Vulcan Materials (NYSE:VMC) Shares Purchased by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. increased its stake in shares of Vulcan Materials (NYSE:VMC) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,052 shares of the construction company’s stock after purchasing an additional 2,300 shares during the period. Pictet Asset Management Ltd.’s holdings in Vulcan Materials were worth $9,234,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in VMC. Nuveen Asset Management LLC raised its holdings in Vulcan Materials by 26,177.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 926,817 shares of the construction company’s stock valued at $127,261,000 after acquiring an additional 923,290 shares during the last quarter. Prudential Financial Inc. raised its holdings in Vulcan Materials by 345.3% in the 2nd quarter. Prudential Financial Inc. now owns 811,004 shares of the construction company’s stock valued at $111,359,000 after acquiring an additional 628,893 shares during the last quarter. DF Dent & Co. Inc. raised its holdings in Vulcan Materials by 67.5% in the 2nd quarter. DF Dent & Co. Inc. now owns 1,100,540 shares of the construction company’s stock valued at $151,115,000 after acquiring an additional 443,451 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Vulcan Materials by 7.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,342,365 shares of the construction company’s stock valued at $807,980,000 after acquiring an additional 359,514 shares during the last quarter. Finally, Columbus Circle Investors raised its holdings in Vulcan Materials by 241.6% in the 2nd quarter. Columbus Circle Investors now owns 298,689 shares of the construction company’s stock valued at $41,013,000 after acquiring an additional 211,258 shares during the last quarter. Institutional investors own 92.04% of the company’s stock.

Vulcan Materials stock opened at $141.58 on Tuesday. The firm has a 50 day simple moving average of $142.62 and a 200-day simple moving average of $139.58. Vulcan Materials has a 1-year low of $90.04 and a 1-year high of $152.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.47 and a quick ratio of 1.67. The stock has a market cap of $18.78 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.02). Vulcan Materials had a net margin of 12.43% and a return on equity of 11.55%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company earned $1.40 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. Equities analysts expect that Vulcan Materials will post 4.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, November 19th will be paid a $0.31 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 0.88%. Vulcan Materials’s dividend payout ratio (DPR) is 30.62%.

A number of analysts have commented on VMC shares. Royal Bank of Canada increased their price objective on shares of Vulcan Materials from $142.00 to $156.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Stifel Nicolaus increased their price objective on shares of Vulcan Materials from $145.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Goldman Sachs Group downgraded shares of Vulcan Materials from a “conviction-buy” rating to a “buy” rating in a report on Friday, November 8th. Deutsche Bank started coverage on shares of Vulcan Materials in a report on Wednesday, November 27th. They issued a “hold” rating and a $166.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vulcan Materials from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. Vulcan Materials has a consensus rating of “Buy” and an average price target of $152.38.

In related news, VP Randy L. Pigg sold 643 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $140.64, for a total transaction of $90,431.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stanley G. Bass sold 2,184 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $149.93, for a total transaction of $327,447.12. Following the transaction, the insider now directly owns 35,263 shares of the company’s stock, valued at approximately $5,286,981.59. The disclosure for this sale can be found here. In the last three months, insiders sold 5,233 shares of company stock valued at $759,386. Corporate insiders own 0.79% of the company’s stock.

Vulcan Materials Profile

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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