Kiwi Wealth Investments Limited Partnership Trims Position in Vulcan Materials (VMC)

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Kiwi Wealth Investments Limited Partnership decreased its holdings in Vulcan Materials (NYSE:VMC) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,637 shares of the construction company’s stock after selling 4,843 shares during the quarter. Kiwi Wealth Investments Limited Partnership’s holdings in Vulcan Materials were worth $8,471,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sumitomo Life Insurance Co. grew its stake in Vulcan Materials by 4.5% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 9,549 shares of the construction company’s stock valued at $1,232,000 after acquiring an additional 411 shares during the last quarter. IFM Investors Pty Ltd grew its stake in Vulcan Materials by 11.0% in the 1st quarter. IFM Investors Pty Ltd now owns 4,414 shares of the construction company’s stock valued at $504,000 after acquiring an additional 439 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Vulcan Materials by 2.4% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 20,417 shares of the construction company’s stock valued at $2,635,000 after acquiring an additional 483 shares during the last quarter. Howard Capital Management grew its stake in Vulcan Materials by 0.4% in the 2nd quarter. Howard Capital Management now owns 113,716 shares of the construction company’s stock valued at $14,676,000 after acquiring an additional 496 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in Vulcan Materials by 25.1% in the 1st quarter. Schroder Investment Management Group now owns 2,489 shares of the construction company’s stock valued at $284,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

A number of brokerages recently commented on VMC. Argus lowered their price objective on shares of Vulcan Materials to $122.00 and set a “buy” rating on the stock in a research note on Monday, August 20th. Zacks Investment Research raised shares of Vulcan Materials from a “sell” rating to a “buy” rating and set a $138.00 price objective on the stock in a research note on Tuesday, July 24th. ValuEngine cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. Bank of America cut shares of Vulcan Materials from a “buy” rating to a “neutral” rating and set a $130.00 price objective on the stock. in a research note on Wednesday, July 25th. They noted that the move was a valuation call. Finally, Jefferies Financial Group raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $128.00 price objective on the stock in a research note on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $131.11.

In other news, VP John R. Mcpherson sold 21,618 shares of the stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $130.37, for a total transaction of $2,818,338.66. Following the transaction, the vice president now directly owns 102,610 shares in the company, valued at approximately $13,377,265.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stanley G. Bass sold 4,109 shares of the stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $130.00, for a total transaction of $534,170.00. Following the transaction, the insider now owns 31,569 shares in the company, valued at $4,103,970. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

NYSE:VMC opened at $110.22 on Friday. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 1.04 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.96 and a current ratio of 1.46. Vulcan Materials has a 12-month low of $108.17 and a 12-month high of $141.20.

Vulcan Materials (NYSE:VMC) last released its earnings results on Tuesday, July 31st. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.14). The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Vulcan Materials had a net margin of 15.72% and a return on equity of 9.46%. Vulcan Materials’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the company posted $0.89 earnings per share. analysts forecast that Vulcan Materials will post 4.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Wednesday, August 22nd will be issued a $0.28 dividend. The ex-dividend date is Tuesday, August 21st. This represents a $1.12 dividend on an annualized basis and a yield of 1.02%. Vulcan Materials’s dividend payout ratio (DPR) is 36.84%.

About Vulcan Materials

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.

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

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