California Public Employees Retirement System raised its position in shares of Vulcan Materials (NYSE:VMC) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 286,075 shares of the construction company’s stock after purchasing an additional 13,975 shares during the quarter. California Public Employees Retirement System owned 0.22% of Vulcan Materials worth $34,215,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Sun Life Financial INC boosted its stake in shares of Vulcan Materials by 10,666.7% in the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after buying an additional 960 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of Vulcan Materials in the second quarter worth about $187,000. Wetherby Asset Management Inc. purchased a new stake in shares of Vulcan Materials in the second quarter worth about $203,000. WINTON GROUP Ltd purchased a new stake in shares of Vulcan Materials in the second quarter worth about $218,000. Finally, FCA Corp TX purchased a new stake in shares of Vulcan Materials in the third quarter worth about $215,000. Institutional investors and hedge funds own 89.10% of the company’s stock.
A number of analysts have recently commented on the company. SunTrust Banks set a $145.00 target price on Vulcan Materials and gave the stock a “buy” rating in a research note on Saturday. Barclays assumed coverage on Vulcan Materials in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $135.00 target price on the stock. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Jefferies Group upped their target price on Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Finally, Bank of America lowered their price target on Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $140.00.
Shares of Vulcan Materials (VMC) traded up $0.58 during mid-day trading on Friday, reaching $120.82. The company’s stock had a trading volume of 1,322,943 shares, compared to its average volume of 1,133,596. The stock has a market capitalization of $15,977.37, a P/E ratio of 40.67, a P/E/G ratio of 2.34 and a beta of 0.88. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 52 week low of $108.95 and a 52 week high of $136.82.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.36). Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company posted $1.01 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. equities research analysts anticipate that Vulcan Materials will post 3.06 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.83%. Vulcan Materials’s payout ratio is currently 34.97%.
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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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