Oak Ridge Investments LLC grew its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 34.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,115 shares of the construction company’s stock after purchasing an additional 5,665 shares during the period. Oak Ridge Investments LLC’s holdings in Vulcan Materials were worth $2,802,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC bought a new position in Vulcan Materials in the 1st quarter valued at approximately $105,000. NN Investment Partners Holdings N.V. lifted its stake in Vulcan Materials by 25.2% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock valued at $126,000 after purchasing an additional 200 shares during the last quarter. Korea Investment CORP lifted its stake in Vulcan Materials by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock valued at $156,000 after purchasing an additional 718 shares during the last quarter. Schroder Investment Management Group bought a new position in Vulcan Materials in the 2nd quarter valued at approximately $187,000. Finally, NEXT Financial Group Inc lifted its stake in Vulcan Materials by 405.7% in the 1st quarter. NEXT Financial Group Inc now owns 1,497 shares of the construction company’s stock valued at $181,000 after purchasing an additional 1,201 shares during the last quarter. 87.13% of the stock is owned by institutional investors.
In other Vulcan Materials news, insider Michael R. Mills sold 981 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total value of $115,316.55. Following the completion of the sale, the insider now directly owns 23,871 shares in the company, valued at approximately $2,806,036.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David B. Pasley sold 1,250 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $121.51, for a total value of $151,887.50. Following the completion of the sale, the insider now owns 2,857 shares of the company’s stock, valued at $347,154.07. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.
Shares of Vulcan Materials Company (VMC) opened at 115.35 on Tuesday. The company has a market cap of $15.26 billion, a price-to-earnings ratio of 37.14 and a beta of 0.94. The firm has a 50-day moving average of $117.42 and a 200 day moving average of $122.28. Vulcan Materials Company has a 12 month low of $105.71 and a 12 month high of $138.18.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.32). Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts expect that Vulcan Materials Company will post $3.40 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 23rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Monday, August 21st. Vulcan Materials’s payout ratio is 32.36%.
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Several equities analysts have issued reports on VMC shares. Argus raised their price target on shares of Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Zacks Investment Research upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Tuesday, June 20th. Royal Bank Of Canada restated a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a report on Monday, June 19th. BidaskClub raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Jefferies Group LLC set a $114.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $136.00.
Vulcan Materials 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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