Clearbridge Investments LLC increased its position in shares of Vulcan Materials (NYSE:VMC) by 10,537.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 328,062 shares of the construction company’s stock after purchasing an additional 324,978 shares during the quarter. Clearbridge Investments LLC’s holdings in Vulcan Materials were worth $42,113,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VMC. New Mexico Educational Retirement Board raised its position in Vulcan Materials by 3.2% in the fourth quarter. New Mexico Educational Retirement Board now owns 12,719 shares of the construction company’s stock worth $1,633,000 after acquiring an additional 400 shares during the period. MML Investors Services LLC raised its position in Vulcan Materials by 11.6% in the fourth quarter. MML Investors Services LLC now owns 3,933 shares of the construction company’s stock worth $505,000 after acquiring an additional 408 shares during the period. Rice Hall James & Associates LLC raised its position in Vulcan Materials by 3.6% in the fourth quarter. Rice Hall James & Associates LLC now owns 14,861 shares of the construction company’s stock worth $1,908,000 after acquiring an additional 514 shares during the period. Main Street Research LLC raised its position in Vulcan Materials by 0.7% in the fourth quarter. Main Street Research LLC now owns 89,649 shares of the construction company’s stock worth $11,508,000 after acquiring an additional 591 shares during the period. Finally, Capital Innovations LLC raised its position in Vulcan Materials by 24.9% in the fourth quarter. Capital Innovations LLC now owns 3,035 shares of the construction company’s stock worth $390,000 after acquiring an additional 605 shares during the period. Institutional investors and hedge funds own 92.29% of the company’s stock.

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Shares of Vulcan Materials (NYSE VMC) opened at $120.43 on Thursday. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $141.20. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.66 and a quick ratio of 1.80. The stock has a market cap of $16,029.05, a P/E ratio of 27.00, a PEG ratio of 1.26 and a beta of 0.95.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Friday, February 16th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. Vulcan Materials had a net margin of 3.17% and a return on equity of 2.57%. The company had revenue of $977.50 million for the quarter, compared to analyst estimates of $929.36 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. sell-side analysts expect that Vulcan Materials will post 4.4 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were given a $0.28 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.12 annualized dividend and a dividend yield of 0.93%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.25. Vulcan Materials’s payout ratio is 25.11%.

Several analysts have commented on VMC shares. Zacks Investment Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Barclays started coverage on shares of Vulcan Materials in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $135.00 price objective on the stock. SunTrust Banks set a $145.00 price objective on shares of Vulcan Materials and gave the stock a “buy” rating in a research report on Saturday, December 16th. Citigroup reaffirmed a “buy” rating and issued a $144.00 price objective on shares of Vulcan Materials in a research report on Tuesday, December 26th. Finally, Stephens reaffirmed a “buy” rating and issued a $158.00 price objective on shares of Vulcan Materials in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $145.11.

In related news, insider Michael R. Mills sold 3,738 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total transaction of $502,985.28. Following the sale, the insider now owns 44,581 shares of the company’s stock, valued at approximately $5,998,819.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 directly owns 45,351 shares in the company, valued at approximately $6,043,020.75. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

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

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