ETRADE Capital Management LLC increased its stake in Vulcan Materials Company (NYSE:VMC) by 25.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,439 shares of the construction company’s stock after purchasing an additional 2,526 shares during the period. ETRADE Capital Management LLC’s holdings in Vulcan Materials were worth $1,488,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of VMC. Sun Life Financial INC increased its holdings in Vulcan Materials by 10,666.7% in the 2nd quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after buying an additional 960 shares in the last quarter. NN Investment Partners Holdings N.V. grew its position 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 acquiring an additional 200 shares during the last quarter. Korea Investment CORP lifted its holdings in shares of Vulcan Materials by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock worth $156,000 after buying an additional 718 shares during the period. Schroder Investment Management Group purchased a new stake in shares of Vulcan Materials in the 2nd quarter worth $187,000. Finally, Wetherby Asset Management Inc. purchased a new stake in shares of Vulcan Materials in the 2nd quarter worth $203,000. Institutional investors own 89.10% of the company’s stock.
Shares of Vulcan Materials Company (NYSE VMC) traded down $1.60 during midday trading on Thursday, hitting $121.11. The stock had a trading volume of 1,238,600 shares, compared to its average volume of 1,260,254. Vulcan Materials Company has a twelve month low of $108.95 and a twelve month high of $136.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34. The firm has a market capitalization of $16,232.63, a PE ratio of 41.32, a PEG ratio of 2.39 and a beta of 0.88.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. analysts expect that Vulcan Materials Company will post 3.04 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Tuesday, November 21st. Vulcan Materials’s payout ratio is currently 34.97%.
In related news, insider Michael R. Mills sold 981 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total value of $115,316.55. Following the transaction, the insider now owns 23,871 shares in the company, valued at approximately $2,806,036.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.89% of the stock is currently owned by insiders.
VMC has been the subject of a number of analyst reports. Bank of America decreased their price objective on Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. Jefferies Group increased their price objective on Vulcan Materials from $122.00 to $128.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a report on Tuesday, October 10th. Finally, Citigroup reaffirmed a “buy” rating and set a $140.00 target price (down from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $140.00.
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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