Grandfield & Dodd LLC maintained its stake in shares of Vulcan Materials Co. (NYSE:VMC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,724 shares of the company’s stock at the end of the second quarter. Grandfield & Dodd LLC’s holdings in Vulcan Materials were worth $3,698,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in VMC. JPMorgan Chase & Co. raised its stake in shares of Vulcan Materials by 31.8% in the first quarter. JPMorgan Chase & Co. now owns 4,109,166 shares of the company’s stock worth $433,805,000 after buying an additional 991,253 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Vulcan Materials by 3,591.2% in the second quarter. American Century Companies Inc. now owns 597,944 shares of the company’s stock worth $71,969,000 after buying an additional 581,745 shares during the last quarter. Capital Growth Management LP purchased a new stake in shares of Vulcan Materials during the first quarter worth approximately $56,480,000. Friess Associates LLC purchased a new stake in shares of Vulcan Materials during the first quarter worth approximately $16,629,000. Finally, Caledonia Private Investments Pty Ltd raised its stake in shares of Vulcan Materials by 19.3% in the first quarter. Caledonia Private Investments Pty Ltd now owns 753,253 shares of the company’s stock worth $79,521,000 after buying an additional 121,944 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.
Vulcan Materials Co. (NYSE:VMC) traded up 0.13% during midday trading on Tuesday, reaching $110.84. The company’s stock had a trading volume of 1,387,376 shares. The firm has a market cap of $14.75 billion, a P/E ratio of 42.29 and a beta of 1.19. Vulcan Materials Co. has a 52-week low of $78.83 and a 52-week high of $127.20. The firm has a 50 day moving average of $113.79 and a 200 day moving average of $114.86.
Vulcan Materials (NYSE:VMC) last posted its earnings results on Monday, August 1st. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.00 by $0.10. The firm earned $956.80 million during the quarter, compared to the consensus estimate of $1.01 billion. Vulcan Materials had a net margin of 9.85% and a return on equity of 8.74%. Vulcan Materials’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share. Analysts anticipate that Vulcan Materials Co. will post $3.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 24th were given a $0.20 dividend. The ex-dividend date was Monday, August 22nd. This represents a $0.80 annualized dividend and a yield of 0.72%. Vulcan Materials’s dividend payout ratio is presently 30.65%.
Several equities analysts have recently issued reports on the company. Alembic Global Advisors assumed coverage on Vulcan Materials in a research report on Thursday, June 9th. They set a “neutral” rating and a $125.00 target price for the company. Goldman Sachs Group Inc. lowered Vulcan Materials from a “conviction-buy” rating to a “buy” rating and boosted their target price for the stock from $128.00 to $146.00 in a research report on Wednesday, June 8th. Jefferies Group restated a “hold” rating on shares of Vulcan Materials in a research report on Wednesday, August 31st. Royal Bank Of Canada boosted their target price on Vulcan Materials from $127.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 12th. Finally, Bank of America Corp. restated a “buy” rating on shares of Vulcan Materials in a research report on Friday, June 17th. 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. Vulcan Materials has an average rating of “Buy” and a consensus target price of $128.22.
In other Vulcan Materials news, insider Stanley G. Bass sold 829 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $121.07, for a total value of $100,367.03. Following the completion of the transaction, the insider now directly owns 15,185 shares in the company, valued at $1,838,447.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David B. Pasley sold 280 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $117.55, for a total value of $32,914.00. Following the completion of the transaction, the insider now owns 2,470 shares of the company’s stock, valued at $290,348.50. The disclosure for this sale can be found here. 0.92% of the stock is owned by company insiders.
About Vulcan Materials
Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company has four segments organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Company operates approximately 344 aggregates facilities.
Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials Co. (NYSE:VMC).
Receive News & Ratings for Vulcan Materials Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials Co. and related companies with MarketBeat.com's FREE daily email newsletter.