B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new stake in shares of Vulcan Materials (NYSE:VMC) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,643 shares of the construction company’s stock, valued at approximately $294,000.
Other large investors have also bought and sold shares of the company. Capital Investment Advisory Services LLC bought a new stake in Vulcan Materials during the 4th quarter valued at approximately $25,000. JOYN Advisors Inc. raised its holdings in Vulcan Materials by 273.0% in the 4th quarter. JOYN Advisors Inc. now owns 276 shares of the construction company’s stock valued at $27,000 after acquiring an additional 202 shares in the last quarter. Ipswich Investment Management Co. Inc. acquired a new position in Vulcan Materials in the 4th quarter valued at approximately $34,000. First Personal Financial Services raised its holdings in Vulcan Materials by 74.5% in the 4th quarter. First Personal Financial Services now owns 342 shares of the construction company’s stock valued at $34,000 after acquiring an additional 146 shares in the last quarter. Finally, Citizens Financial Group Inc RI acquired a new position in Vulcan Materials in the 4th quarter valued at approximately $46,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider David P. Clement sold 2,789 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $114.28, for a total value of $318,726.92. Following the transaction, the insider now directly owns 4,340 shares in the company, valued at approximately $495,975.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, February 14th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.10. Vulcan Materials had a return on equity of 10.71% and a net margin of 11.77%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $0.74 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. As a group, research analysts forecast that Vulcan Materials will post 4.76 EPS for the current year.
A number of brokerages have recently issued reports on VMC. Berenberg Bank began coverage on Vulcan Materials in a report on Wednesday, April 3rd. They issued a “hold” rating and a $115.00 target price for the company. Deutsche Bank raised their price target on Vulcan Materials to $125.00 and gave the company a “buy” rating in a report on Friday, February 15th. Citigroup dropped their price target on Vulcan Materials from $128.00 to $120.00 and set a “buy” rating for the company in a report on Friday, January 4th. JPMorgan Chase & Co. began coverage on Vulcan Materials in a report on Thursday, March 21st. They set an “overweight” rating and a $135.00 price target for the company. Finally, TheStreet raised Vulcan Materials from a “c+” rating to a “b-” rating in a report on Friday, February 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $123.31.
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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