GSA Capital Partners LLP Takes Position in Vulcan Materials (VMC)
GSA Capital Partners LLP acquired a new stake in Vulcan Materials (NYSE:VMC) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 1,938 shares of the construction company’s stock, valued at approximately $232,000.
Other institutional investors and hedge funds have also modified their holdings of the company. New England Research & Management Inc. acquired a new position in shares of Vulcan Materials in the 3rd quarter valued at approximately $287,000. Caxton Associates LP grew its position in shares of Vulcan Materials by 166.7% in the 2nd quarter. Caxton Associates LP now owns 120,000 shares of the construction company’s stock valued at $15,202,000 after purchasing an additional 75,000 shares during the period. Global X MANAGEMENT CO LLC grew its position in shares of Vulcan Materials by 20.9% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,222 shares of the construction company’s stock valued at $864,000 after purchasing an additional 1,247 shares during the period. Quantitative Systematic Strategies LLC grew its position in shares of Vulcan Materials by 178.1% in the 3rd quarter. Quantitative Systematic Strategies LLC now owns 16,514 shares of the construction company’s stock valued at $1,975,000 after purchasing an additional 10,576 shares during the period. Finally, Candriam Luxembourg S.C.A. grew its position in shares of Vulcan Materials by 29.1% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 72,900 shares of the construction company’s stock valued at $8,719,000 after purchasing an additional 16,428 shares during the period. Institutional investors and hedge funds own 89.02% of the company’s stock.
In other news, insider Michael R. Mills sold 4,659 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $133.25, for a total transaction of $620,811.75. Following the sale, the insider now owns 45,351 shares in the company, valued at approximately $6,043,020.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.89% of the company’s stock.
Several equities research analysts have commented on VMC shares. Zacks Investment Research cut Vulcan Materials from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 6th. Stephens restated a “buy” rating and issued a $158.00 target price on shares of Vulcan Materials in a research note on Wednesday, January 3rd. Jefferies Group boosted their target price on Vulcan Materials from $122.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Citigroup restated a “buy” rating and issued a $140.00 target price (down previously from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. Finally, Bank of America cut their target price on Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $142.13.
Shares of Vulcan Materials (NYSE:VMC) opened at $133.97 on Friday. The company has a market capitalization of $17,720.00, a P/E ratio of 45.72, a price-to-earnings-growth ratio of 1.96 and a beta of 0.87. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34. Vulcan Materials has a 12 month low of $108.95 and a 12 month high of $136.82.
Vulcan Materials (NYSE:VMC) last released its earnings results 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). Vulcan Materials had a net margin of 10.06% and a return on equity of 9.51%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The company’s revenue was up 8.6% on a year-over-year basis. equities research analysts expect that Vulcan Materials will post 3.01 earnings per share for the current fiscal year.
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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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