Alleghany Corp DE acquired a new position in Vulcan Materials (NYSE:VMC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 204,000 shares of the construction company’s stock, valued at approximately $26,188,000. Vulcan Materials comprises approximately 0.8% of Alleghany Corp DE’s investment portfolio, making the stock its 24th largest position.
A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. raised its position in Vulcan Materials by 18.4% in the 4th quarter. BlackRock Inc. now owns 10,394,204 shares of the construction company’s stock worth $1,334,304,000 after purchasing an additional 1,614,350 shares during the last quarter. Bank of New York Mellon Corp raised its position in Vulcan Materials by 3.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,542,748 shares of the construction company’s stock worth $326,414,000 after purchasing an additional 76,434 shares during the last quarter. Wells Fargo & Company MN raised its position in Vulcan Materials by 17.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,385,223 shares of the construction company’s stock worth $285,272,000 after purchasing an additional 354,498 shares during the last quarter. Third Point LLC grew its holdings in Vulcan Materials by 46.9% during the 3rd quarter. Third Point LLC now owns 2,350,000 shares of the construction company’s stock worth $281,060,000 after acquiring an additional 750,000 shares during the period. Finally, Caledonia Private Investments Pty Ltd grew its holdings in Vulcan Materials by 5.1% during the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 1,409,312 shares of the construction company’s stock worth $168,554,000 after acquiring an additional 68,482 shares during the period. Hedge funds and other institutional investors own 89.22% of the company’s stock.
In other news, insider Michael R. Mills sold 4,659 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the completion of the transaction, the insider now owns 45,351 shares of the company’s stock, valued at approximately $6,043,020.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael R. Mills sold 3,738 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total transaction of $502,985.28. Following the completion of the transaction, the insider now directly owns 44,581 shares of the company’s stock, valued at approximately $5,998,819.36. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.
Shares of Vulcan Materials (VMC) opened at $121.69 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.50. Vulcan Materials has a fifty-two week low of $108.95 and a fifty-two week high of $141.20. The company has a market cap of $16,100.00, a price-to-earnings ratio of 55.31, a price-to-earnings-growth ratio of 1.26 and a beta of 0.84.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Friday, February 16th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. Vulcan Materials had a net margin of 15.45% and a return on equity of 8.68%. The company had revenue of $977.50 million during the quarter, compared to analyst estimates of $929.36 million. During the same quarter in the previous year, the business earned $0.69 EPS. The firm’s revenue was up 12.0% on a year-over-year basis. equities analysts forecast that Vulcan Materials will post 4.4 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a $0.28 dividend. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, February 22nd. This represents a $1.12 annualized dividend and a dividend yield of 0.92%. Vulcan Materials’s payout ratio is 50.91%.
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Vulcan Materials Profile
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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