Vulcan Materials (NYSE:VMC) Holdings Lifted by Natixis Advisors L.P.

Natixis Advisors L.P. raised its position in Vulcan Materials (NYSE:VMC) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,248 shares of the construction company’s stock after acquiring an additional 669 shares during the quarter. Natixis Advisors L.P.’s holdings in Vulcan Materials were worth $1,408,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VMC. Massachusetts Financial Services Co. MA lifted its stake in shares of Vulcan Materials by 17.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,107,631 shares of the construction company’s stock worth $405,835,000 after buying an additional 608,504 shares in the last quarter. Marshall Wace North America L.P. increased its stake in shares of Vulcan Materials by 110.7% in the third quarter. Marshall Wace North America L.P. now owns 1,030,674 shares of the construction company’s stock worth $114,611,000 after purchasing an additional 541,504 shares in the last quarter. Morgan Stanley increased its stake in shares of Vulcan Materials by 5.0% in the third quarter. Morgan Stanley now owns 6,423,074 shares of the construction company’s stock worth $714,246,000 after purchasing an additional 303,986 shares in the last quarter. Scopus Asset Management L.P. purchased a new stake in shares of Vulcan Materials in the third quarter worth $30,024,000. Finally, Dimensional Fund Advisors LP grew its stake in Vulcan Materials by 21.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,242,237 shares of the construction company’s stock valued at $122,725,000 after acquiring an additional 220,170 shares in the last quarter. Hedge funds and other institutional investors own 95.80% of the company’s stock.

Several equities research analysts have recently issued reports on VMC shares. Zacks Investment Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 18th. Deutsche Bank started coverage on shares of Vulcan Materials in a report on Thursday, January 3rd. They set a “buy” rating and a $116.00 price objective for the company. Citigroup decreased their price objective on shares of Vulcan Materials from $128.00 to $120.00 and set a “buy” rating for the company in a report on Friday, January 4th. TheStreet upgraded shares of Vulcan Materials from a “c+” rating to a “b-” rating in a report on Friday, February 1st. Finally, Jefferies Financial Group lifted their price objective on shares of Vulcan Materials to $133.00 and gave the company a “buy” rating in a report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $123.31.

NYSE VMC traded down $0.04 during trading on Monday, reaching $122.11. 430,215 shares of the company’s stock traded hands, compared to its average volume of 1,204,805. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.79. The company has a market capitalization of $16.13 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 1.73 and a beta of 0.93. Vulcan Materials has a 12-month low of $82.52 and a 12-month high of $133.59.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, February 14th. The construction company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. Vulcan Materials had a net margin of 11.77% and a return on equity of 10.71%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts expect that Vulcan Materials will post 4.76 earnings per share for the current fiscal year.

In other news, insider David P. Clement sold 2,789 shares of Vulcan Materials stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $114.28, for a total value of $318,726.92. Following the transaction, the insider now owns 4,340 shares of the company’s stock, valued at approximately $495,975.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.79% of the stock is owned by insiders.

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Vulcan Materials Profile

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

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