Rainier Investment Management LLC Has $3.26 Million Position in Vulcan Materials (NYSE:VMC)

Rainier Investment Management LLC reduced its stake in shares of Vulcan Materials (NYSE:VMC) by 45.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,430 shares of the construction company’s stock after selling 21,270 shares during the period. Rainier Investment Management LLC’s holdings in Vulcan Materials were worth $3,264,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in Vulcan Materials in the fourth quarter valued at about $133,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Vulcan Materials in the fourth quarter valued at about $200,000. WINTON GROUP Ltd acquired a new position in shares of Vulcan Materials in the second quarter valued at about $218,000. FCA Corp TX acquired a new position in shares of Vulcan Materials in the third quarter valued at about $215,000. Finally, LMR Partners LLP acquired a new position in shares of Vulcan Materials in the third quarter valued at about $220,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on VMC shares. Citigroup reissued a “buy” rating and issued a $144.00 price objective on shares of Vulcan Materials in a report on Tuesday, December 26th. SunTrust Banks set a $145.00 target price on Vulcan Materials and gave the stock a “buy” rating in a report on Saturday, December 16th. Zacks Investment Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. Barclays began coverage on Vulcan Materials in a report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 target price on the stock. Finally, Stephens reaffirmed a “buy” rating and set a $158.00 target price on shares of Vulcan Materials in a report on Wednesday, January 3rd. One equities 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 stock. Vulcan Materials presently has a consensus rating of “Buy” and an average target price of $146.13.

In other news, insider Michael R. Mills sold 4,659 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $133.25, for a total value of $620,811.75. Following the transaction, the insider now owns 45,351 shares in the company, valued at $6,043,020.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael R. Mills sold 3,738 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total value of $502,985.28. Following the completion of the transaction, the insider now owns 44,581 shares in the company, valued at approximately $5,998,819.36. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.

Shares of Vulcan Materials (NYSE VMC) traded up $2.30 on Monday, reaching $127.30. The company’s stock had a trading volume of 836,906 shares, compared to its average volume of 1,484,814. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22. Vulcan Materials has a one year low of $108.95 and a one year high of $141.20. The firm has a market capitalization of $16,830.00, a price-to-earnings ratio of 43.60, a P/E/G ratio of 1.83 and a beta of 0.84.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a $0.28 dividend. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 0.88%. Vulcan Materials’s dividend payout ratio (DPR) is presently 34.13%.

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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).

Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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