Bamco Inc. NY Has $64.21 Million Stock Position in Vulcan Materials Company $VMC

Bamco Inc. NY boosted its position in Vulcan Materials Company (NYSE:VMC) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 225,132 shares of the construction company’s stock after acquiring an additional 1,966 shares during the quarter. Bamco Inc. NY’s holdings in Vulcan Materials were worth $64,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VMC. Lone Pine Capital LLC acquired a new position in Vulcan Materials in the 3rd quarter valued at $425,938,000. Norges Bank acquired a new position in Vulcan Materials in the 4th quarter valued at $383,613,000. Egerton Capital UK LLP acquired a new position in Vulcan Materials in the 4th quarter valued at $273,861,000. Arrowstreet Capital Limited Partnership grew its stake in Vulcan Materials by 121.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 717,409 shares of the construction company’s stock valued at $204,619,000 after buying an additional 393,339 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Vulcan Materials by 993.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 396,628 shares of the construction company’s stock valued at $113,126,000 after buying an additional 360,368 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VMC shares. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Raymond James Financial set a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, April 30th. Stephens raised their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $333.00 price target on shares of Vulcan Materials in a report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $326.92.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This trade represents a 20.24% decrease in their position. The transaction 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 Price Performance

Shares of Vulcan Materials stock opened at $294.34 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09. The firm has a fifty day moving average price of $283.56 and a two-hundred day moving average price of $290.08. The company has a market cap of $38.19 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05.

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

Vulcan Materials Dividend Announcement

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

Vulcan Materials 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.