Los Angeles Capital Management LLC Boosts Holdings in Vulcan Materials Company $VMC

Los Angeles Capital Management LLC lifted its position in Vulcan Materials Company (NYSE:VMC) by 95.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,501 shares of the construction company’s stock after buying an additional 23,709 shares during the period. Los Angeles Capital Management LLC’s holdings in Vulcan Materials were worth $12,650,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in Vulcan Materials by 11,723.8% in the 1st quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock valued at $99,278,000 after acquiring an additional 421,939 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Vulcan Materials by 5.6% during the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock valued at $1,625,583,000 after purchasing an additional 370,434 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Vulcan Materials during the first quarter valued at $82,659,000. Vanguard Group Inc. boosted its position in shares of Vulcan Materials by 2.1% during the first quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock valued at $3,896,031,000 after buying an additional 347,155 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in Vulcan Materials by 310.6% in the 1st quarter. National Bank of Canada FI now owns 299,954 shares of the construction company’s stock worth $69,979,000 after buying an additional 226,908 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Activity

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of Vulcan Materials stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the transaction, the senior vice president owned 2,832 shares of the company’s stock, valued at $845,521.92. The trade was a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thompson S. Baker II sold 5,818 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $292.26, for a total transaction of $1,700,368.68. The disclosure for this sale is available in the SEC filing. 0.62% of the stock is owned by company insiders.

Vulcan Materials Stock Up 0.5%

Shares of VMC stock opened at $287.62 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $311.74. The stock has a market cap of $38.00 billion, a P/E ratio of 40.17, a P/E/G ratio of 2.39 and a beta of 0.95. The company has a 50 day simple moving average of $296.24 and a two-hundred day simple moving average of $279.31.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.12. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.22 EPS. On average, research analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is 23.28%.

Wall Street Analysts Forecast Growth

VMC has been the topic of several research analyst reports. Stifel Nicolaus set a $327.00 target price on shares of Vulcan Materials in a research note on Monday, November 3rd. Royal Bank Of Canada decreased their price objective on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Raymond James Financial raised their target price on shares of Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. DA Davidson lifted their target price on shares of Vulcan Materials from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $317.58.

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.