Cetera Advisors LLC acquired a new position in shares of Vulcan Materials (NYSE:VMC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,814 shares of the construction company’s stock, valued at approximately $896,000.
A number of other large investors also recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its stake in shares of Vulcan Materials by 1,140.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,451 shares of the construction company’s stock valued at $187,000 after purchasing an additional 1,334 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in Vulcan Materials during the 4th quarter worth approximately $205,000. Cetera Advisor Networks LLC acquired a new stake in Vulcan Materials during the 4th quarter worth approximately $208,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Vulcan Materials during the 1st quarter worth approximately $217,000. Finally, Tiverton Asset Management LLC raised its holdings in shares of Vulcan Materials by 41.9% in the first quarter. Tiverton Asset Management LLC now owns 2,008 shares of the construction company’s stock valued at $229,000 after purchasing an additional 593 shares during the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider David P. Clement sold 1,828 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $124.00, for a total value of $226,672.00. Following the sale, the insider now directly owns 5,340 shares in the company, valued at $662,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John R. Mcpherson sold 21,446 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $125.88, for a total value of $2,699,622.48. Following the completion of the sale, the vice president now owns 102,610 shares in the company, valued at $12,916,546.80. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.
A number of research firms have recently issued reports on VMC. Zacks Investment Research raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. Stephens set a $137.00 target price on shares of Vulcan Materials and gave the company a “buy” rating in a research note on Friday, April 13th. ValuEngine cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Bank of America raised their target price on shares of Vulcan Materials from $129.00 to $139.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Finally, Jefferies Group reissued a “hold” rating and issued a $129.00 target price on shares of Vulcan Materials in a research note on Monday, April 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $141.56.
Shares of Vulcan Materials opened at $127.34 on Friday, MarketBeat.com reports. The stock has a market capitalization of $17.09 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 1.38 and a beta of 0.99. Vulcan Materials has a 52-week low of $108.17 and a 52-week high of $141.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.73 and a quick ratio of 1.05.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, May 3rd. The construction company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.22. The business had revenue of $854.00 million during the quarter, compared to the consensus estimate of $817.85 million. Vulcan Materials had a return on equity of 8.76% and a net margin of 15.40%. Vulcan Materials’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. analysts anticipate that Vulcan Materials will post 4.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Thursday, May 24th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.88%. The ex-dividend date is Wednesday, May 23rd. Vulcan Materials’s payout ratio is 36.84%.
About Vulcan Materials
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.
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