Fox Run Management L.L.C. Has $209,000 Position in Vulcan Materials Company $VMC

Fox Run Management L.L.C. lessened its stake in Vulcan Materials Company (NYSE:VMC) by 75.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 681 shares of the construction company’s stock after selling 2,095 shares during the period. Fox Run Management L.L.C.’s holdings in Vulcan Materials were worth $209,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of VMC. MAI Capital Management raised its position in shares of Vulcan Materials by 10.6% during the third quarter. MAI Capital Management now owns 39,275 shares of the construction company’s stock worth $12,082,000 after acquiring an additional 3,764 shares during the last quarter. Optiver Holding B.V. acquired a new stake in Vulcan Materials in the third quarter worth about $49,000. Weitz Investment Management Inc. raised its holdings in Vulcan Materials by 0.4% during the 3rd quarter. Weitz Investment Management Inc. now owns 212,700 shares of the construction company’s stock worth $65,431,000 after purchasing an additional 800 shares during the last quarter. Mufg Securities Americas Inc. lifted its position in Vulcan Materials by 21.7% during the 3rd quarter. Mufg Securities Americas Inc. now owns 3,563 shares of the construction company’s stock valued at $1,096,000 after purchasing an additional 635 shares during the period. Finally, Compound Planning Inc. boosted its stake in shares of Vulcan Materials by 19.5% in the 3rd quarter. Compound Planning Inc. now owns 1,177 shares of the construction company’s stock valued at $362,000 after purchasing an additional 192 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of recent research reports. DA Davidson dropped their price target on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Royal Bank Of Canada dropped their target price on shares of Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 18th. Wells Fargo & Company reduced their price target on Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research note on Tuesday, January 27th. Finally, B. Riley Financial began coverage on Vulcan Materials in a research note on Thursday, January 15th. They issued a “buy” rating and a $345.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $325.07.

Insider Buying and Selling at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $303.72, for a total value of $345,329.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thompson S. Baker II sold 7,135 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $300.81, for a total transaction of $2,146,279.35. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 8,937 shares of company stock valued at $2,687,784. 0.61% of the stock is currently owned by corporate insiders.

Vulcan Materials Price Performance

VMC opened at $299.85 on Wednesday. The stock has a market cap of $39.15 billion, a P/E ratio of 36.93, a P/E/G ratio of 2.25 and a beta of 1.05. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $331.09. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $304.84 and a 200 day simple moving average of $297.71.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, February 17th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the firm posted $2.17 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. On average, research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be issued a dividend of $0.52 per share. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, March 9th. This represents a $2.08 annualized dividend and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is 24.14%.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.