MetLife Investment Advisors LLC lowered its stake in shares of Vulcan Materials (NYSE:VMC) by 2.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 38,912 shares of the construction company’s stock after selling 957 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Vulcan Materials were worth $5,022,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Morgan Stanley increased its holdings in shares of Vulcan Materials by 28.1% during the second quarter. Morgan Stanley now owns 6,119,088 shares of the construction company’s stock valued at $789,730,000 after acquiring an additional 1,341,129 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Vulcan Materials by 7.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,936,700 shares of the construction company’s stock valued at $379,010,000 after acquiring an additional 196,091 shares in the last quarter. Fred Alger Management Inc. increased its holdings in shares of Vulcan Materials by 56.3% during the second quarter. Fred Alger Management Inc. now owns 2,644,635 shares of the construction company’s stock valued at $341,317,000 after acquiring an additional 952,138 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Vulcan Materials by 35.3% during the first quarter. Principal Financial Group Inc. now owns 2,016,741 shares of the construction company’s stock valued at $230,251,000 after acquiring an additional 526,595 shares in the last quarter. Finally, Caledonia Private Investments Pty Ltd increased its holdings in shares of Vulcan Materials by 11.4% during the first quarter. Caledonia Private Investments Pty Ltd now owns 1,642,585 shares of the construction company’s stock valued at $187,534,000 after acquiring an additional 168,233 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Shares of NYSE:VMC opened at $110.96 on Tuesday. Vulcan Materials has a twelve month low of $106.10 and a twelve month high of $141.20. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.96 and a current ratio of 1.46. The company has a market capitalization of $14.71 billion, a P/E ratio of 32.23, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, July 31st. The construction company reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.14). Vulcan Materials had a return on equity of 9.46% and a net margin of 15.72%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the company posted $0.89 EPS. Vulcan Materials’s quarterly revenue was up 16.4% compared to the same quarter last year. analysts forecast that Vulcan Materials will post 4.3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Wednesday, August 22nd were issued a $0.28 dividend. The ex-dividend date was Tuesday, August 21st. This represents a $1.12 annualized dividend and a yield of 1.01%. Vulcan Materials’s dividend payout ratio (DPR) is presently 36.84%.

Several equities analysts have recently issued reports on VMC shares. Zacks Investment Research downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. Bank of America downgraded shares of Vulcan Materials from a “buy” rating to a “neutral” rating and set a $130.00 price target on the stock. in a report on Wednesday, July 25th. They noted that the move was a valuation call. ValuEngine downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. Jefferies Financial Group upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a report on Wednesday, August 1st. Finally, Royal Bank of Canada upgraded shares of Vulcan Materials from a “sector perform” rating to an “outperform” rating and set a $97.00 price target on the stock in a report on Wednesday, August 1st. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $131.11.

About Vulcan Materials

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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

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