C M Bidwell & Associates Ltd. Purchases New Holdings in Vulcan Materials Company (VMC)

C M Bidwell & Associates Ltd. purchased a new stake in Vulcan Materials Company (NYSE:VMC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,100 shares of the construction company’s stock, valued at approximately $2,800,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sun Life Financial INC raised its holdings in Vulcan Materials by 10,666.7% in the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock valued at $123,000 after buying an additional 960 shares during the period. NN Investment Partners Holdings N.V. raised its holdings in Vulcan Materials by 25.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock valued at $126,000 after buying an additional 200 shares during the period. Korea Investment CORP raised its holdings in Vulcan Materials by 140.5% in the second quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock valued at $156,000 after buying an additional 718 shares during the period. Schroder Investment Management Group purchased a new position in Vulcan Materials in the second quarter valued at approximately $187,000. Finally, Wetherby Asset Management Inc. purchased a new position in Vulcan Materials in the second quarter valued at approximately $203,000. Hedge funds and other institutional investors own 87.13% of the company’s stock.

Several research firms recently commented on VMC. Royal Bank Of Canada restated a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a report on Monday, June 19th. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Jefferies Group LLC set a $114.00 price target on shares of Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, August 22nd. BidaskClub upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Stephens upgraded shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $140.00 to $145.00 in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $134.50.

ILLEGAL ACTIVITY WARNING: “C M Bidwell & Associates Ltd. Purchases New Holdings in Vulcan Materials Company (VMC)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/08/c-m-bidwell-associates-ltd-purchases-new-holdings-in-vulcan-materials-company-vmc.html.

Vulcan Materials Company (VMC) traded down 0.52% during mid-day trading on Friday, hitting $120.25. 1,220,599 shares of the stock were exchanged. Vulcan Materials Company has a 52 week low of $105.71 and a 52 week high of $138.18. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 38.72 and a beta of 0.87. The company has a 50 day moving average price of $117.40 and a 200 day moving average price of $122.22.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.32). Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts expect that Vulcan Materials Company will post $3.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 23rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.00 annualized dividend and a yield of 0.83%. Vulcan Materials’s dividend payout ratio (DPR) is currently 32.36%.

In other news, insider Michael R. Mills sold 981 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the transaction, the insider now directly owns 23,871 shares in the company, valued at $2,806,036.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David B. Pasley sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $121.51, for a total value of $151,887.50. Following the transaction, the insider now owns 2,857 shares of the company’s

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sun Life Financial INC raised its holdings in Vulcan Materials by 10,666.7% in the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock valued at $123,000 after buying an additional 960 shares during the period. NN Investment Partners Holdings N.V. raised its holdings in Vulcan Materials by 25.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock valued at $126,000 after buying an additional 200 shares during the period. Korea Investment CORP raised its holdings in Vulcan Materials by 140.5% in the second quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock valued at $156,000 after buying an additional 718 shares during the period. Schroder Investment Management Group purchased a new position in Vulcan Materials in the second quarter valued at approximately $187,000. Finally, Wetherby Asset Management Inc. purchased a new position in Vulcan Materials in the second quarter valued at approximately $203,000. Hedge funds and other institutional investors own 87.13% of the company’s stock.

Several research firms recently commented on VMC. Royal Bank Of Canada restated a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a report on Monday, June 19th. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Jefferies Group LLC set a $114.00 price target on shares of Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, August 22nd. BidaskClub upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Stephens upgraded shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $140.00 to $145.00 in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $134.50.

ILLEGAL ACTIVITY WARNING: “C M Bidwell & Associates Ltd. Purchases New Holdings in Vulcan Materials Company (VMC)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/08/c-m-bidwell-associates-ltd-purchases-new-holdings-in-vulcan-materials-company-vmc.html.

Vulcan Materials Company (VMC) traded down 0.52% during mid-day trading on Friday, hitting $120.25. 1,220,599 shares of the stock were exchanged. Vulcan Materials Company has a 52 week low of $105.71 and a 52 week high of $138.18. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 38.72 and a beta of 0.87. The company has a 50 day moving average price of $117.40 and a 200 day moving average price of $122.22.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.32). Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts expect that Vulcan Materials Company will post $3.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 23rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.00 annualized dividend and a yield of 0.83%. Vulcan Materials’s dividend payout ratio (DPR) is currently 32.36%.

In other news, insider Michael R. Mills sold 981 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the transaction, the insider now directly owns 23,871 shares in the company, valued at $2,806,036.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David B. Pasley sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $121.51, for a total value of $151,887.50. Following the transaction, the insider now owns 2,857 shares of the company’s stock, valued at $347,154.07. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

Vulcan Materials Profile

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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

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