Selz Capital LLC Cuts Holdings in Vulcan Materials (VMC)

Selz Capital LLC lowered its holdings in shares of Vulcan Materials (NYSE:VMC) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,820 shares of the construction company’s stock after selling 11,180 shares during the period. Vulcan Materials comprises 3.5% of Selz Capital LLC’s portfolio, making the stock its 11th largest holding. Selz Capital LLC’s holdings in Vulcan Materials were worth $15,881,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Morgan Stanley raised its position in Vulcan Materials by 28.1% during the second quarter. Morgan Stanley now owns 6,119,088 shares of the construction company’s stock worth $789,730,000 after acquiring an additional 1,341,129 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in 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 worth $379,010,000 after acquiring an additional 196,091 shares during the last quarter. Fred Alger Management Inc. raised its position in 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 worth $341,317,000 after acquiring an additional 952,138 shares during the last quarter. Principal Financial Group Inc. raised its position in 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 worth $230,251,000 after acquiring an additional 526,595 shares during the last quarter. Finally, Northern Trust Corp raised its position in Vulcan Materials by 6.0% during the second quarter. Northern Trust Corp now owns 1,518,794 shares of the construction company’s stock worth $196,016,000 after acquiring an additional 86,373 shares during the last quarter. Institutional investors own 97.07% of the company’s stock.

A number of brokerages have issued reports on VMC. Zacks Investment Research cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. Argus lowered their price target on shares of Vulcan Materials to $122.00 and set a “buy” rating for the company in a report on Monday, August 20th. ValuEngine downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Bank of America lowered their price target on shares of Vulcan Materials from $130.00 to $128.00 and set a “hold” rating for the company in a report on Wednesday, August 1st. Finally, Jefferies Financial Group upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a report on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Vulcan Materials has an average rating of “Hold” and an average price target of $129.00.

Shares of NYSE VMC traded down $4.46 during midday trading on Wednesday, reaching $96.44. 23,069 shares of the stock were exchanged, compared to its average volume of 1,330,194. The company has a market cap of $14.71 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 1.05 and a beta of 0.93. Vulcan Materials has a 52-week low of $98.70 and a 52-week high of $141.20. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.46 and a quick ratio of 0.96.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, July 31st. The construction company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.14). The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Vulcan Materials had a return on equity of 9.46% and a net margin of 15.72%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 earnings per share. On average, analysts anticipate that Vulcan Materials will post 4.31 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Wednesday, November 21st will be issued a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.16%. Vulcan Materials’s payout ratio is 36.84%.

Vulcan Materials Profile

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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