Virtus Fund Advisers LLC boosted its position in Vulcan Materials (NYSE:VMC) by 4.2% in the fourth quarter, HoldingsChannel reports. The firm owned 532,450 shares of the construction company’s stock after buying an additional 21,681 shares during the quarter. Virtus Fund Advisers LLC’s holdings in Vulcan Materials were worth $68,351,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in Vulcan Materials in the fourth quarter worth $133,000. Tower Research Capital LLC TRC raised its holdings in Vulcan Materials by 1,140.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,451 shares of the construction company’s stock worth $187,000 after purchasing an additional 1,334 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Vulcan Materials in the fourth quarter worth $200,000. Cetera Advisor Networks LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter worth $208,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Vulcan Materials in the second quarter worth $218,000. Institutional investors and hedge funds own 88.78% of the company’s stock.
Shares of Vulcan Materials (VMC) opened at $126.57 on Friday. Vulcan Materials has a 12 month low of $108.95 and a 12 month high of $141.20. The company has a market capitalization of $16,743.31, a price-to-earnings ratio of 41.91, a PEG ratio of 1.77 and a beta of 0.84. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Friday, February 16th. The construction company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The company had revenue of $977.50 million for the quarter, compared to analysts’ expectations of $929.36 million. During the same period last year, the firm posted $0.69 earnings per share. Vulcan Materials’s revenue was up 12.0% compared to the same quarter last year. equities research analysts anticipate that Vulcan Materials will post 4.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a dividend yield of 0.88%. Vulcan Materials’s dividend payout ratio (DPR) is 22.42%.
In related news, insider Michael R. Mills sold 3,738 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total transaction of $502,985.28. Following the sale, the insider now directly owns 44,581 shares of the company’s stock, valued at $5,998,819.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael R. Mills sold 4,659 shares of the stock in a transaction on Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the sale, the insider now directly owns 45,351 shares in the company, valued at $6,043,020.75. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.
A number of research firms have recently commented on VMC. Zacks Investment Research raised Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Wednesday. Bank of America increased their target price on Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Jefferies Group increased their target price on Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Citigroup increased their target price on Vulcan Materials from $144.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Stephens reissued a “buy” rating and issued a $158.00 target price on shares of Vulcan Materials in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $146.00.
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).
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