Caledonia Private Investments Pty Ltd grew its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,409,312 shares of the construction company’s stock after buying an additional 68,482 shares during the quarter. Vulcan Materials makes up 4.9% of Caledonia Private Investments Pty Ltd’s portfolio, making the stock its 5th largest position. Caledonia Private Investments Pty Ltd owned about 1.07% of Vulcan Materials worth $168,554,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Vulcan Materials by 17.7% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 53,226 shares of the construction company’s stock worth $6,366,000 after buying an additional 8,000 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Vulcan Materials by 6.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 17,910 shares of the construction company’s stock worth $2,142,000 after buying an additional 1,073 shares in the last quarter. Bluestein R H & Co. lifted its position in Vulcan Materials by 1,925.7% during the 3rd quarter. Bluestein R H & Co. now owns 173,100 shares of the construction company’s stock worth $20,703,000 after buying an additional 164,555 shares in the last quarter. Cramer Rosenthal Mcglynn LLC lifted its position in Vulcan Materials by 48.9% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 689,099 shares of the construction company’s stock worth $82,416,000 after buying an additional 226,335 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new stake in Vulcan Materials during the 3rd quarter worth about $13,548,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Michael R. Mills sold 981 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total value of $115,316.55. Following the transaction, the insider now owns 23,871 shares in the company, valued at approximately $2,806,036.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.89% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently issued reports on VMC shares. Zacks Investment Research cut shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Jefferies Group upped their target price on shares of Vulcan Materials from $122.00 to $128.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Citigroup reaffirmed a “buy” rating and issued a $140.00 target price (down from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Bank of America dropped their target price on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $154.00 target price on shares of Vulcan Materials in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Vulcan Materials presently has an average rating of “Hold” and a consensus price target of $140.00.
Shares of Vulcan Materials Company (NYSE:VMC) traded down $2.54 during mid-day trading on Wednesday, hitting $122.71. 1,026,000 shares of the stock were exchanged, compared to its average volume of 1,260,346. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22. The company has a market cap of $16,568.63, a PE ratio of 42.17, a price-to-earnings-growth ratio of 2.44 and a beta of 0.88. Vulcan Materials Company has a 12 month low of $108.95 and a 12 month high of $136.82.
Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 earnings per share. research analysts anticipate that Vulcan Materials Company will post 3.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.81%. Vulcan Materials’s payout ratio is 34.97%.
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About Vulcan Materials
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).
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