Moody Lynn & Lieberson LLC cut its stake in shares of Vulcan Materials Company (NYSE:VMC) by 34.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,828 shares of the construction company’s stock after selling 1,983 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Vulcan Materials were worth $458,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. New England Research & Management Inc. bought a new stake in shares of Vulcan Materials during the third quarter valued at about $287,000. Schwab Charles Investment Management Inc. increased its position in shares of Vulcan Materials by 2.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 418,466 shares of the construction company’s stock valued at $53,012,000 after buying an additional 11,647 shares during the period. Principal Financial Group Inc. increased its position in shares of Vulcan Materials by 7.5% during the second quarter. Principal Financial Group Inc. now owns 554,208 shares of the construction company’s stock valued at $70,207,000 after buying an additional 38,479 shares during the period. Geneva Advisors LLC bought a new stake in shares of Vulcan Materials during the second quarter valued at about $647,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Vulcan Materials by 1.2% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 264,909 shares of the construction company’s stock valued at $33,559,000 after buying an additional 3,265 shares during the period. Hedge funds and other institutional investors own 87.40% of the company’s stock.
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Vulcan Materials Company (NYSE VMC) traded down $0.75 during mid-day trading on Tuesday, hitting $123.24. 179,576 shares of the company traded hands, compared to its average volume of 1,272,905. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22. The company has a market capitalization of $16,414.52, a PE ratio of 41.78, a price-to-earnings-growth ratio of 2.42 and a beta of 0.86. Vulcan Materials Company has a one year low of $108.95 and a one year high of $136.82.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.36). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $1.01 earnings per share. equities analysts anticipate that Vulcan Materials Company will post 3.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, November 21st. Vulcan Materials’s dividend payout ratio (DPR) is 34.97%.
In other Vulcan Materials news, insider Michael R. Mills sold 981 shares of the company’s stock in a transaction that occurred 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 owns 23,871 shares of the company’s stock, valued at $2,806,036.05. The sale was disclosed in a legal filing 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 that occurred on Friday, September 1st. The stock was 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 directly owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.
VMC has been the topic of several analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $154.00 price target on shares of Vulcan Materials in a research report on Tuesday, October 10th. Citigroup Inc. reiterated a “buy” rating and set a $140.00 price target (down from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. Jefferies Group LLC set a $114.00 price target on Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Zacks Investment Research cut Vulcan Materials from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Bank of America Corporation decreased their price objective on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Vulcan Materials presently has a consensus rating of “Hold” and a consensus target price of $140.00.
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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