Guggenheim Capital LLC lowered its holdings in shares of Vulcan Materials (NYSE:VMC) by 32.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 359,630 shares of the construction company’s stock after selling 169,311 shares during the quarter. Guggenheim Capital LLC owned 0.27% of Vulcan Materials worth $46,164,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. AXA lifted its position in Vulcan Materials by 46.3% during the third quarter. AXA now owns 46,657 shares of the construction company’s stock valued at $5,580,000 after purchasing an additional 14,759 shares during the last quarter. Selz Capital LLC bought a new position in Vulcan Materials during the fourth quarter valued at $17,972,000. Sei Investments Co. lifted its position in Vulcan Materials by 33.3% during the fourth quarter. Sei Investments Co. now owns 96,548 shares of the construction company’s stock valued at $12,393,000 after purchasing an additional 24,130 shares during the last quarter. Jennison Associates LLC lifted its position in Vulcan Materials by 22.8% during the fourth quarter. Jennison Associates LLC now owns 731,273 shares of the construction company’s stock valued at $93,874,000 after purchasing an additional 135,860 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Vulcan Materials by 9.5% during the fourth quarter. Arizona State Retirement System now owns 72,894 shares of the construction company’s stock valued at $9,357,000 after purchasing an additional 6,304 shares during the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.
Several equities analysts have commented on VMC shares. Zacks Investment Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Barclays started coverage on shares of Vulcan Materials in a research report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 price objective for the company. SunTrust Banks set a $145.00 price objective on shares of Vulcan Materials and gave the company a “buy” rating in a research report on Saturday, December 16th. Citigroup reissued a “buy” rating and issued a $144.00 target price on shares of Vulcan Materials in a research note on Tuesday, December 26th. Finally, Stephens reissued a “buy” rating and issued a $158.00 target price on shares of Vulcan Materials in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $145.11.
Shares of Vulcan Materials (NYSE VMC) opened at $117.12 on Friday. Vulcan Materials has a 12 month low of $108.95 and a 12 month high of $141.20. The firm has a market cap of $15,622.33, a price-to-earnings ratio of 26.26, a PEG ratio of 1.22 and a beta of 0.95. The company has a quick ratio of 1.80, a current ratio of 2.66 and a debt-to-equity ratio of 0.57.
Vulcan Materials (NYSE:VMC) last announced its earnings results on Friday, February 16th. The construction company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. Vulcan Materials had a net margin of 15.45% and a return on equity of 8.68%. The business had revenue of $977.50 million for the quarter, compared to the consensus estimate of $929.36 million. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. sell-side analysts expect that Vulcan Materials will post 4.4 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were paid a $0.28 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.12 annualized dividend and a dividend yield of 0.96%. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.25. Vulcan Materials’s dividend payout ratio is currently 25.11%.
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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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