Chevy Chase Trust Holdings Inc. lifted its position in Vulcan Materials (NYSE:VMC) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,366 shares of the construction company’s stock after purchasing an additional 1,440 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Vulcan Materials worth $13,917,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sun Life Financial INC boosted its position in shares of Vulcan Materials by 10,666.7% in the 2nd quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock valued at $123,000 after purchasing an additional 960 shares during the period. Korea Investment CORP boosted its position in shares of Vulcan Materials by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock valued at $156,000 after purchasing an additional 718 shares during the period. Schroder Investment Management Group acquired a new stake in shares of Vulcan Materials in the 2nd quarter valued at about $187,000. Wetherby Asset Management Inc. acquired a new stake in shares of Vulcan Materials in the 2nd quarter valued at about $203,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of Vulcan Materials in the 2nd quarter valued at about $204,000. 89.10% of the stock is owned by hedge funds and other institutional investors.
Vulcan Materials (VMC) traded down $1.41 on Wednesday, reaching $121.51. The company’s stock had a trading volume of 1,225,700 shares, compared to its average volume of 1,262,013. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60. The stock has a market cap of $16,260.41, a P/E ratio of 41.39, a PEG ratio of 2.40 and a beta of 0.88. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $136.82.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.36). The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 earnings per share. analysts predict that Vulcan Materials will post 3.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Tuesday, November 21st. Vulcan Materials’s dividend payout ratio is presently 34.97%.
A number of analysts recently issued reports on the company. Barclays assumed coverage on Vulcan Materials in a research report on Tuesday. They issued an “overweight” rating and a $135.00 target price for the company. Zacks Investment Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Jefferies Group upped their price objective on Vulcan Materials from $122.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Bank of America reduced their price objective on Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $139.29.
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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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