IFP Advisors Inc boosted its stake in shares of Vulcan Materials Company (NYSE:VMC) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,669 shares of the construction company’s stock after buying an additional 101 shares during the period. IFP Advisors Inc’s holdings in Vulcan Materials were worth $338,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the stock. Bank of Montreal Can increased its position in Vulcan Materials by 2.7% in the first quarter. Bank of Montreal Can now owns 36,622 shares of the construction company’s stock valued at $4,412,000 after buying an additional 954 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Vulcan Materials during the first quarter valued at approximately $328,000. DnB Asset Management AS increased its position in Vulcan Materials by 18.2% in the first quarter. DnB Asset Management AS now owns 14,317 shares of the construction company’s stock valued at $1,725,000 after buying an additional 2,200 shares during the last quarter. Boston Advisors LLC increased its position in Vulcan Materials by 40.7% in the first quarter. Boston Advisors LLC now owns 11,447 shares of the construction company’s stock valued at $1,379,000 after buying an additional 3,310 shares during the last quarter. Finally, Everence Capital Management Inc. increased its position in Vulcan Materials by 53.3% in the first quarter. Everence Capital Management Inc. now owns 5,294 shares of the construction company’s stock valued at $638,000 after buying an additional 1,840 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors.
Shares of Vulcan Materials Company (NYSE VMC) opened at 116.09 on Thursday. Vulcan Materials Company has a 12 month low of $105.71 and a 12 month high of $138.18. The firm has a market cap of $15.36 billion, a P/E ratio of 37.38 and a beta of 0.93. The company’s 50-day moving average price is $123.41 and its 200-day moving average price is $123.27.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by $0.32. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Vulcan Materials Company will post $3.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 23rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. Vulcan Materials’s dividend payout ratio is 32.36%.
VMC has been the topic of several research reports. Zacks Investment Research downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Citigroup Inc. reissued a “buy” rating on shares of Vulcan Materials in a research report on Thursday, May 11th. Argus increased their price target on Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. BidaskClub raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $154.00 price target on shares of Vulcan Materials in a research report on Monday, June 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $139.67.
In other news, insider Stanley G. Bass sold 4,413 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total transaction of $582,516.00. Following the completion of the transaction, the insider now directly owns 21,939 shares in the company, valued at approximately $2,895,948. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ejaz A. Khan sold 2,024 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $125.30, for a total transaction of $253,607.20. The disclosure for this sale can be found here. Insiders sold a total of 6,743 shares of company stock valued at $876,515 over the last quarter. 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).
Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials Company (NYSE:VMC).
Receive News & Ratings for Vulcan Materials Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials Company and related companies with MarketBeat.com's FREE daily email newsletter.
