Commerzbank Aktiengesellschaft FI Acquires 1,062 Shares of Vulcan Materials (VMC)
Commerzbank Aktiengesellschaft FI increased its position in shares of Vulcan Materials (NYSE:VMC) by 47.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,292 shares of the construction company’s stock after buying an additional 1,062 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Vulcan Materials were worth $394,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. KBC Group NV boosted its holdings in shares of Vulcan Materials by 102.5% during the 3rd quarter. KBC Group NV now owns 33,030 shares of the construction company’s stock worth $3,950,000 after buying an additional 16,719 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Vulcan Materials by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 897,658 shares of the construction company’s stock valued at $107,359,000 after purchasing an additional 3,048 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Vulcan Materials by 2.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 428,994 shares of the construction company’s stock valued at $51,308,000 after purchasing an additional 10,528 shares during the period. Wells Fargo & Company MN boosted its holdings in Vulcan Materials by 17.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,385,223 shares of the construction company’s stock valued at $285,272,000 after purchasing an additional 354,498 shares during the period. Finally, Zeke Capital Advisors LLC bought a new stake in Vulcan Materials in the 3rd quarter valued at $245,000. 89.10% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. Jefferies Group set a $114.00 price target on shares of Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, August 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials in a research note on Tuesday, October 10th. Bank of America dropped their price objective on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. Finally, Citigroup restated a “buy” rating and issued a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $140.00.
In other Vulcan Materials news, insider Michael R. Mills sold 981 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total transaction of $115,316.55. Following the sale, the insider now directly owns 23,871 shares in the company, valued at approximately $2,806,036.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.89% of the stock is owned by company insiders.
Shares of Vulcan Materials (NYSE:VMC) traded up $1.00 during midday trading on Monday, hitting $125.88. 1,359,300 shares of the stock traded hands, compared to its average volume of 1,262,479. The company has a market cap of $16,470.00, a price-to-earnings ratio of 42.38, a PEG ratio of 2.46 and a beta of 0.88. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60. Vulcan Materials has a one year low of $108.95 and a one year high of $136.82.
Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.36). Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $1.01 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. equities research analysts expect that Vulcan Materials will post 3.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 22nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Tuesday, November 21st. Vulcan Materials’s payout ratio is 34.13%.
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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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