Andra AP fonden boosted its position in shares of Vulcan Materials (NYSE:VMC) by 62.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,500 shares of the construction company’s stock after acquiring an additional 7,100 shares during the period. Andra AP fonden’s holdings in Vulcan Materials were worth $2,798,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC acquired a new position in Vulcan Materials during the 3rd quarter worth approximately $25,000. Coastal Investment Advisors Inc. grew its holdings in Vulcan Materials by 1,550.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 198 shares of the construction company’s stock worth $27,000 after acquiring an additional 186 shares in the last quarter. FinTrust Capital Advisors LLC grew its holdings in Vulcan Materials by 136.9% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 244 shares of the construction company’s stock worth $33,000 after acquiring an additional 141 shares in the last quarter. NEXT Financial Group Inc grew its holdings in Vulcan Materials by 46.4% during the 3rd quarter. NEXT Financial Group Inc now owns 303 shares of the construction company’s stock worth $46,000 after acquiring an additional 96 shares in the last quarter. Finally, CSat Investment Advisory L.P. grew its holdings in Vulcan Materials by 109.4% during the 2nd quarter. CSat Investment Advisory L.P. now owns 358 shares of the construction company’s stock worth $49,000 after acquiring an additional 187 shares in the last quarter. Institutional investors own 92.04% of the company’s stock.
VMC has been the subject of several analyst reports. Vertical Research initiated coverage on shares of Vulcan Materials in a report on Tuesday, October 22nd. They set a “hold” rating and a $160.00 price target for the company. Exane BNP Paribas initiated coverage on shares of Vulcan Materials in a report on Wednesday, October 9th. They set an “underperform” rating for the company. JPMorgan Chase & Co. boosted their price target on shares of Vulcan Materials from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. BNP Paribas started coverage on shares of Vulcan Materials in a report on Wednesday, October 9th. They issued an “underperform” rating for the company. Finally, Barclays upped their target price on shares of Vulcan Materials from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $152.38.
Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, November 6th. The construction company reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.02). Vulcan Materials had a net margin of 12.43% and a return on equity of 11.55%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company posted $1.40 EPS. The company’s quarterly revenue was up 14.4% on a year-over-year basis. On average, analysts forecast that Vulcan Materials will post 4.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, November 19th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Monday, November 18th. Vulcan Materials’s payout ratio is 30.62%.
In related news, insider Fehlberg Barry 1,000,000 shares of the stock in a transaction dated Tuesday, November 26th. Also, insider Stanley G. Bass sold 2,184 shares of the company’s stock in a transaction on 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 sale, the insider now owns 35,263 shares of the company’s stock, valued at approximately $5,286,981.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,233 shares of company stock valued at $759,386. 0.79% of the stock is owned by insiders.
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.
Featured Story: What is a capital gain?
Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials (NYSE:VMC).
Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.