Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.86 Million Holdings in Vulcan Materials (VMC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Vulcan Materials (NYSE:VMC) by 21.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 16,690 shares of the construction company’s stock after selling 4,689 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Vulcan Materials were worth $1,856,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arlington Partners LLC acquired a new position in shares of Vulcan Materials in the 3rd quarter valued at $111,000. JNBA Financial Advisors acquired a new position in shares of Vulcan Materials in the 3rd quarter valued at $111,000. Mount Yale Investment Advisors LLC grew its holdings in shares of Vulcan Materials by 90.1% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 960 shares of the construction company’s stock valued at $124,000 after buying an additional 455 shares during the period. Pendal Group Ltd acquired a new position in shares of Vulcan Materials in the 3rd quarter valued at $140,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Vulcan Materials in the 2nd quarter valued at $194,000. 96.16% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on VMC. Barclays reissued a “buy” rating and issued a $132.00 price target on shares of Vulcan Materials in a report on Thursday, October 18th. Argus decreased their price target on shares of Vulcan Materials to $122.00 and set a “buy” rating for the company in a report on Monday, August 20th. ValuEngine lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Friday, October 12th. Finally, Bank of America decreased their price target on shares of Vulcan Materials from $130.00 to $128.00 and set a “hold” rating for the company in a report 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 company. The stock currently has an average rating of “Hold” and an average price target of $121.45.

Shares of NYSE VMC opened at $103.13 on Friday. The firm has a market capitalization of $13.71 billion, a P/E ratio of 33.92, a P/E/G ratio of 1.34 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 has a 1-year low of $82.52 and a 1-year high of $141.20.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, October 30th. The construction company reported $1.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.40. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Vulcan Materials had a net margin of 16.84% and a return on equity of 10.20%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 EPS. Sell-side analysts expect that Vulcan Materials will post 3.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Wednesday, November 21st will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Tuesday, November 20th. Vulcan Materials’s payout ratio is presently 36.84%.

In related news, Chairman J Thomas Hill bought 1,955 shares of Vulcan Materials stock in a transaction that occurred on Tuesday, November 6th. The stock was purchased at an average cost 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.89% of the stock is currently owned by corporate insiders.

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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.

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

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