Kiwi Wealth Investments Limited Partnership Raises Stake in Vulcan Materials (VMC)

Kiwi Wealth Investments Limited Partnership increased its position in Vulcan Materials (NYSE:VMC) by 97.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,480 shares of the construction company’s stock after buying an additional 34,871 shares during the period. Kiwi Wealth Investments Limited Partnership owned 0.05% of Vulcan Materials worth $8,047,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VMC. Amundi Pioneer Asset Management Inc. lifted its position in Vulcan Materials by 52.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 244,279 shares of the construction company’s stock valued at $31,357,000 after acquiring an additional 84,164 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in Vulcan Materials in the 4th quarter valued at about $5,254,000. Sei Investments Co. lifted its position in Vulcan Materials by 33.3% in the 4th quarter. Sei Investments Co. now owns 96,548 shares of the construction company’s stock valued at $12,393,000 after acquiring an additional 24,130 shares in the last quarter. Millennium Management LLC lifted its position in Vulcan Materials by 256.9% in the 4th quarter. Millennium Management LLC now owns 1,013,853 shares of the construction company’s stock valued at $130,148,000 after acquiring an additional 729,757 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in Vulcan Materials by 10.4% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 24,870 shares of the construction company’s stock valued at $3,192,000 after acquiring an additional 2,340 shares in the last quarter. Institutional investors own 94.66% of the company’s stock.

In other Vulcan Materials news, VP John R. Mcpherson sold 21,618 shares of Vulcan Materials stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $130.37, for a total transaction of $2,818,338.66. Following the transaction, the vice president now owns 102,610 shares of the company’s stock, valued at approximately $13,377,265.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David P. Clement sold 1,828 shares of Vulcan Materials stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $124.00, for a total transaction of $226,672.00. Following the transaction, the insider now directly owns 5,340 shares in the company, valued at approximately $662,160. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,001 shares of company stock worth $6,278,803. Insiders own 0.81% of the company’s stock.



Vulcan Materials stock opened at $131.22 on Thursday. Vulcan Materials has a 52 week low of $108.17 and a 52 week high of $141.20. The company has a current ratio of 1.73, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The company has a market cap of $17.22 billion, a price-to-earnings ratio of 43.07, a PEG ratio of 1.40 and a beta of 1.01.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, May 3rd. The construction company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.22. Vulcan Materials had a net margin of 15.40% and a return on equity of 8.76%. The firm had revenue of $854.00 million for the quarter, compared to analysts’ expectations of $817.85 million. During the same quarter last year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. sell-side analysts expect that Vulcan Materials will post 4.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Thursday, May 24th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, May 23rd. This represents a $1.12 annualized dividend and a dividend yield of 0.85%. Vulcan Materials’s dividend payout ratio is currently 36.84%.

Several brokerages recently weighed in on VMC. Jefferies Financial Group reaffirmed a “hold” rating and issued a $129.00 price target on shares of Vulcan Materials in a research report on Monday, April 23rd. Citigroup set a $150.00 price target on shares of Vulcan Materials and gave the company a “buy” rating in a research report on Tuesday, February 27th. Stephens set a $137.00 price target on shares of Vulcan Materials and gave the company a “buy” rating in a research report on Friday, April 13th. Zacks Investment Research raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Monday, May 7th. Finally, Bank of America raised shares of Vulcan Materials from a “neutral” rating to a “buy” rating and set a $134.00 price target on the stock in a research report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $141.13.

Vulcan Materials Company Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.

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

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