Next Century Growth Investors LLC Has $2.48 Million Position in Vulcan Materials (VMC)
Next Century Growth Investors LLC trimmed its stake in shares of Vulcan Materials (NYSE:VMC) by 23.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,282 shares of the construction company’s stock after selling 5,792 shares during the quarter. Next Century Growth Investors LLC’s holdings in Vulcan Materials were worth $2,475,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in VMC. BlackRock Inc. increased its stake in Vulcan Materials by 18.4% in the 4th quarter. BlackRock Inc. now owns 10,394,204 shares of the construction company’s stock worth $1,334,304,000 after acquiring an additional 1,614,350 shares during the last quarter. Third Point LLC increased its stake in Vulcan Materials by 46.9% in the 3rd quarter. Third Point LLC now owns 2,350,000 shares of the construction company’s stock worth $281,060,000 after acquiring an additional 750,000 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Vulcan Materials by 116.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,038,752 shares of the construction company’s stock worth $124,235,000 after acquiring an additional 558,900 shares during the last quarter. CI Investments Inc. bought a new position in Vulcan Materials in the 3rd quarter worth about $55,271,000. Finally, Principal Financial Group Inc. increased its stake in Vulcan Materials by 71.2% in the 3rd quarter. Principal Financial Group Inc. now owns 949,062 shares of the construction company’s stock worth $113,508,000 after acquiring an additional 394,854 shares during the last quarter. Institutional investors own 89.22% of the company’s stock.
VMC has been the topic of a number of research analyst reports. Citigroup upped their target price on Vulcan Materials from $144.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Bank of America upped their target price on Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Zacks Investment Research cut Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Saturday, January 6th. Stephens reiterated a “buy” rating and issued a $158.00 price objective on shares of Vulcan Materials in a report on Wednesday, January 3rd. Finally, SunTrust Banks set a $145.00 price objective on Vulcan Materials and gave the stock a “buy” rating in a report on Saturday, December 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $145.11.
Vulcan Materials (NYSE VMC) opened at $117.74 on Friday. Vulcan Materials has a fifty-two week low of $108.95 and a fifty-two week high of $141.20. The company has a quick ratio of 1.00, a current ratio of 2.66 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $15,598.43, a PE ratio of 38.99, a PEG ratio of 1.22 and a beta of 0.95.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Friday, February 16th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Vulcan Materials had a return on equity of 8.68% and a net margin of 15.45%. The firm had revenue of $977.50 million during the quarter, compared to analysts’ expectations of $929.36 million. During the same period in the prior year, the business earned $0.69 EPS. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. research analysts anticipate that Vulcan Materials will post 4.4 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a $0.28 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, February 22nd. Vulcan Materials’s dividend payout ratio is presently 25.11%.
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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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