Quantinno Capital Management LP raised its stake in shares of Vulcan Materials Company (NYSE:VMC – Free Report) by 29.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 75,568 shares of the construction company’s stock after buying an additional 16,970 shares during the quarter. Quantinno Capital Management LP’s holdings in Vulcan Materials were worth $20,577,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. NBT Bank N A NY bought a new position in Vulcan Materials in the fourth quarter valued at about $26,000. Meeder Asset Management Inc. grew its stake in shares of Vulcan Materials by 71.7% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock valued at $28,000 after purchasing an additional 43 shares during the period. Birchwood Financial Partners Inc. purchased a new stake in shares of Vulcan Materials during the 4th quarter valued at about $29,000. Godsey & Gibb Inc. purchased a new stake in shares of Vulcan Materials during the 4th quarter valued at about $30,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Vulcan Materials in the 3rd quarter worth approximately $30,000. 90.39% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the transaction, the senior vice president owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.65% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Report on Vulcan Materials
Vulcan Materials Price Performance
NYSE VMC opened at $268.98 on Friday. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The stock has a market cap of $34.85 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 1.93 and a beta of 1.05. The company’s 50 day moving average is $288.48 and its two-hundred day moving average is $289.87. The company has a current ratio of 1.76, a quick ratio of 1.89 and a debt-to-equity ratio of 0.47.
Vulcan Materials (NYSE:VMC – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.42 earnings per share. As a group, research analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current year.
Vulcan Materials Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. Vulcan Materials’s payout ratio is 24.56%.
Vulcan Materials Company Profile
Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.
Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.
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