Greenhouse Funds LLLP grew its holdings in Vulcan Materials (NYSE:VMC) by 14.6% during the 4th quarter, Holdings Channel reports. The firm owned 55,905 shares of the construction company’s stock after acquiring an additional 7,136 shares during the quarter. Vulcan Materials comprises about 2.0% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 18th biggest position. Greenhouse Funds LLLP’s holdings in Vulcan Materials were worth $7,177,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at about $133,000. Tower Research Capital LLC TRC grew its position in shares of Vulcan Materials by 1,140.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,451 shares of the construction company’s stock valued at $187,000 after purchasing an additional 1,334 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at about $200,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at about $205,000. Finally, Cetera Advisor Networks LLC acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at about $208,000. 92.29% of the stock is currently owned by institutional investors.
In other Vulcan Materials news, insider Michael R. Mills sold 4,659 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $133.25, for a total transaction of $620,811.75. Following the completion of the transaction, the insider now owns 45,351 shares in the company, valued at $6,043,020.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael R. Mills sold 3,738 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total transaction of $502,985.28. Following the transaction, the insider now 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 company insiders.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Friday, February 16th. The construction company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $977.50 million during the quarter, compared to analysts’ expectations of $929.36 million. Vulcan Materials had a net margin of 15.45% and a return on equity of 8.68%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. equities analysts expect that Vulcan Materials will post 4.4 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.28 per share. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 22nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.92%. Vulcan Materials’s dividend payout ratio (DPR) is currently 25.11%.
Several brokerages have recently issued reports on VMC. Barclays assumed coverage on Vulcan Materials in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $135.00 price target on the stock. Zacks Investment Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Jefferies Group reissued a “hold” rating and set a $135.00 target price on shares of Vulcan Materials in a research report on Wednesday, January 17th. Bank of America lifted their target price on Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Finally, Citigroup set a $150.00 target price on Vulcan Materials and gave the stock a “buy” rating in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $145.11.
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Vulcan Materials Company 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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