Pax World Management LLC boosted its position in Vulcan Materials Company (NYSE:VMC) by 200.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,000 shares of the construction company’s stock after buying an additional 40,000 shares during the period. Pax World Management LLC’s holdings in Vulcan Materials were worth $7,601,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Vulcan Materials during the first quarter worth approximately $105,000. NN Investment Partners Holdings N.V. boosted its stake in shares of Vulcan Materials by 25.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock worth $126,000 after buying an additional 200 shares during the period. Alexandria Capital LLC boosted its stake in shares of Vulcan Materials by 32.3% in the first quarter. Alexandria Capital LLC now owns 1,230 shares of the construction company’s stock worth $148,000 after buying an additional 300 shares during the period. Korea Investment CORP boosted its stake in shares of Vulcan Materials by 140.5% in the second quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock worth $156,000 after buying an additional 718 shares during the period. Finally, NEXT Financial Group Inc boosted its stake in shares of Vulcan Materials by 405.7% in the first quarter. NEXT Financial Group Inc now owns 1,497 shares of the construction company’s stock worth $181,000 after buying an additional 1,201 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.
Vulcan Materials Company (NYSE VMC) opened at 112.57 on Tuesday. Vulcan Materials Company has a 52 week low of $105.71 and a 52 week high of $138.18. The stock has a market cap of $14.89 billion, a price-to-earnings ratio of 36.24 and a beta of 0.93. The firm’s 50 day moving average price is $122.18 and its 200-day moving average price is $122.90.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by $0.32. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm posted $0.90 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that Vulcan Materials Company will post $3.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, August 21st. Vulcan Materials’s payout ratio is presently 32.36%.
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VMC has been the topic of a number of analyst reports. Zacks Investment Research cut Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Argus increased their target price on Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, June 9th. Citigroup Inc. reiterated a “buy” rating on shares of Vulcan Materials in a report on Thursday, May 11th. Royal Bank Of Canada reiterated a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a report on Monday, June 19th. Finally, BidaskClub cut Vulcan Materials from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $136.00.
In related news, VP Ejaz A. Khan sold 2,024 shares of Vulcan Materials stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $125.30, for a total value of $253,607.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stanley G. Bass sold 4,413 shares of Vulcan Materials stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total transaction of $582,516.00. Following the completion of the sale, the insider now directly owns 21,939 shares of the company’s stock, valued at approximately $2,895,948. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,743 shares of company stock valued at $876,515. 0.89% of the stock is owned by company insiders.
Vulcan Materials Company Profile
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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