Vulcan Materials (VMC) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC reduced its position in shares of Vulcan Materials (NYSE:VMC) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,515 shares of the construction company’s stock after selling 12,374 shares during the period. Frontier Capital Management Co. LLC’s holdings in Vulcan Materials were worth $67,904,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc increased its holdings in shares of Vulcan Materials by 0.3% during the third quarter. Vanguard Group Inc now owns 13,964,379 shares of the construction company’s stock worth $1,552,839,000 after buying an additional 46,860 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Vulcan Materials by 17.4% during 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. Principal Financial Group Inc. increased its holdings in shares of Vulcan Materials by 20.6% during the fourth quarter. Principal Financial Group Inc. now owns 3,271,027 shares of the construction company’s stock worth $323,178,000 after buying an additional 557,792 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Vulcan Materials by 10.0% during the first quarter. Janus Henderson Group PLC now owns 3,044,728 shares of the construction company’s stock worth $360,494,000 after buying an additional 277,666 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Vulcan Materials by 4.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,360,187 shares of the construction company’s stock worth $233,186,000 after buying an additional 98,900 shares in the last quarter. Institutional investors and hedge funds own 96.68% of the company’s stock.

Shares of VMC opened at $130.52 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The firm has a market cap of $17.15 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 1.54 and a beta of 0.94. Vulcan Materials has a 12 month low of $82.52 and a 12 month high of $133.59.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.13. The business had revenue of $996.50 million for the quarter, compared to analysts’ expectations of $915.68 million. Vulcan Materials had a net margin of 11.63% and a return on equity of 10.60%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. As a group, sell-side analysts predict that Vulcan Materials will post 4.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 0.95%. Vulcan Materials’s dividend payout ratio (DPR) is currently 30.62%.

VMC has been the topic of several analyst reports. TheStreet raised shares of Vulcan Materials from a “c+” rating to a “b-” rating in a research note on Friday, February 1st. Berenberg Bank initiated coverage on shares of Vulcan Materials in a research note on Wednesday, April 3rd. They issued a “hold” rating and a $115.00 price objective on the stock. Goldman Sachs Group raised shares of Vulcan Materials from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, March 6th. Deutsche Bank boosted their price objective on shares of Vulcan Materials to $125.00 and gave the stock a “buy” rating in a research note on Friday, February 15th. Finally, Jefferies Financial Group boosted their price objective on shares of Vulcan Materials to $133.00 and gave the stock a “buy” rating in a research note on Friday, February 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $124.15.

In other Vulcan Materials news, insider David P. Clement sold 2,789 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $114.28, for a total transaction of $318,726.92. Following the sale, the insider now owns 4,340 shares of the company’s stock, valued at $495,975.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.79% of the company’s stock.

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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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