total of 6,743 shares of company stock valued at $876,515 in the last ninety 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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