APG Asset Management N.V. Sells 21,955 Shares of Vulcan Materials (NYSE:VMC)

APG Asset Management N.V. reduced its position in shares of Vulcan Materials (NYSE:VMC) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 541,899 shares of the construction company’s stock after selling 21,955 shares during the period. APG Asset Management N.V. owned about 0.41% of Vulcan Materials worth $79,542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Vulcan Materials by 2.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,073,008 shares of the construction company’s stock worth $1,405,268,000 after purchasing an additional 184,534 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Vulcan Materials by 0.7% during the second quarter. Principal Financial Group Inc. now owns 4,579,315 shares of the construction company’s stock worth $797,121,000 after purchasing an additional 31,584 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Vulcan Materials by 2.8% during the second quarter. Geode Capital Management LLC now owns 2,569,467 shares of the construction company’s stock worth $446,133,000 after purchasing an additional 68,788 shares during the last quarter. DF Dent & Co. Inc. grew its holdings in shares of Vulcan Materials by 0.9% during the first quarter. DF Dent & Co. Inc. now owns 1,648,784 shares of the construction company’s stock worth $278,232,000 after purchasing an additional 14,440 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Vulcan Materials by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,412,517 shares of the construction company’s stock valued at $238,362,000 after acquiring an additional 16,260 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Shares of VMC opened at $170.48 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.92 and a current ratio of 3.67. Vulcan Materials has a 52-week low of $131.36 and a 52-week high of $194.17. The business’s 50 day moving average price is $179.33 and its two-hundred day moving average price is $178.26. The firm has a market cap of $22.62 billion, a PE ratio of 33.96 and a beta of 0.58.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, August 4th. The construction company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Vulcan Materials had a return on equity of 10.71% and a net margin of 13.64%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the company earned $1.60 earnings per share. Vulcan Materials’s revenue for the quarter was up 2.9% compared to the same quarter last year. Research analysts predict that Vulcan Materials will post 5.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 2nd. Stockholders of record on Tuesday, November 16th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Monday, November 15th. Vulcan Materials’s payout ratio is 31.62%.

VMC has been the topic of several analyst reports. Royal Bank of Canada upped their target price on Vulcan Materials from $182.00 to $198.00 and gave the company a “sector perform” rating in a report on Thursday, October 7th. Jefferies Financial Group upgraded Vulcan Materials from a “hold” rating to a “buy” rating and upped their target price for the company from $180.00 to $207.00 in a report on Friday, June 25th. Morgan Stanley upped their target price on Vulcan Materials from $186.00 to $193.00 and gave the company an “equal weight” rating in a report on Monday, August 9th. Finally, Loop Capital upgraded Vulcan Materials from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Wednesday, October 6th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $186.85.

In related news, SVP David P. Clement sold 3,716 shares of the stock in a transaction on Tuesday, August 24th. The stock was sold at an average price of $184.34, for a total value of $685,007.44. Following the completion of the sale, the senior vice president now directly owns 7,593 shares of the company’s stock, valued at approximately $1,399,693.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO J Thomas Hill sold 69,558 shares of the company’s stock in a transaction on Monday, August 30th. The shares were sold at an average price of $186.48, for a total value of $12,971,175.84. Following the completion of the transaction, the chief executive officer now owns 70,465 shares of the company’s stock, valued at approximately $13,140,313.20. The disclosure for this sale can be found here. Insiders have sold 106,795 shares of company stock worth $19,874,999 over the last ninety days. 0.55% of the stock is owned by insiders.

Vulcan Materials Profile

Vulcan Materials Co engages in the provision of basic materials and supply for infrastructure and construction industry. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.

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

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