Strs Ohio boosted its stake in Vulcan Materials (NYSE:VMC – Free Report) by 1.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,118 shares of the construction company’s stock after buying an additional 1,221 shares during the quarter. Strs Ohio’s holdings in Vulcan Materials were worth $11,171,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VMC. American Century Companies Inc. lifted its position in Vulcan Materials by 10.4% in the 1st quarter. American Century Companies Inc. now owns 7,180 shares of the construction company’s stock worth $1,319,000 after buying an additional 676 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Vulcan Materials by 2.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,685 shares of the construction company’s stock worth $861,000 after buying an additional 110 shares in the last quarter. Private Advisor Group LLC lifted its position in Vulcan Materials by 32.2% in the 1st quarter. Private Advisor Group LLC now owns 2,451 shares of the construction company’s stock worth $450,000 after buying an additional 597 shares in the last quarter. Yousif Capital Management LLC lifted its position in Vulcan Materials by 0.9% in the 1st quarter. Yousif Capital Management LLC now owns 19,808 shares of the construction company’s stock worth $3,639,000 after buying an additional 175 shares in the last quarter. Finally, Prudential PLC purchased a new stake in Vulcan Materials in the 1st quarter worth approximately $470,000. Hedge funds and other institutional investors own 89.02% of the company’s stock.
Insiders Place Their Bets
In other Vulcan Materials news, VP Randy L. Pigg sold 560 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $202.44, for a total value of $113,366.40. Following the sale, the vice president now directly owns 1,707 shares in the company, valued at approximately $345,565.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP David P. Clement sold 2,389 shares of Vulcan Materials stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $196.00, for a total transaction of $468,244.00. Following the completion of the transaction, the senior vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $565,852. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Randy L. Pigg sold 560 shares of Vulcan Materials stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $202.44, for a total transaction of $113,366.40. Following the transaction, the vice president now directly owns 1,707 shares of the company’s stock, valued at $345,565.08. The disclosure for this sale can be found here. Insiders have sold 7,644 shares of company stock worth $1,529,014 in the last ninety days. Insiders own 0.62% of the company’s stock.
Wall Street Analysts Forecast Growth
Vulcan Materials Stock Performance
NYSE VMC opened at $224.75 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.37 and a quick ratio of 1.59. The firm has a market capitalization of $29.91 billion, a price-to-earnings ratio of 49.72, a P/E/G ratio of 1.67 and a beta of 0.76. The company’s fifty day moving average is $207.10 and its two-hundred day moving average is $187.01. Vulcan Materials has a 52-week low of $147.29 and a 52-week high of $225.93.
Vulcan Materials (NYSE:VMC – Get Free Report) last posted its quarterly earnings results on Thursday, May 4th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.31. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.57 billion. Vulcan Materials had a net margin of 8.14% and a return on equity of 10.36%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. Equities research analysts forecast that Vulcan Materials will post 6.48 EPS for the current year.
Vulcan Materials Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Thursday, August 17th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.77%. Vulcan Materials’s dividend payout ratio is 38.05%.
Vulcan Materials Company Profile
Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.
Featured Articles
- Five stocks we like better than Vulcan Materials
- MarketBeat Week in Review – 7/10 – 7/14
- Wells Fargo’s Earnings, Why Markets Are Loving The Stock
- Citigroup Leads Banking Earnings, What’s Next?
- BlackRock Kicks Off Financials Earnings Season, Gauge To Markets
- JPMorgan Chase Is In Reversal But Don’t Chase It Higher
Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials (NYSE:VMC – Free Report).
Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.
