First Trust Advisors LP boosted its position in shares of Vulcan Materials Co. (NYSE:VMC) by 9.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,968 shares of the company’s stock after buying an additional 16,815 shares during the period. First Trust Advisors LP owned 0.14% of Vulcan Materials worth $21,491,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. Financial Architects Inc raised its position in Vulcan Materials by 1,268.9% in the second quarter. Financial Architects Inc now owns 1,013 shares of the company’s stock worth $122,000 after buying an additional 939 shares during the period. Gilder Gagnon Howe & Co. LLC raised its position in Vulcan Materials by 6.1% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,313 shares of the company’s stock worth $149,000 after buying an additional 75 shares during the period. Tredje AP fonden raised its position in Vulcan Materials by 173.9% in the second quarter. Tredje AP fonden now owns 1,260 shares of the company’s stock worth $152,000 after buying an additional 800 shares during the period. Carroll Financial Associates Inc. raised its position in Vulcan Materials by 40.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,416 shares of the company’s stock worth $161,000 after buying an additional 410 shares during the period. Finally, Thompson Davis & CO. Inc. raised its position in Vulcan Materials by 3,155.6% in the second quarter. Thompson Davis & CO. Inc. now owns 1,465 shares of the company’s stock worth $176,000 after buying an additional 1,420 shares during the period. Hedge funds and other institutional investors own 88.13% of the company’s stock.
Shares of Vulcan Materials Co. (NYSE:VMC) traded up 1.30% on Thursday, reaching $129.66. 1,331,116 shares of the company traded hands. Vulcan Materials Co. has a 52-week low of $78.83 and a 52-week high of $138.18. The firm has a 50-day moving average of $117.99 and a 200-day moving average of $117.35. The company has a market capitalization of $17.16 billion, a PE ratio of 47.34 and a beta of 1.19.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by $0.18. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.12 billion. Vulcan Materials had a net margin of 10.38% and a return on equity of 8.83%. Vulcan Materials’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.95 earnings per share. On average, equities research analysts forecast that Vulcan Materials Co. will post $3.02 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Wednesday, November 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, November 21st. Vulcan Materials’s dividend payout ratio (DPR) is 29.20%.
Several equities research analysts have commented on VMC shares. SunTrust Banks Inc. upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and boosted their target price for the stock from $110.00 to $129.00 in a research report on Wednesday, October 26th. Argus restated a “buy” rating and set a $129.00 target price on shares of Vulcan Materials in a research report on Wednesday, August 3rd. Stephens lowered shares of Vulcan Materials from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 17th. Zacks Investment Research lowered shares of Vulcan Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, DA Davidson restated a “hold” rating and set a $120.00 target price on shares of Vulcan Materials in a research report on Sunday, October 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Vulcan Materials has a consensus rating of “Hold” and an average target price of $130.70.
In other news, insider David J. Grayson sold 2,121 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $118.49, for a total transaction of $251,317.29. Following the transaction, the insider now directly owns 16,648 shares of the company’s stock, valued at $1,972,621.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.92% of the company’s stock.
Vulcan Materials Company Profile
Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company has four segments organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Company operates approximately 344 aggregates facilities.
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