Terra Nova Asset Management LLC reduced its position in shares of Vulcan Materials Company (NYSE:VMC) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,651 shares of the construction company’s stock after selling 169 shares during the period. Vulcan Materials comprises about 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 at the end of the most recent reporting period.
Several other large investors 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 valued at $8,581,000 after buying an additional 2,001 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Vulcan Materials by 29.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,459 shares of the construction company’s stock valued at $296,000 after buying an additional 559 shares in the last quarter. Kentucky Retirement Systems purchased a new position in shares of Vulcan Materials during the fourth quarter valued at about $1,202,000. AQR Capital Management LLC increased its position 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. Finally, Leavell Investment Management Inc. increased its position 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. 86.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Vulcan Materials Company (NYSE VMC) traded up 2.73% during midday trading on Wednesday, hitting $122.46. 3,622,439 shares of the stock traded hands. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 39.17 and a beta of 0.93. The company’s 50 day moving average price is $127.26 and its 200-day moving average price 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 released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by $0.35. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a return on equity of 8.80% and a net margin of 11.61%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. On average, equities research analysts expect that Vulcan Materials Company will post $4.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Monday, August 21st. Vulcan Materials’s payout ratio is 32.15%.
Several research analysts have recently weighed in on VMC shares. Zacks Investment Research cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Friday, April 21st. Citigroup Inc. reiterated a “buy” rating on shares of Vulcan Materials in a research report on Thursday, May 11th. Argus upped their price target 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. Royal Bank Of Canada reiterated a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a research report on Monday, June 19th. Finally, BidaskClub upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $138.60.
In other news, insider Stanley G. Bass sold 4,413 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $582,516.00. Following the completion of the transaction, the insider now owns 21,939 shares in the company, valued at $2,895,948. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Ejaz A. Khan sold 2,024 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were 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 sold 6,743 shares of company stock valued at $876,515 in the last quarter. 0.89% of the stock is currently 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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