Cetera Advisor Networks LLC Purchases New Holdings in Vulcan Materials (VMC)

Cetera Advisor Networks LLC purchased a new stake in Vulcan Materials (NYSE:VMC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,605 shares of the construction company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in shares of Vulcan Materials by 33.3% during the 4th quarter. Sei Investments Co. now owns 96,548 shares of the construction company’s stock worth $12,393,000 after acquiring an additional 24,130 shares during the last quarter. New Mexico Educational Retirement Board lifted its holdings in shares of Vulcan Materials by 3.2% during the 4th quarter. New Mexico Educational Retirement Board now owns 12,719 shares of the construction company’s stock worth $1,633,000 after acquiring an additional 400 shares during the last quarter. IBM Retirement Fund lifted its holdings in shares of Vulcan Materials by 64.1% during the 4th quarter. IBM Retirement Fund now owns 3,245 shares of the construction company’s stock worth $458,000 after acquiring an additional 1,268 shares during the last quarter. Capital Innovations LLC lifted its holdings in shares of Vulcan Materials by 24.9% during the 4th quarter. Capital Innovations LLC now owns 3,035 shares of the construction company’s stock worth $390,000 after acquiring an additional 605 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Vulcan Materials by 3.2% during the 4th quarter. California Public Employees Retirement System now owns 295,134 shares of the construction company’s stock worth $37,886,000 after acquiring an additional 9,059 shares during the last quarter. 89.22% of the stock is owned by institutional investors.

In other Vulcan Materials news, insider Michael R. Mills sold 4,659 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael R. Mills sold 3,738 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total transaction 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 owned by company insiders.

A number of analysts have recently issued reports on VMC shares. Jefferies Group lifted their price objective on shares of Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. Barclays started coverage on shares of Vulcan Materials in a 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 stock a “buy” rating in a report on Saturday, December 16th. Finally, Citigroup reaffirmed a “buy” rating and set a $144.00 price objective on shares of Vulcan Materials in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $146.00.

Vulcan Materials (NYSE:VMC) opened at $122.12 on Friday. The company has a market cap of $16,150.00, a price-to-earnings ratio of 55.51, a P/E/G ratio of 1.67 and a beta of 0.84. Vulcan Materials has a 52-week low of $108.95 and a 52-week high of $141.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.49 and a quick ratio of 1.00.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Friday, February 16th. The construction company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $977.50 million for the quarter, compared to analysts’ expectations of $929.36 million. Vulcan Materials had a net margin of 15.45% and a return on equity of 8.68%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. analysts forecast that Vulcan Materials will post 4.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.25. Vulcan Materials’s dividend payout ratio (DPR) is presently 45.45%.

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

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