Zeke Capital Advisors LLC lowered its position in shares of Vulcan Materials (NYSE:VMC) by 59.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,462 shares of the construction company’s stock after selling 2,132 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Vulcan Materials were worth $221,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in VMC. Nordea Investment Management AB increased its position in shares of Vulcan Materials by 1.8% during the 1st quarter. Nordea Investment Management AB now owns 7,901 shares of the construction company’s stock worth $935,000 after purchasing an additional 143 shares in the last quarter. FMR LLC grew its holdings in Vulcan Materials by 6.7% during the 1st quarter. FMR LLC now owns 1,041,382 shares of the construction company’s stock worth $123,300,000 after acquiring an additional 65,399 shares during the last quarter. First Trust Advisors LP grew its holdings in Vulcan Materials by 64.2% during the 1st quarter. First Trust Advisors LP now owns 34,452 shares of the construction company’s stock worth $4,079,000 after acquiring an additional 13,476 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in Vulcan Materials by 4.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 229,227 shares of the construction company’s stock worth $27,140,000 after acquiring an additional 8,785 shares during the last quarter. Finally, Dorsey Wright & Associates bought a new stake in Vulcan Materials during the 2nd quarter worth about $2,052,000. Institutional investors and hedge funds own 95.22% of the company’s stock.
In other news, insider Stanley G. Bass sold 6,207 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $135.80, for a total value of $842,910.60. Following the transaction, the insider now owns 53,813 shares of the company’s stock, valued at approximately $7,307,805.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stanley G. Bass sold 2,184 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $149.93, for a total transaction of $327,447.12. Following the completion of the transaction, the insider now directly owns 35,263 shares in the company, valued at approximately $5,286,981.59. The disclosure for this sale can be found here. Insiders sold a total of 10,797 shares of company stock worth $1,511,865 in the last ninety days. Insiders own 0.79% of the company’s stock.
Shares of NYSE VMC traded up $1.19 during mid-day trading on Thursday, hitting $145.68. The company’s stock had a trading volume of 310,958 shares, compared to its average volume of 863,344. The stock has a market cap of $19.28 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 1.67 and a beta of 0.92. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.89 and a quick ratio of 1.23. Vulcan Materials has a one year low of $82.52 and a one year high of $152.49. The company’s fifty day simple moving average is $147.22 and its 200-day simple moving average is $136.21.
Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, July 25th. The construction company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.03. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Vulcan Materials had a net margin of 12.12% and a return on equity of 11.07%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 EPS. On average, sell-side analysts predict that Vulcan Materials will post 4.87 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, November 19th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, November 18th. Vulcan Materials’s dividend payout ratio (DPR) is presently 30.62%.
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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