TD Asset Management Inc. Has $4.83 Million Holdings in Vulcan Materials Company (VMC)

TD Asset Management Inc. decreased its stake in Vulcan Materials Company (NYSE:VMC) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,358 shares of the construction company’s stock after selling 4,683 shares during the quarter. TD Asset Management Inc.’s holdings in Vulcan Materials were worth $4,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of VMC. CIBC Asset Management Inc increased its position in Vulcan Materials by 2.9% in the second quarter. CIBC Asset Management Inc now owns 13,690 shares of the construction company’s stock worth $1,734,000 after buying an additional 382 shares in the last quarter. Korea Investment CORP increased its position in 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 in the last quarter. IFP Advisors Inc increased its position in Vulcan Materials by 3.9% in the second quarter. IFP Advisors Inc now owns 2,669 shares of the construction company’s stock worth $338,000 after buying an additional 101 shares in the last quarter. Advisor Partners LLC purchased a new stake in Vulcan Materials in the second quarter worth about $204,000. Finally, Pioneer Investment Management Inc. increased its position in Vulcan Materials by 17.1% in the second quarter. Pioneer Investment Management Inc. now owns 160,341 shares of the construction company’s stock worth $20,312,000 after buying an additional 23,403 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

A number of analysts have commented on VMC shares. Jefferies Group restated a “hold” rating and issued a $122.00 price target on shares of Vulcan Materials in a research report on Friday, October 13th. Bank of America reduced their price target on Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Thursday, October 19th. Citigroup restated a “buy” rating and issued a $140.00 price target (down previously from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $140.00.

In related news, insider Michael R. Mills sold 981 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the transaction, the insider now directly owns 23,871 shares of the company’s stock, valued at $2,806,036.05. The sale was disclosed in a filing with the SEC, which is available through this link. 0.89% of the stock is currently owned by corporate insiders.

Vulcan Materials Company (VMC) traded down $1.60 during trading hours on Thursday, hitting $121.11. The company had a trading volume of 1,238,600 shares, compared to its average volume of 1,260,254. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34. Vulcan Materials Company has a 12-month low of $108.95 and a 12-month high of $136.82. The stock has a market capitalization of $16,232.63, a PE ratio of 41.32, a P/E/G ratio of 2.39 and a beta of 0.88.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.36). Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted $1.01 earnings per share. Vulcan Materials’s quarterly revenue was up 8.6% on a year-over-year basis. research analysts predict that Vulcan Materials Company will post 3.04 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, November 21st. Vulcan Materials’s payout ratio is presently 34.97%.

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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).

Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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