FIL Ltd reduced its stake in shares of Vulcan Materials Company (NYSE:VMC) by 12.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,206 shares of the construction company’s stock after selling 16,217 shares during the quarter. FIL Ltd owned about 0.08% of Vulcan Materials worth $13,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in VMC. UBS Asset Management Americas Inc. grew its holdings in Vulcan Materials by 6.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 327,582 shares of the construction company’s stock valued at $39,467,000 after buying an additional 20,289 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in Vulcan Materials by 14.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 21,419 shares of the construction company’s stock valued at $2,581,000 after buying an additional 2,733 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Vulcan Materials by 1.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 28,369 shares of the construction company’s stock valued at $3,418,000 after buying an additional 454 shares in the last quarter. Mason Street Advisors LLC grew its holdings in Vulcan Materials by 1.1% during the 1st quarter. Mason Street Advisors LLC now owns 18,291 shares of the construction company’s stock valued at $2,204,000 after buying an additional 192 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Vulcan Materials by 3.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 35,124 shares of the construction company’s stock valued at $4,231,000 after buying an additional 1,140 shares in the last quarter. 87.13% of the stock is owned by institutional investors and hedge funds.

In related news, insider David B. Pasley sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $121.51, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael R. Mills sold 981 shares of the business’s stock in a transaction that occurred on 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 owns 23,871 shares of the company’s stock, valued at $2,806,036.05. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

A number of brokerages have issued reports on VMC. BidaskClub raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Argus raised their target price on shares of Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, June 9th. Zacks Investment Research raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Tuesday, June 20th. Royal Bank Of Canada reissued a “buy” rating and issued a $154.00 target price on shares of Vulcan Materials in a report on Monday, June 19th. Finally, Stephens raised shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $140.00 to $145.00 in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Vulcan Materials presently has a consensus rating of “Hold” and a consensus target price of $136.00.

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Vulcan Materials Company (VMC) opened at 115.73 on Tuesday. The company has a 50 day moving average of $117.19 and a 200-day moving average of $122.24. Vulcan Materials Company has a 12-month low of $105.71 and a 12-month high of $138.18. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 37.26 and a beta of 0.94.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.32). Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that Vulcan Materials Company will post $3.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 23rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Monday, August 21st. Vulcan Materials’s payout ratio is 32.36%.

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

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