Vulcan Materials (VMC) Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC decreased its holdings in shares of Vulcan Materials (NYSE:VMC) by 5.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the construction company’s stock after selling 1,000 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Vulcan Materials were worth $1,827,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Vulcan Materials by 18.4% during the 4th quarter. BlackRock Inc. now owns 10,394,204 shares of the construction company’s stock valued at $1,334,304,000 after purchasing an additional 1,614,350 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Vulcan Materials by 13.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,740,609 shares of the construction company’s stock valued at $312,895,000 after purchasing an additional 315,559 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Vulcan Materials by 3.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,542,748 shares of the construction company’s stock worth $326,414,000 after buying an additional 76,434 shares during the period. Fred Alger Management Inc. raised its stake in Vulcan Materials by 87.8% during the 4th quarter. Fred Alger Management Inc. now owns 1,639,575 shares of the construction company’s stock worth $210,472,000 after buying an additional 766,462 shares during the period. Finally, Caledonia Private Investments Pty Ltd raised its stake in Vulcan Materials by 4.6% during the 4th quarter. Caledonia Private Investments Pty Ltd now owns 1,474,352 shares of the construction company’s stock worth $189,263,000 after buying an additional 65,040 shares during the period. Institutional investors own 92.44% of the company’s stock.

A number of research analysts recently weighed in on VMC shares. Zacks Investment Research raised Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Wednesday, February 14th. Bank of America upped their price target on Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Citigroup upped their price target on Vulcan Materials from $144.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Jefferies Group reaffirmed a “hold” rating and set a $129.00 price target on shares of Vulcan Materials in a research note on Monday, April 23rd. Finally, Stephens set a $137.00 price target on Vulcan Materials and gave the stock a “buy” rating in a research note on Friday, April 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $141.56.

In other news, VP John R. Mcpherson sold 21,446 shares of the stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $125.88, for a total value of $2,699,622.48. Following the completion of the sale, the vice president now directly owns 102,610 shares of the company’s stock, valued at $12,916,546.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David P. Clement sold 1,828 shares of the stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $124.00, for a total value of $226,672.00. Following the completion of the sale, the insider now directly owns 5,340 shares of the company’s stock, valued at $662,160. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Shares of Vulcan Materials opened at $129.20 on Friday, Marketbeat Ratings reports. The company has a market capitalization of $16.95 billion, a PE ratio of 42.50, a P/E/G ratio of 1.37 and a beta of 0.99. Vulcan Materials has a 52 week low of $108.17 and a 52 week high of $141.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.73 and a quick ratio of 1.05.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, May 3rd. The construction company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.22 by $0.22. The firm had revenue of $854.00 million during the quarter, compared to the consensus estimate of $817.85 million. Vulcan Materials had a return on equity of 8.76% and a net margin of 15.40%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. equities research analysts predict that Vulcan Materials will post 4.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Thursday, May 24th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, May 23rd. Vulcan Materials’s dividend payout ratio (DPR) is presently 36.84%.

Vulcan Materials 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.

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

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