Baldwin Investment Management LLC Has $645,000 Holdings in Vulcan Materials (VMC)

Baldwin Investment Management LLC lifted its stake in shares of Vulcan Materials (NYSE:VMC) by 18.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,800 shares of the construction company’s stock after purchasing an additional 900 shares during the period. Baldwin Investment Management LLC’s holdings in Vulcan Materials were worth $645,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in VMC. Arlington Partners LLC purchased a new stake in shares of Vulcan Materials during the third quarter worth about $111,000. JNBA Financial Advisors purchased a new stake in shares of Vulcan Materials during the third quarter worth about $111,000. Mount Yale Investment Advisors LLC increased its stake in shares of Vulcan Materials by 90.1% during the second quarter. Mount Yale Investment Advisors LLC now owns 960 shares of the construction company’s stock worth $124,000 after purchasing an additional 455 shares in the last quarter. Pendal Group Ltd purchased a new stake in shares of Vulcan Materials during the third quarter worth about $140,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Vulcan Materials during the second quarter worth about $194,000. 96.16% of the stock is owned by institutional investors and hedge funds.

In other Vulcan Materials news, Chairman J Thomas Hill acquired 1,955 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was bought at an average price of $101.66 per share, with a total value of $198,745.30. Following the purchase, the chairman now owns 57,348 shares in the company, valued at $5,829,997.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.89% of the stock is currently owned by corporate insiders.

A number of research firms have recently commented on VMC. Barclays reissued a “buy” rating and set a $132.00 target price on shares of Vulcan Materials in a research note on Thursday, October 18th. Argus cut their target price on shares of Vulcan Materials to $122.00 and set a “buy” rating for the company in a research note on Monday, August 20th. ValuEngine cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Zacks Investment Research cut shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a research note on Friday, October 12th. Finally, Bank of America cut their target price on shares of Vulcan Materials from $130.00 to $128.00 and set a “hold” rating for the company in a research note on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $121.45.

Shares of NYSE VMC opened at $103.80 on Friday. Vulcan Materials has a 12-month low of $82.52 and a 12-month high of $141.20. The stock has a market cap of $13.57 billion, a P/E ratio of 34.14, a price-to-earnings-growth ratio of 1.32 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.70 and a quick ratio of 1.11.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Tuesday, October 30th. The construction company reported $1.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.40. Vulcan Materials had a net margin of 16.84% and a return on equity of 10.20%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the company earned $1.04 EPS. Vulcan Materials’s revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts forecast that Vulcan Materials will post 3.95 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Wednesday, November 21st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.12 annualized dividend and a yield of 1.08%. Vulcan Materials’s dividend payout ratio is presently 36.84%.

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About Vulcan Materials

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

Read More: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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