Russell Investments Group Ltd. Has $21.75 Million Position in Vulcan Materials (NYSE:VMC)

Russell Investments Group Ltd. cut its stake in Vulcan Materials (NYSE:VMC) by 2.5% during the third quarter, HoldingsChannel reports. The fund owned 144,497 shares of the construction company’s stock after selling 3,670 shares during the quarter. Russell Investments Group Ltd.’s holdings in Vulcan Materials were worth $21,745,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VMC. Nuveen Asset Management LLC increased its stake in shares of Vulcan Materials by 26,177.8% in the second quarter. Nuveen Asset Management LLC now owns 926,817 shares of the construction company’s stock worth $127,261,000 after acquiring an additional 923,290 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Vulcan Materials by 345.3% in the second quarter. Prudential Financial Inc. now owns 811,004 shares of the construction company’s stock worth $111,359,000 after acquiring an additional 628,893 shares during the last quarter. DF Dent & Co. Inc. increased its stake in shares of Vulcan Materials by 67.5% in the second quarter. DF Dent & Co. Inc. now owns 1,100,540 shares of the construction company’s stock worth $151,115,000 after acquiring an additional 443,451 shares during the last quarter. Columbus Circle Investors increased its stake in shares of Vulcan Materials by 241.6% in the second quarter. Columbus Circle Investors now owns 298,689 shares of the construction company’s stock worth $41,013,000 after acquiring an additional 211,258 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Vulcan Materials by 4,951.5% in the third quarter. Strs Ohio now owns 204,384 shares of the construction company’s stock worth $30,911,000 after acquiring an additional 200,338 shares during the last quarter. 95.38% of the stock is currently owned by institutional investors and hedge funds.

NYSE:VMC traded down $0.97 during trading hours on Friday, reaching $136.44. The company’s stock had a trading volume of 1,045,400 shares, compared to its average volume of 1,051,284. The company has a market cap of $18.66 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 1.62 and a beta of 0.91. Vulcan Materials has a one year low of $90.04 and a one year high of $152.49. The business’s 50-day moving average is $146.52 and its 200-day moving average is $137.95. 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 (NYSE:VMC) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.02). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.38 billion. Vulcan Materials had a return on equity of 11.07% and a net margin of 12.12%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.40 earnings per share. On average, sell-side analysts predict that Vulcan Materials will post 4.87 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Tuesday, November 19th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Monday, November 18th. Vulcan Materials’s dividend payout ratio is presently 30.62%.

In other Vulcan Materials news, insider Stanley G. Bass sold 2,406 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $141.94, for a total transaction of $341,507.64. Following the completion of the sale, the insider now directly owns 35,263 shares in the company, valued at $5,005,230.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stanley G. Bass sold 2,184 shares of the company’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 sale, the insider now owns 35,263 shares of the company’s stock, valued at $5,286,981.59. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

A number of research firms have recently weighed in on VMC. ValuEngine downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday. Argus set a $152.00 price target on shares of Vulcan Materials and gave the stock a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada upped their price target on shares of Vulcan Materials from $142.00 to $156.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Goldman Sachs Group downgraded shares of Vulcan Materials from a “conviction-buy” rating to a “buy” rating in a research note on Friday. Finally, Barclays upped their price target on shares of Vulcan Materials from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. Vulcan Materials currently has a consensus rating of “Buy” and a consensus target price of $149.81.

About Vulcan Materials

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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