Family Legacy Inc. reduced its stake in Vulcan Materials (NYSE:VMC) by 28.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,000 shares of the construction company’s stock after selling 5,283 shares during the period. Vulcan Materials accounts for about 4.0% of Family Legacy Inc.’s investment portfolio, making the stock its 6th biggest holding. Family Legacy Inc.’s holdings in Vulcan Materials were worth $1,555,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sun Life Financial INC boosted its position in shares of Vulcan Materials by 10,666.7% during the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after buying an additional 960 shares during the period. Korea Investment CORP boosted its position in shares of Vulcan Materials by 140.5% during the second quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock worth $156,000 after buying an additional 718 shares during the period. Schroder Investment Management Group acquired a new position in shares of Vulcan Materials during the second quarter worth approximately $187,000. Wetherby Asset Management Inc. acquired a new position in shares of Vulcan Materials during the second quarter worth approximately $203,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of Vulcan Materials during the second quarter worth approximately $204,000. Institutional investors own 89.10% of the company’s stock.

Several brokerages have recently issued reports on VMC. Jefferies Group boosted their price objective on Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Barclays began coverage on Vulcan Materials in a research report on Tuesday. They set an “overweight” rating and a $135.00 price objective for the company. Citigroup reissued a “buy” rating and set a $140.00 target price (down previously from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $139.29.

Shares of Vulcan Materials (VMC) traded down $1.41 during trading hours on Wednesday, reaching $121.51. The company had a trading volume of 1,225,700 shares, compared to its average volume of 1,262,013. Vulcan Materials has a 1 year low of $108.95 and a 1 year high of $136.82. The company has a market capitalization of $16,260.41, a PE ratio of 41.39, a price-to-earnings-growth ratio of 2.40 and a beta of 0.88. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.36). Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $1.01 EPS. Vulcan Materials’s revenue for the quarter was up 8.6% on a year-over-year basis. equities analysts predict that Vulcan Materials will post 3.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.82%. Vulcan Materials’s payout ratio is 34.97%.

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Vulcan Materials Profile

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).

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

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