Hyman Charles D lifted its holdings in Vulcan Materials (NYSE:VMC) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 156,558 shares of the construction company’s stock after purchasing an additional 3,938 shares during the quarter. Vulcan Materials comprises 2.2% of Hyman Charles D’s holdings, making the stock its 13th biggest position. Hyman Charles D owned approximately 0.12% of Vulcan Materials worth $21,497,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Comerica Securities Inc. acquired a new position in Vulcan Materials during the fourth quarter worth approximately $552,000. Dimensional Fund Advisors LP increased its position 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 worth $122,725,000 after purchasing an additional 220,170 shares during the last quarter. Geode Capital Management LLC increased its position in Vulcan Materials by 8.5% during the fourth quarter. Geode Capital Management LLC now owns 1,644,403 shares of the construction company’s stock worth $162,171,000 after purchasing an additional 129,134 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Vulcan Materials during the fourth quarter worth approximately $1,363,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Vulcan Materials during the fourth quarter worth approximately $351,000. Institutional investors and hedge funds own 95.85% of the company’s stock.
Several equities analysts recently commented on the stock. Royal Bank of Canada set a $142.00 price target on shares of Vulcan Materials and gave the stock a “buy” rating in a research report on Friday, July 26th. Stifel Nicolaus upped their price target on shares of Vulcan Materials from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. ValuEngine lowered shares of Vulcan Materials from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research report on Thursday, May 9th. Finally, Argus set a $152.00 price target on shares of Vulcan Materials and gave the stock a “buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $135.44.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.03. Vulcan Materials had a net margin of 12.12% and a return on equity of 11.07%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. Vulcan Materials’s revenue for the quarter was up 10.6% on a year-over-year basis. Sell-side analysts forecast that Vulcan Materials will post 4.84 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $1.24 annualized dividend and a yield of 0.90%. Vulcan Materials’s dividend payout ratio is currently 30.62%.
In other news, VP Randy L. Pigg sold 1,754 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $134.96, for a total value of $236,719.84. Following the completion of the transaction, the vice president now directly owns 3,034 shares in the company, valued at $409,468.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stanley G. Bass sold 6,207 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $135.80, for a total transaction of $842,910.60. Following the completion of the transaction, the insider now owns 53,813 shares of the company’s stock, valued at $7,307,805.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,287 shares of company stock valued at $1,260,033. 0.79% of the stock is owned by insiders.
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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