Bessemer Group Inc. cut its stake in Vulcan Materials Company (NYSE:VMC) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,606 shares of the construction company’s stock after selling 592 shares during the period. Bessemer Group Inc.’s holdings in Vulcan Materials were worth $1,597,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VMC. BlackRock Inc. raised its stake in Vulcan Materials by 2,909.7% in the first quarter. BlackRock Inc. now owns 8,067,195 shares of the construction company’s stock valued at $971,936,000 after buying an additional 7,799,158 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in Vulcan Materials during the first quarter worth $138,381,000. Marshall Wace North America L.P. purchased a new stake in Vulcan Materials during the first quarter worth $138,381,000. Point72 Asset Management L.P. raised its stake in Vulcan Materials by 226.1% in the first quarter. Point72 Asset Management L.P. now owns 950,200 shares of the construction company’s stock worth $114,480,000 after buying an additional 658,800 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Vulcan Materials by 10.6% in the first quarter. JPMorgan Chase & Co. now owns 4,647,016 shares of the construction company’s stock worth $559,872,000 after buying an additional 443,701 shares during the last quarter. 85.60% of the stock is owned by institutional investors.

Shares of Vulcan Materials Company (NYSE VMC) opened at 114.20 on Friday. The firm has a market capitalization of $15.11 billion, a price-to-earnings ratio of 36.77 and a beta of 0.93. Vulcan Materials Company has a 12-month low of $105.71 and a 12-month high of $138.18. The company’s 50-day moving average is $124.82 and its 200-day moving average is $123.74.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by $0.32. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Vulcan Materials’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Vulcan Materials Company will post $3.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Monday, August 21st. Vulcan Materials’s payout ratio is 32.36%.

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VMC has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Friday, April 21st. Citigroup Inc. reaffirmed a “buy” rating on shares of Vulcan Materials in a report on Thursday, May 11th. Argus raised their price target on shares of Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, June 9th. BidaskClub raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $154.00 price target on shares of Vulcan Materials in a report on Monday, June 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $139.67.

In other news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $40,392.00. Following the completion of the sale, the general counsel now directly owns 5,292 shares in the company, valued at $698,544. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stanley G. Bass sold 4,413 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total transaction of $582,516.00. Following the completion of the sale, the insider now owns 21,939 shares of the company’s stock, valued at $2,895,948. The disclosure for this sale can be found here. Insiders sold 6,743 shares of company stock valued at $876,515 over the last 90 days. 0.89% of the stock is owned by corporate insiders.

About Vulcan Materials

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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

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