Capital Fund Management S.A. Sells 214,505 Shares of Vulcan Materials Company (VMC)
Capital Fund Management S.A. lessened its stake in shares of Vulcan Materials Company (NYSE:VMC) by 97.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,061 shares of the construction company’s stock after selling 214,505 shares during the quarter. Capital Fund Management S.A.’s holdings in Vulcan Materials were worth $768,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Vulcan Materials by 3.2% during the first quarter. Vanguard Group Inc. now owns 13,039,804 shares of the construction company’s stock worth $1,571,036,000 after purchasing an additional 409,777 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Vulcan Materials by 2,909.7% during the first quarter. BlackRock Inc. now owns 8,067,195 shares of the construction company’s stock worth $971,936,000 after purchasing an additional 7,799,158 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Vulcan Materials by 2.7% during the second quarter. JPMorgan Chase & Co. now owns 4,774,421 shares of the construction company’s stock worth $604,822,000 after purchasing an additional 127,405 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Vulcan Materials by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 2,617,707 shares of the construction company’s stock worth $331,609,000 after purchasing an additional 58,520 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Vulcan Materials by 9.4% during the first quarter. Geode Capital Management LLC now owns 1,249,739 shares of the construction company’s stock worth $150,345,000 after purchasing an additional 107,089 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.
Vulcan Materials Company (NYSE VMC) opened at 113.21 on Friday. Vulcan Materials Company has a 1-year low of $105.71 and a 1-year high of $138.18. The firm has a market cap of $14.97 billion, a PE ratio of 36.45 and a beta of 0.94. The company has a 50 day moving average price of $117.66 and a 200 day moving average price of $122.33.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.32). The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.07 billion. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 earnings per share. On average, equities research analysts forecast that Vulcan Materials Company will post $3.40 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, August 21st. Vulcan Materials’s dividend payout ratio is currently 32.36%.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, June 20th. BidaskClub cut Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Jefferies Group LLC set a $114.00 price objective on Vulcan Materials and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $140.00 to $145.00 in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a research note on Monday, June 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Vulcan Materials presently has a consensus rating of “Hold” and a consensus price target of $136.00.
In other news, insider Michael R. Mills sold 981 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total value of $115,316.55. Following the sale, the insider now directly owns 23,871 shares of the company’s stock, valued at $2,806,036.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David B. Pasley sold 1,250 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $121.51, for a total value of $151,887.50. Following the completion of the sale, the insider now directly owns 2,857 shares in the company, valued at $347,154.07. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.
About Vulcan Materials
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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