ProShare Advisors LLC Has $5.79 Million Holdings in Vulcan Materials (NYSE:VMC)

ProShare Advisors LLC cut its holdings in shares of Vulcan Materials (NYSE:VMC) by 45.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,509 shares of the construction company’s stock after selling 18,787 shares during the period. ProShare Advisors LLC’s holdings in Vulcan Materials were worth $5,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quantinno Capital Management LP lifted its holdings in shares of Vulcan Materials by 34.6% during the 4th quarter. Quantinno Capital Management LP now owns 6,180 shares of the construction company’s stock valued at $1,590,000 after purchasing an additional 1,590 shares in the last quarter. Mufg Securities Americas Inc. acquired a new stake in Vulcan Materials during the 4th quarter worth approximately $502,000. Malaga Cove Capital LLC acquired a new stake in Vulcan Materials during the 4th quarter worth approximately $350,000. Nissay Asset Management Corp Japan ADV lifted its stake in Vulcan Materials by 10.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 40,136 shares of the construction company’s stock valued at $10,530,000 after buying an additional 3,926 shares in the last quarter. Finally, Nomura Holdings Inc. boosted its holdings in shares of Vulcan Materials by 138.8% in the fourth quarter. Nomura Holdings Inc. now owns 4,348 shares of the construction company’s stock valued at $1,118,000 after buying an additional 15,553 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on VMC shares. Morgan Stanley raised their price objective on shares of Vulcan Materials from $273.00 to $303.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. Raymond James dropped their price target on Vulcan Materials from $300.00 to $295.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 29th. Seaport Res Ptn upgraded Vulcan Materials to a “strong-buy” rating in a report on Friday, March 21st. Royal Bank of Canada increased their price objective on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 19th. Finally, Citigroup reissued a “buy” rating on shares of Vulcan Materials in a research report on Monday, March 24th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $302.91.

Vulcan Materials Stock Up 1.7%

NYSE:VMC opened at $275.64 on Monday. Vulcan Materials has a twelve month low of $215.08 and a twelve month high of $298.31. The firm has a market capitalization of $36.41 billion, a price-to-earnings ratio of 40.24, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average price is $245.72 and its two-hundred day moving average price is $260.41.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts expect that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.96 annualized dividend and a dividend yield of 0.71%. Vulcan Materials’s dividend payout ratio is presently 27.80%.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.