Dupont Capital Management Corp purchased a new position in shares of Vulcan Materials (NYSE:VMC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,380 shares of the construction company’s stock, valued at approximately $637,000.
Several other large investors have also recently added to or reduced their stakes in VMC. Legal & General Group Plc raised its holdings in shares of Vulcan Materials by 2.3% during the third quarter. Legal & General Group Plc now owns 591,166 shares of the construction company’s stock valued at $65,738,000 after acquiring an additional 13,138 shares during the period. Vanguard Group Inc grew its position in Vulcan Materials by 0.3% during the third quarter. Vanguard Group Inc now owns 13,964,379 shares of the construction company’s stock valued at $1,552,839,000 after purchasing an additional 46,860 shares in the last quarter. Marshall Wace LLP purchased a new position in Vulcan Materials during the third quarter valued at approximately $649,000. Cerebellum GP LLC purchased a new position in Vulcan Materials during the fourth quarter valued at approximately $255,000. Finally, State of Alaska Department of Revenue grew its position in Vulcan Materials by 0.5% during the fourth quarter. State of Alaska Department of Revenue now owns 23,039 shares of the construction company’s stock valued at $2,274,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 96.67% of the company’s stock.
Shares of Vulcan Materials stock opened at $128.94 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.64 and a debt-to-equity ratio of 0.61. Vulcan Materials has a 1-year low of $82.52 and a 1-year high of $133.59. The firm has a market capitalization of $17.03 billion, a PE ratio of 31.84, a PEG ratio of 1.85 and a beta of 0.94.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.13. Vulcan Materials had a net margin of 11.63% and a return on equity of 10.60%. The business had revenue of $996.50 million during the quarter, compared to analysts’ expectations of $915.68 million. During the same period in the previous year, the company earned $0.44 earnings per share. Vulcan Materials’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, analysts anticipate that Vulcan Materials will post 4.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.96%. Vulcan Materials’s payout ratio is 30.62%.
In other news, insider David P. Clement sold 2,789 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $114.28, for a total value of $318,726.92. Following the completion of the sale, the insider now directly owns 4,340 shares in the company, valued at $495,975.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.79% of the stock is currently owned by insiders.
VMC has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price objective on shares of Vulcan Materials to $133.00 and gave the company a “buy” rating in a research report on Friday, February 15th. TheStreet raised shares of Vulcan Materials from a “c+” rating to a “b-” rating in a research report on Friday, February 1st. JPMorgan Chase & Co. began coverage on shares of Vulcan Materials in a research report on Thursday, March 21st. They issued an “overweight” rating and a $135.00 target price for the company. Barclays reissued a “buy” rating and issued a $137.00 target price on shares of Vulcan Materials in a research report on Sunday, May 5th. Finally, Berenberg Bank began coverage on shares of Vulcan Materials in a research report on Wednesday, April 3rd. They issued a “hold” rating and a $115.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $124.15.
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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.
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