DekaBank Deutsche Girozentrale lifted its stake in Vulcan Materials (NYSE:VMC) by 4.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 29,066 shares of the construction company’s stock after purchasing an additional 1,116 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Vulcan Materials were worth $3,818,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manning & Napier Group LLC purchased a new position in Vulcan Materials during the 2nd quarter worth $68,096,000. FIL Ltd grew its stake in Vulcan Materials by 385.9% during the 2nd quarter. FIL Ltd now owns 412,120 shares of the construction company’s stock worth $47,745,000 after buying an additional 327,303 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Vulcan Materials by 79.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 706,296 shares of the construction company’s stock worth $81,824,000 after buying an additional 312,775 shares during the last quarter. Waverton Investment Management Ltd purchased a new position in Vulcan Materials during the 3rd quarter worth $42,065,000. Finally, FMR LLC grew its stake in Vulcan Materials by 31.0% during the 2nd quarter. FMR LLC now owns 1,257,970 shares of the construction company’s stock valued at $145,736,000 after purchasing an additional 297,346 shares during the last quarter. 88.61% of the stock is owned by hedge funds and other institutional investors.
Shares of Vulcan Materials stock opened at $136.36 on Thursday. The business has a 50 day simple moving average of $140.39 and a two-hundred day simple moving average of $122.94. Vulcan Materials has a 12 month low of $65.56 and a 12 month high of $153.88. The stock has a market capitalization of $18.06 billion, a P/E ratio of 28.95, a PEG ratio of 2.44 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.95 and a quick ratio of 1.52.
Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, August 4th. The construction company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.21. Vulcan Materials had a return on equity of 11.46% and a net margin of 12.60%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $1.48 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Vulcan Materials will post 4.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Tuesday, November 17th will be given a $0.34 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.00%. Vulcan Materials’s dividend payout ratio (DPR) is presently 28.94%.
VMC has been the topic of several research analyst reports. Argus downgraded Vulcan Materials from a “buy” rating to a “hold” rating in a research note on Tuesday, September 1st. TheStreet upgraded Vulcan Materials from a “c+” rating to a “b-” rating in a research note on Tuesday, August 4th. Citigroup boosted their price target on Vulcan Materials from $147.00 to $151.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. SunTrust Banks boosted their price target on Vulcan Materials from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. cut Vulcan Materials from an “overweight” rating to a “neutral” rating and set a $145.00 price objective for the company. in a report on Thursday, August 6th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $136.06.
Vulcan Materials Profile
Vulcan Materials Company produces and supplies construction materials primarily in the United States. The company operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.
Further Reading: Insider Trading
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