Vulcan Materials Company (VMC) Position Boosted by NEXT Financial Group Inc

NEXT Financial Group Inc boosted its position in shares of Vulcan Materials Company (NYSE:VMC) by 405.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,497 shares of the construction company’s stock after buying an additional 1,201 shares during the period. NEXT Financial Group Inc’s holdings in Vulcan Materials Company were worth $181,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VMC. World Asset Management Inc raised its position in Vulcan Materials Company by 2.0% in the third quarter. World Asset Management Inc now owns 13,184 shares of the construction company’s stock valued at $1,499,000 after buying an additional 256 shares in the last quarter. Advisors Asset Management Inc. raised its position in Vulcan Materials Company by 10.1% in the third quarter. Advisors Asset Management Inc. now owns 29,794 shares of the construction company’s stock valued at $3,388,000 after buying an additional 2,735 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position in Vulcan Materials Company by 0.9% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 207,988 shares of the construction company’s stock valued at $23,654,000 after buying an additional 1,919 shares in the last quarter. Wellington Shields Capital Management LLC raised its position in Vulcan Materials Company by 37.1% in the third quarter. Wellington Shields Capital Management LLC now owns 12,960 shares of the construction company’s stock valued at $1,474,000 after buying an additional 3,510 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its position in Vulcan Materials Company by 6.1% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,313 shares of the construction company’s stock valued at $149,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.

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

Vulcan Materials Company (NYSE:VMC) traded down 0.09% during trading on Friday, reaching $125.95. 774,375 shares of the company traded hands. The company’s 50-day moving average is $122.96 and its 200 day moving average is $123.66. Vulcan Materials Company has a 12 month low of $105.71 and a 12 month high of $138.18. The company has a market cap of $16.65 billion, a PE ratio of 40.29 and a beta of 1.19.

Vulcan Materials Company (NYSE:VMC) last released its quarterly earnings data on Wednesday, May 10th. The construction company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.12. Vulcan Materials Company had a net margin of 11.00% and a return on equity of 8.61%. The firm had revenue of $787 million during the quarter, compared to analysts’ expectations of $743.79 million. During the same period in the previous year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts anticipate that Vulcan Materials Company will post $4.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Wednesday, May 24th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 0.79%. Vulcan Materials Company’s dividend payout ratio (DPR) is 27.40%.

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Several research firms have weighed in on VMC. Citigroup Inc reiterated a “buy” rating on shares of Vulcan Materials Company in a research note on Thursday, May 11th. Zacks Investment Research upgraded shares of Vulcan Materials Company from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $133.29.

Vulcan Materials Company 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).

5 Day Chart for NYSE:VMC

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