ABC Arbitrage SA Invests $5.82 Million in Vulcan Materials Company $VMC

ABC Arbitrage SA purchased a new stake in shares of Vulcan Materials Company (NYSE:VMC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 20,408 shares of the construction company’s stock, valued at approximately $5,821,000.

Several other institutional investors and hedge funds also recently bought and sold shares of VMC. Westside Investment Management Inc. lifted its position in shares of Vulcan Materials by 100.0% during the third quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock worth $25,000 after acquiring an additional 42 shares in the last quarter. NBT Bank N A NY bought a new position in Vulcan Materials in the 4th quarter worth about $26,000. Greykasell Wealth Strategies Inc. bought a new stake in shares of Vulcan Materials during the third quarter valued at about $29,000. Godsey & Gibb Inc. purchased a new stake in shares of Vulcan Materials in the fourth quarter worth about $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Vulcan Materials in the third quarter worth about $30,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on VMC. B. Riley Financial started coverage on shares of Vulcan Materials in a research note on Thursday, January 15th. They set a “buy” rating and a $345.00 price objective for the company. Morgan Stanley lowered their price objective on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Stifel Nicolaus set a $333.00 price objective on Vulcan Materials in a research note on Thursday, April 30th. Zacks Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $329.62.

Vulcan Materials Stock Down 0.4%

VMC opened at $282.65 on Tuesday. The business’s fifty day simple moving average is $282.35 and its 200 day simple moving average is $292.51. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. The stock has a market cap of $36.68 billion, a PE ratio of 33.61, a P/E/G ratio of 2.06 and a beta of 1.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 EPS. As a group, research analysts expect that Vulcan Materials Company will post 9.28 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, May 22nd. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.73%.

Insider Buying and Selling at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $303.72, for a total value of $345,329.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.