Pacer Advisors Inc. decreased its holdings in Vulcan Materials Company (NYSE:VMC) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,421 shares of the construction company’s stock after selling 30 shares during the period. Pacer Advisors Inc.’s holdings in Vulcan Materials were worth $307,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of VMC. BlackRock Inc. increased its holdings in shares of Vulcan Materials by 2,909.7% in the 1st quarter. BlackRock Inc. now owns 8,067,195 shares of the construction company’s stock worth $971,936,000 after purchasing an additional 7,799,158 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Vulcan Materials in the 1st quarter worth $138,381,000. Marshall Wace North America L.P. bought a new stake in shares of Vulcan Materials in the 1st quarter worth $138,381,000. Point72 Asset Management L.P. increased its holdings in shares of Vulcan Materials by 226.1% in the 1st quarter. Point72 Asset Management L.P. now owns 950,200 shares of the construction company’s stock worth $114,480,000 after purchasing an additional 658,800 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Vulcan Materials by 10.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,647,016 shares of the construction company’s stock worth $559,872,000 after purchasing an additional 443,701 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.
Vulcan Materials Company (NYSE VMC) opened at 118.00 on Wednesday. The stock has a market capitalization of $15.61 billion, a P/E ratio of 37.99 and a beta of 0.94. The company’s 50-day moving average price is $118.82 and its 200 day moving average price is $122.47. Vulcan Materials Company has a 52-week low of $105.71 and a 52-week high of $138.18.
Vulcan Materials (NYSE:VMC) last released its earnings results 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 firm 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 company earned $0.90 earnings per share. Vulcan Materials’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts predict that Vulcan Materials Company will post $3.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.85%. The ex-dividend date was Monday, August 21st. Vulcan Materials’s dividend payout ratio is currently 32.36%.
In other Vulcan Materials news, insider David B. Pasley sold 1,250 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $121.51, for a total transaction of $151,887.50. Following the sale, the insider now directly owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is currently owned by company insiders.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Vulcan Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada restated a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a research note on Monday, June 19th. Jefferies Group LLC set a $114.00 price target on Vulcan Materials and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. BidaskClub downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $140.00 to $145.00 in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Vulcan Materials has an average rating of “Hold” and an average target price of $136.00.
Vulcan Materials 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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