Mcmillion Capital Management Inc. raised its stake in Vulcan Materials Company (NYSE:VMC) by 0.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 21,645 shares of the construction company’s stock after buying an additional 10 shares during the period. Vulcan Materials comprises approximately 1.8% of Mcmillion Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. Mcmillion Capital Management Inc.’s holdings in Vulcan Materials were worth $2,608,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Gilder Gagnon Howe & Co. LLC purchased a new position in Vulcan Materials during the first quarter worth $105,000. Alexandria Capital LLC boosted its position in Vulcan Materials by 32.3% in the first quarter. Alexandria Capital LLC now owns 1,230 shares of the construction company’s stock worth $148,000 after buying an additional 300 shares during the period. NEXT Financial Group Inc boosted its position in Vulcan Materials by 405.7% in the first quarter. NEXT Financial Group Inc now owns 1,497 shares of the construction company’s stock worth $181,000 after buying an additional 1,201 shares during the period. Barings LLC purchased a new position in Vulcan Materials during the fourth quarter worth $221,000. Finally, Point72 Asia Hong Kong Ltd purchased a new position in Vulcan Materials during the first quarter worth $228,000. Institutional investors own 86.03% of the company’s stock.
Vulcan Materials Company (NYSE VMC) traded down 0.03% on Friday, hitting $124.00. 1,667,818 shares of the stock were exchanged. The stock’s 50 day moving average price is $127.78 and its 200 day moving average price is $124.18. The firm has a market cap of $16.39 billion, a PE ratio of 39.67 and a beta of 0.94. Vulcan Materials Company has a 52-week low of $105.71 and a 52-week high of $138.18.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, May 10th. The construction company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The firm had revenue of $787 million during the quarter, compared to the consensus estimate of $743.79 million. Vulcan Materials had a return on equity of 8.80% and a net margin of 11.61%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.26 EPS. Equities research analysts forecast that Vulcan Materials Company will post $4.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.81%. The ex-dividend date is Monday, August 21st. Vulcan Materials’s dividend payout ratio is currently 32.15%.
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A number of research firms have weighed in on VMC. BidaskClub upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Argus boosted their price objective on shares of Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Tuesday, June 20th. Royal Bank Of Canada reiterated a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a research report on Monday, June 19th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Vulcan Materials in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $138.60.
In other Vulcan Materials news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of Vulcan Materials stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $40,392.00. Following the completion of the transaction, the general counsel now directly owns 5,292 shares of the company’s stock, valued at approximately $698,544. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stanley G. Bass sold 4,413 shares of Vulcan Materials stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $582,516.00. Following the completion of the transaction, the insider now directly owns 21,939 shares of the company’s stock, valued at $2,895,948. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,743 shares of company stock valued at $876,515. 0.89% of the stock is currently owned by corporate insiders.
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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